Top Stock Movers in 2025: Novo Nordisk, Nvidia, Kroger Price Updates
Explore the latest stock market movers on March 7, 2025, with Novo Nordisk, Nvidia, Kroger, and others leading gains amid strong earnings and upcoming jobs data.
Bill McColl brings over 25 years of expertise as a senior producer and writer across TV, radio, and digital platforms, guiding teams of anchors, reporters, and editors to cover pivotal news stories of the era.
Highlights
- U.S. stocks climbed for the second consecutive day on March 7, 2024, boosted by impressive earnings reports and anticipation of Friday’s employment data.
- Shares of Novo Nordisk surged following encouraging results from its experimental daily obesity treatment pill, adding momentum to its Ozempic and Wegovy franchises.
- Kroger reported robust sales growth in its private label products and effective cost management, driving its shares higher.
On March 7, 2024, U.S. equities extended their rally with the Nasdaq rising over 1%, fueled by strong tech sector performance. The Dow Jones Industrial Average and S&P 500 also posted gains.
Novo Nordisk’s American depositary receipts (ADRs) jumped after unveiling promising data on a new daily pill targeting obesity, signaling potential market expansion.
Kroger’s stock benefited from better-than-expected earnings and optimistic future guidance, supported by increased demand for its private label brands and cost reduction initiatives.
Nvidia continued its winning streak with a fifth straight day of gains, propelled by surging demand for artificial intelligence (AI) technologies.
Freeport-McMoRan shares climbed for the second day as gold prices hit record highs and copper futures maintained upward momentum.
Dominion Energy’s shares rose following the completion of a $6.6 billion sale of its East Ohio Gas Company unit to Enbridge, whose shares also increased.
Victoria’s Secret shares declined sharply after issuing a weak outlook amid slowing North American sales.
Oil futures dipped slightly, the 10-year Treasury yield remained steady, and the U.S. dollar weakened against the euro, pound, and yen. Most major cryptocurrencies saw gains.
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