Shares of Fabrinet (NYSE: FN) were up on Thursday. The leg up came amid broader market weakness, with the S&P 500 (SNPINDEX: ^GSPC) down 1.4% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) down 2.1%. The company, which manufactures precision optical equipment critical to modern data centers, announced a strategic partnership with Amazon in which the tech giant will purchase Fabrinet stock.

The San Francisco-based company said it had profit of 39 cents per share. Earnings, adjusted for one-time gains and costs, came to 86 cents per share. The results surpassed Wall Street expectations.

Shares of Compass Inc. turned higher after a Wall Street Journal report that the real-estate brokerage is in talks to buy Warren Buffett’s real-estate brokerage business. Compass stock increased from about $8.

Analysts are cutting their forecasts for Apple iPhone sales this year as the company delays adding AI features. Apple stock is down on the news.

The question now is what happens to the stock market next. It was only 16 trading days ago that the S&P 500 was at a record high, according to Dow Jones Market Data. Arnott told Barron’s that small-caps and value stocks have been beaten up too much and now look attractive.

NEW YORK (Reuters) -For the first time in over a year, the U.S. stock market is in a correction. The benchmark stock index closed down more than 10% from its February 19 closing high, meeting the widely used definition of a correction. The S&P 500's slide follows a similar drop for the tech-heavy Nasdaq Composite index, which last week confirmed it was in a correction.

CAMARILLO, Calif., March 13, 2025--Semtech Announces Fourth Quarter and Fiscal Year 2025 Results

All three of the US market averages (^DJI, ^IXIC, ^GSPC) are back in the red at Thursday's market close, the Nasdaq leading losses as it dropped 1.96%. Market Domination Overtime host Julie Hyman and Yahoo Finance markets and data editor Jared Blikre monitor the day's market and sector action amid the latest tariff headlines out of the Trump administration and a looming government shutdown. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

Docusign, Inc. (NASDAQ: DOCU) today announced results for its fourth quarter and fiscal year ended January 31, 2025. Prepared remarks and the news release with the financial results will be accessible on Docusign's website at investor.docusign.com prior to its webcast.

SAN FRANCISCO, March 13, 2025--PagerDuty, Inc. (NYSE:PD), a leader in digital operations management, today announced financial results for the fourth quarter and full year of fiscal 2025, ended January 31, 2025.