Marcin Frąckiewicz

Citigroup shares fell 5.16% to $110.19 on Friday amid a broad selloff in U.S. bank stocks, triggered by hotter inflation data and renewed credit concerns. The drop followed the collapse of UK mortgage lender Market Financial Solutions and a higher-than-expected U.S. Producer Price Index for January. Investors now await the U.S. February jobs report on March 6.

Intuit shares rose 3.7% to $409.03 Friday after the company forecast third-quarter adjusted earnings below analyst estimates, citing higher marketing and customer support spending. The stock had dropped 4% in after-hours trading Thursday before rebounding on heavy volume. Intuit reported second-quarter revenue up 17% to $4.651 billion and repurchased $961 million of stock. The company’s board approved a $1.20 per share dividend payable April 17.

Microsoft shares fell 2.24% to $392.74 Friday, capping a weak February for big tech. OpenAI announced a $110 billion fundraising round, keeping Microsoft as its exclusive API cloud provider but adding Amazon as a key partner. The S&P 500 dropped 0.43% and the Nasdaq lost 0.92%. Markets reopen Monday with Iran tensions and U.S. jobs data in focus.

Warner Bros. Discovery shares closed down 2.2% at $28.17, nearly 9% below Paramount Skydance’s $31-a-share cash offer. Netflix said it would not raise its bid, and Paramount agreed to cover a $2.8 billion breakup fee owed to Netflix. California’s attorney general opened a review. Raymond James downgraded WBD to Underperform, citing reduced chances of a higher bid.