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(Bloomberg) -- As stocks stumbled in recent weeks, a cohort of Wall Street pros took solace as credit markets held firm and economic data proved benign.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureOn Thursday, neither offered

The Texas Stock Exchange (TSXE), still months away from winning regulatory approval to begin operations, said it hired senior exchange-traded funds executives from Cboe Global Markets and Nasdaq to win a share of trading in the $11 trillion U.S. ETF market. It announced on Thursday that Robert Marrocco, formerly global head of ETP, or exchange-traded products, listings at Cboe Global Markets, will take on the same role at TXSE and Alison Hennessy, the former head of ETP listings at Nasdaq, will become managing director of exchange traded products.

After being dealt blow after blow during Trump's trade war, markets finally found a reason to rise.

"The transition in the government that began in January impacted the timing of deal closures," CEO Daniel Dines said.

The S&P 500 dropped 1.4% on Thursday, March 13, 2025, falling into a correction for the first time since 2023 amid worries about the economy.

EV charging infrastructure provider Blink Charging (NASDAQ:BLNK) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 29.3% year on year to $30.18 million. Its non-GAAP loss of $0.15 per share was 6.3% above analysts’ consensus estimates.

Boutique fitness studio franchisor Xponential Fitness (NYSE:XPOF) reported Q4 CY2024 results topping the market’s revenue expectations, but sales fell by 7.7% year on year to $83.22 million. On the other hand, the company’s full-year revenue guidance of $320 million at the midpoint came in 6.6% below analysts’ estimates. Its non-GAAP loss of $0.19 per share was significantly below analysts’ consensus estimates.

US stock markets fell today on Wall Street as Donald Trump threatened to impose 200pc tariffs on French wine and alcoholic drinks.

Pangaea Logistics (NASDAQ:PANL) announced better-than-expected revenue in Q4 CY2024, with sales up 11.6% year on year to $147.2 million. Its non-GAAP profit of $0.16 per share was 5.9% below analysts’ consensus estimates.

Semiconductor company Semtech (NASDAQ:SMTC) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 30.1% year on year to $251 million. On the other hand, next quarter’s revenue guidance of $250 million was less impressive, coming in 2.5% below analysts’ estimates. Its non-GAAP profit of $0.40 per share was 25.6% above analysts’ consensus estimates.