Dow went up 125, advancers over decliners better than 3-1 & NAZ slid back 48.  The MLP index rose 3+ to the 262s & the REIT index was off fractionally to the 377s.  Junk bond funds remained slightly higher & Treasuries had minimal buying, reducing yields.  Oil remained flattish in the high 76s & gold was off 5 to 2033 (more on both below).

AMJ (Alerian MLP Index tracking fund)

Monetary, fiscal policy divide pose risks: NABE

ARM (ARM) rose again, extending last week's rally as investors continue to applaud the chipmaker’s better-than-expected 3rd-qtr earnings & its position in the artificial intelligence boom.  Arm is now up over 90% since it reported quarterly financials on Feb 8, though without any clear catalyst for today's move.  The stock is up 142% since its IPO in Sep & is now worth about $148B.  Last week, ARM said it could charge twice as much for its latest instruction set, which accounts for 15% of the company's royalties, suggesting it can expand its margin & make more money off new chips.  It also said it was breaking into new markets, such as cloud servers & automotive, due to AI demand.  Its royalty strength combined with ARM's optimistic growth forecast has made the company the latest AI darling among investors, despite a higher earnings multiple than Nvidia (NVDA) or AMD (AMD).  However, its value may become clearer next month when a 180-day lockup expires.  SoftBank (SFBQF) still owns 90% of the outstanding stock, meaning its stake in ARM has increased more than $61B since the company's report last week & is now worth upward of $131B.  ARM stock surged 33.76 (29%).

Arm shares jump 25% as post-earnings rally extends to second week

In the 24 years since JetBlue Airways's (JBLU) first flight, the New York-based airline has pushed the envelope for a carrier of its size.  Now, with some veteran exec hires & cost-cutting, it's trying to get back to basics.  JBLU was a pioneer in seat-back entertainment, free Wi-Fi, good snacks & a business-class cabin with lie-flat seats that debuted at lower prices than rivals.  More recently, it's ventured across the Atlantic with flights to London, Paris, Amsterdam & Dublin.  While JetBlue has never lacked big ideas, it has come up short on profits, cost control & reliability.  Those challenges will be top of mind for incoming CEO Joanna Geraghty when she takes the helm today, succeeding Robin Hayes.  Geraghty, 51, has been at JBLU for nearly 2 decades, most recently as pres & COO.  By naming her CEO, the company is promoting an insider who knows the complexities of running an airline with quirks like New York's congested airspace.  She's the first woman to lead a US passenger airline.  The stock rose 13¢.

JetBlue resets with new CEO, industry veterans to run on time, and profitably

Gold Closes Lower Ahead of Key US Inflation Data

WTI Crude Oil Closes With a Small Gain on Mideast Concerns

Dow Jones Industrials