The Dow Jones Industrial Average and other major stock indexes sold off Friday as Wall Street braced for the quarterly quadruple witching session. Meanwhile, Nvidia headed lower, as FedEx and Nike plunged on earnings.
Early Friday, the Dow Jones Industrial Average traded 1.1% lower, or more than 450 points. The S&P 500 dropped 0.8%. And the tech-heavy Nasdaq composite declined 0.7%. Friday's quarterly quadruple witching of futures and options expirations could add significant volume and volatility, especially at the close.
The 10-year Treasury yield ticked lower to 4.21% early Friday. And oil prices edged lower, as West Texas Intermediate futures traded near $67.80 per barrel.
Among exchange traded funds, the Invesco QQQ Trust dropped 0.9%, while the SPDR S&P 500 ETF moved down 0.8% after the open.
Meanwhile, Nvidia stock declined 2% in morning trading Friday. The artificial intelligence titan bounced another 0.9% Thursday, rallying for a second day. Shares are holding below their 50-day and 200-day moving averages.
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Stock Market Today: Earnings Movers
FedEx stock tumbled 11% after the company cut its fiscal 2025 profit expectations as the delivery heavyweight's third-quarter earnings came in slightly below analyst expectations.
And Nike stock sold off 8% after the Dow Jones retailer posted a strong beat for Q3 2025 results, but trimmed its guidance.
Other key earnings movers include Lennar, Micron and Nio. Shares of Lennar lost 5%, while Micron stock fell nearly 6%, and Nio skidded 6.4% in morning action.
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Dow Jones Falls
On Thursday, blue chips on the Dow 30 edged lower, holding right at the long-term 200-day moving average. The S&P 500 declined 0.2%, while the Nasdaq composite fell 0.3%. And the small-cap Russell 2000 lost 0.6%.
Amid the ongoing market rebound, now is an important time to read IBD's The Big Picture column and to track the updated exposure level.
Among the best companies to watch in the current stock market are Berkshire Hathaway, Tradeweb Markets, Bowhead Specialty and LandBridge.
Along with Apple and Nvidia, Dow Jones components making notable moves this week were Amazon.com, Microsoft and Travelers.
Check out IBD MarketSurge's "Breaking Out Today" list for top growth stocks that are moving above correct buy points. Check for potential breakouts on the "Near Pivot" list. To find additional stock ideas, check IBD Stock Lists like IBD 50, Big Cap 20 and Stocks Near A Buy Zone.
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Dow Jones: Travelers Gives Up Buy Point
Dow Jones component and insurance giant Travelers remains below its 263.08 handle buy point, according to MarketSurge chart analysis. Shares edged down in morning action Friday.
Outside the Dow, Tradeweb Markets closed further above a cup-with-handle's 140.48 entry. During this week's breakout move, the Relative Strength line triggered the blue dot, which is a sign of strong stock market outperformance. Shares were down 0.8% Friday.
Warren Buffett's Berkshire Hathaway rallied further out of the buy range above a 491.67 cup-base entry. Shares fell 0.4% Friday morning.
Insurance leader Bowhead Specialty is breaking out past a 37.81 buy point in a cup base, with a 3.5% rally Thursday, according to IBD MarketSurge pattern recognition. Bowhead shares gained another 0.5% Friday morning.
Finally, IBD Leaderboard stock LandBridge is in the 5% buy zone above a 76.22 buy point in a double bottom. Its RS line hit a new high this week. LandBridge stock dropped 2% Friday.
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Stock Market Today: Companies To Watch
These are four stocks in or near buy zones in today's stock market, including a Dow Jones leader and the Warren Buffett-led stock.
| Company Name | Symbol | Correct Buy Point | Type Of Buy Point |
|---|---|---|---|
| Uber Technologies | 82.10 | Cup with handle | |
| Travelers | 140.48 | Handle entry | |
| Berkshire Hathaway | 491.67 | Cup base | |
| Tradeweb Markets | 140.48 | Cup with handle |
Source: IBD Data as of March 17
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Tesla Stock
Tesla stock inched higher Thursday, still on pace to extend its losing streak to nine weeks. And the stock rallied another 2.9% Friday.
Shares are nearly 52% off their record high of 488.54, reached on Dec. 18.
Dow Jones Leaders: Amazon, Apple, Microsoft
Magnificent Seven stocks continue to face heavy selling pressure as investors rotate out into fresh sectors or defensive names. Dow Jones component Amazon is below its 200-day line following big losses in recent weeks. Amazon moved down 0.9% early Friday.
Apple, which continues to rebound from its recent lows, remains far below its 200-day moving average line amid heavy losses. Apple stock dropped 0.9% in morning trades Friday.
Finally, software giant Microsoft fell 0.6% Friday. Shares hit a new 52-week low last week, but are rebounding.
Be sure to follow Scott Lehtonen on X at @IBD_SLehtonen for more on growth stocks, the Dow Jones Industrial Average and the stock market today.
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