Benzinga·2026-03-06 01:29Market Overview - Major U.S. indexes closed lower, with the Dow Jones Industrial Average down 1.6% to 47,954.74, the S&P 500 down 0.56% to 6,830.71, and the Nasdaq down 0.26% to 22,748.98 [1] Marvell Technology Inc. - Marvell Technology's stock fell by 3.09%, closing at $75.68, with an intraday high of $80.26 and a low of $75.24, within a 52-week range of $47.09 to $102.77 [1] - The stock previously surged 14.67% to $86.78 [1] Costco Wholesale Corp. - Costco's shares dropped 2.40% to close at $982.57, with an intraday high of $999.25 and a low of $978.81, trading between $844.06 and $1067.08 over the past year [3] - The company reported second-quarter fiscal 2026 revenue of $69.60 billion, exceeding the $69.29 billion consensus estimate, and earnings of $4.58 per share, slightly above the $4.57 estimate [3] - Net sales increased by 9.1% year over year, with comparable sales rising 7.4% [3] - Membership fee revenue climbed to $1.36 billion from $1.19 billion a year earlier [4] The Gap, Inc. - The Gap's stock decreased by 1.96%, ending at $27.20, with an intraday high of $27.74 and a low of $26.34, within a 52-week range of $16.99 to $29.36 [5] - The company reported fourth-quarter EPS of $0.45, matching the consensus estimate, with revenue increasing by $87 million from the same period last year [5] Samsara - Samsara's stock surged by 3.07%, closing at $29.58, with an intraday high of $30.46 and a low of $28.78, trading between $23.38 and $48.40 over the past year [6] - The company reported fourth-quarter revenue of $444.3 million and adjusted earnings of 18 cents per share, both exceeding analyst estimates [7] - Revenue rose 28% year over year, with annual recurring revenue growing 30% to $1.89 billion [7] - The company forecasts first-quarter revenue of $454 million to $456 million and fiscal 2027 revenue of about $1.97 billion to $1.98 billion, both above estimates [7] Oracle Corporation - Oracle's stock rose by 1.59%, finishing at $154.79, with an intraday high of $157.94 and a low of $150.12, within a 52-week range of $118.86 to $345.72 [8] - The stock gained nearly 1.2% in after-hours trading to $156.62 [8] - The company benefits from strategic investments in cloud services and artificial intelligence [8] - Reports indicate Oracle is planning thousands of job cuts due to artificial intelligence [9]