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Here's your closing bell brief for Tuesday, March 3rd. I'm Catherine Sullivan for the Wall Street Journal.

U.S. stocks finished lower today, but the indexes recovered from much deeper early losses. The Dow paired a drop of over 1,200 points to close down just 400 points or 0.8%. The S&P 500 fell 0.9%, and the NASDAQ was down 1%.

Middle East tensions drove global oil prices higher before a late-day moderation. Rising energy costs

also pushed treasury yields upward. Among individual companies, Target shares rose nearly 7%

even after the retailer posted lower quarterly profits. Investors are now awaiting a new turnaround

plan from the new chief executive. Best Buy stock jumped 7% following a report of strong

adjusted earnings. This gain came despite a disappointing outlook

and weak quarterly sales. Pinterest shares surged over 9%. Elliott Investment Management invested

$1 billion in the social media platform to help it repurchase shares. Zip Davis stock

soared 48% after the digital media and internet company agreed to

sell its connectivity division to Accenture for $1.2 billion. MongoDB shares fell over 22% after the

database company issued soft quarterly guidance. Investors are concerned that artificial intelligence could eventually

upend the company's core business. And CRETO technology shares dropped almost 15%. The data

center connectivity company issued guidance that failed to meet investor expectations.

Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.

We'll have a lot more coverage of the day's news on the WSJ's What's News podcast.

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