Closing Bell: Marvell Rallies, Boeing Soars, BlackRock Falls

Mar 6, 2026

Market movers highlighted include a chipmaker’s surge after a bullish data‑center revenue outlook. A potential massive jet order tied to a high‑level China visit sends airplane shares higher. A major asset manager restricts redemptions from a private credit fund amid spike in withdrawal requests. Retail and energy trends, rising oil risks, and bond yield swings round out the closing market coverage.

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INSIGHT

Marvell Signals Bigger Data Center Demand

Marvell forecasted accelerating year-over-year revenue growth through fiscal 2027, signaling stronger-than-expected data center demand.
The chipmaker guided fiscal Q1 revenue up to $2.52 billion versus $2.28 billion analyst consensus, sparking an ~18% NASDAQ 100 gain.

INSIGHT

Huge Boeing Order Could Accompany Trump China Visit

Bloomberg reported Boeing is close to a potential 500‑aircraft 737 MAX order tied to President Trump's state visit to China.
The deal could include later announcements for ~100 wide‑body Dreamliners and 777X jets, ending a long Chinese order drought.

INSIGHT

BlackRock Caps Redemptions In Large Private Credit Fund

BlackRock capped repurchases at 5% for its $26 billion HPS Corporate Lending Fund after shareholders requested 9.3% redemptions.
That cap means investors will receive about $620 million back instead of the roughly $1.2 billion they requested, pressuring BlackRock shares.

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

- Marvell Technology (MRVL) shares jumped as much as 19% after the chipmaker delivered a bullish sales outlook, saying that data center demand was growing even faster than anticipated. Revenue will be as much as $2.52 billion in the fiscal first quarter, which runs through April, Marvell said in a statement Thursday. Analysts had estimated $2.28 billion on average.

- Boeing (BA) is closing in on one of the largest sales in its history, a 500-aircraft order for 737 Max jets set to be unveiled when President Donald Trump travels to Beijing for his first state visit to China since 2017, people familiar with the matter said. Boeing’s aircraft stand to feature prominently in a trade agreement between China President Xi Jinping and Trump, who has used the US planemaker as a tool to sweeten accords with other governments. Boeing shares jumped as much as 4% following Bloomberg’s report. The stock was the best performer on the 30-member Dow Jones Industrial Average index as of 2:30 p.m. Friday in New York.

- BlackRock (BLK) curbed withdrawals from one of its biggest private credit funds after client requests for redemptions spiked, the latest sign of investor anxiety about the $1.8 trillion private credit industry. The firm’s $26 billion HPS Corporate Lending Fund, one of the largest non-traded business development companies, said in a statement Friday that shareholders requested 9.3% of their shares, but management decided to cap the repurchases at 5%. While the total value of shares would have been about $1.2 billion, according to Bloomberg calculations, investors will get back about $620 million that the fund held at year-end. BlackRock shares fell as much as 8.3% on Friday, while the stocks of alternative asset managers including KKR & Co. and Ares Management Corp. also swooned, as they’re off to their worst start to a year in a decade.

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