Top Stock Movers – March 03, 2026
U.S. stocks closed lower Tuesday but finished well off session lows as investors navigated escalating tensions in the Middle East and sharp swings across commodities and equities.The tech-heavy Nasdaq Composite fell 1.0%, the S&P 500 dropped 0.9%, and the Dow Jones Industrial Average slid 0.8%, shedding roughly 400 points after being down more than 1,250 earlier in the day. Investors pared losses after President Donald Trump said the U.S. Navy would escort oil tankers through the Strait of Hormuz if necessary.
Top Gainers
Plug Power (PLUG) +22%
Plug Power surged after earnings, ranking among the market’s biggest gainers. The hydrogen fuel cell maker benefited from renewed investor appetite for beaten-down growth names despite broader volatility.
Target (TGT) +7%
Target shares jumped after the retailer issued better-than-expected full-year profit and revenue guidance. Strong February sales and upbeat fiscal 2026 projections lifted confidence in the big-box chain’s turnaround efforts.
Best Buy (BBY) +7%
Best Buy climbed even after reporting weaker-than-expected revenue, as profit topped forecasts. Investors appeared encouraged by stronger margins and management’s confidence in stabilizing demand.
Top Losers
MongoDB (MDB) -22%
MongoDB plunged after issuing disappointing earnings guidance. While quarterly results topped estimates, weaker forward projections rattled investors and deepened losses in the software sector.
Newmont (NEM) -8%
Gold miners slid sharply as gold prices retreated from record highs. Newmont led S&P 500 decliners as bullion futures dropped more than 3%.
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