Friday’s big stock stories: What’s likely to move the market in the next trading session
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as stocks sold off on rising oil prices and concerns around U.S.-Iran negotiations, and what’s on the radar for the next session. The market We’ll focus heavily on the major indexes Friday on CNBC after this session’s big drops. Here are some stats and facts from our data team’s quantitative analyst Chris Hayes. The Nasdaq 100 , which is followed by the Invesco QQQ Trust (QQQ) , had its worst one-day drop since October. The S & P 500 and Nasdaq Composite had their worst day since Jan. 20. The Nasdaq Composite, Nasdaq 100, S & P, and Dow all closed under their 50-day and 200-day moving averages. The Russell 2000 and Dow Transports dropped below the 50-day moving average, but they are still above their 200-day moving averages. .SPX 5D mountain S & P 500 in the past five days S & P sectors down more than 10% from their highs Tech is down 15.5% from the October high. Communication services is down 14.5% from the Feb. 2 high. Consumer discretionary is off 13.5% from the Jan. 12 high. The financials sector is off 12.8% from the Jan. 6 high. S & P energy sector This sector is up 10.5% since the war with Iran started. It hit a new high on Thursday. Leading the charge: APA Corp , up about 41% this month and hitting a new high Thursday. Marathon Petroleum is up 25% in March and also hit a new high. Valero is up 21% in March, and the stock hit a high during the session. Occidental Petroleum , Phillips 66 , EOG , Devon Energy , ConocoPhillips , Coterra , Diamondback and ONEOK all hit new highs. APA 1M mountain APA Corp in the past month Relative strength index stats and facts Only five stocks in the Nasdaq 100 are in what would be considered “oversold” territory. That’s a relative strength reading of 30. “Overbought” is generally seen as anything above a 70. RSI is one of many factors a trader or investor might consider before buying or selling. A 30 doesn’t mean a jump is guaranteed for a stock, just like a 70 doesn’t mean a drop is imminent. The five stocks in “oversold” territory are Cintas , Microsoft , Check Point , Atlassian and Adobe . Only two Dow stocks are “oversold”: Disney and again Microsoft. Carnival The cruise ship company will report quarterly numbers live on ” Squawk Box ” Friday morning. Becky Quick, Joe Kernen and Andrew Ross Sorkin will have the numbers and stock reaction. Carnival shares have lost 17.6% in the past three months. The stock is down 25% since the Feb. 6 high. Royal Caribbean and Norwegian Cruise Line are also off course, running aground and sinking. Both stocks are also down 25% from their 52-week highs. Viking is off 12% from the February high and up about 19% in six months. Ahoy, we’ll have more about all this Friday on CNBC TV. CCL 3M mountain Carnival in the past three months Nvidia CNBC TV’s Nvidia report Kristina Partsinevelos will report Friday on the technical indicators around one of America’s most favorite stocks. Shares are down 19% from the October high. The stock is down about 3.4% since the war began, and it’s down 8% in 2026. However, Nvidia has advanced 50% in the past 12 months. The stock closed at $171.24 on Thursday. The 52-week high is $212.19, and the low is $86.62 a share back in April 2025. The 50-day moving average on the stock is $185, and the 200-day is $179. The RSI is moving toward that “oversold” territory. Right now, it is 38.9. Partsinevelos will have it all wrapped up Friday on CNBC, with expert thoughts on where the stock could be headed. Netflix Turn off the streaming service and turn on CNBC Friday, as we’ll hit the stock after Netflix raised its prices by at least $1 a month across the board. The stock was marginally higher in after hours. Shares are flat year to date. The stock is down 3% so far in March. Netflix is down 30% from the June high. Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds – from financial professionals to everyday individuals – come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you’re starting from, you’ll leave with clearer thinking, stronger strategies. Enter your email here to get a discount code.
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