Skip to content
Virgin Galactic, Tower Semiconductor, CrowdStrike, Bitcoin: what to watch in the stock market today

Wall Street stock indices rallied, led by tech stocks, while energy prices fell and bonds sold off after reports that Russia was pulling some troops from the Ukrainian border. Here’s what we’re seeing in the markets on Tuesday:

  • Intel said it would buy Israeli chip company Tower Semiconductor for $53 a share in cash, as the U.S. semiconductor giant continues to spend to expand manufacturing operations.
  • Computer networking company Arista Networks announced results that beat analysts’ expectations.
  • Shares of cybersecurity firms including CrowdStrike Holdings, Palo Alto Networks SentinelOne rose as the market opened. Businesses, including utilities, manufacturers and financial services firms, have been bracing for the potential fallout from cyberattacks on Ukraine.
  • ImmunoGen announced a licensing agreement with Eli Lilly for its Novel Camptothecin ADC platform for up to $1.7 billion in potential payments.
  • Larimar Therapeutics, a clinical-stage biotechnology company, said the U.S. Food and Drug Administration has extended the clinical hold of CTI-1601, its lead compound.
  • Resonant, the provider of radio frequency filtering solutions, has agreed to be taken over by a unit of Japanese Murata Manufacturing.
  • Bitcoin’s dollar value was up 5% from its 5 p.m. ET Monday level at $44,384.09. Shares of cryptocurrency companies such as Coinbase Global and Marathon Digital gained alongside it as the market opened.
  • Tech companies led the gains early in trading, with shares of, Netflix, Microsoft, Apple and Tesla rising.
  • Hotel operator Marriott International reported fourth-quarter adjusted earnings and revenue that more than doubled to beat expectations.
  • Shares of space tourism pioneer Virgin Galactic said on Tuesday that ticket sales for its spaceflight will open to the general public on Wednesday.
  • Airbnb, Wynn Resorts and IAC/InterActiveCorp are expected to report after market close.
Card of the day
  • Pension funds are clamoring to invest in loans in the private market, hungry for an asset that can beat public markets while throwing cash to help pay benefits.

Write to Caitlin Ostroff at


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.