US Markets Closed for Presidents’ Day as Global Stocks Rally on Cooling Inflation

Market Overview - The U.S. stock market is closed on February 16, 2026, for Presidents' Day, while global markets show a positive tone with U.S. stock futures indicating optimism [1] - International indexes reacted positively to cooling U.S. inflation data, with Australia's S&P/ASX 200 up 0.22%, India's NIFTY 50 up 0.83%, and European markets also opening higher [2] Futures Market - U.S. futures indicate a positive start for Tuesday, with S&P 500 and Dow Jones Industrial Average futures both rising 0.4%, supported by a CPI report showing headline inflation at 2.4%, the lowest since early 2021 [3] Upcoming Market Events - Investors are preparing for significant economic data and corporate earnings, with the Federal Reserve's January meeting minutes to be released on Wednesday, focusing on potential rate cuts [4] - The Bureau of Economic Analysis will release the advance estimate for Q4 GDP on Friday, with an expected annualized growth rate of 3%, down from 4.4% in Q3 [5] - Key earnings reports include Walmart on Thursday, Palo Alto Networks and Energy Transfer on Tuesday, and Occidental Petroleum and Booking Holdings on Wednesday [6] Major Stock News - Rivian Automotive shares surged over 26% following a new electric vehicle partnership and analyst upgrades, while Constellation Brands' stock fell 8% due to a leadership transition [7] - Nvidia shares dropped 2.2% amid concerns over AI capital expenditures, with other tech giants like Apple, Microsoft, and Google also facing pressure [8] - Coinbase Global shares increased by 16.5% after a strong quarterly update and a significant share buyback program [9] Commodities - Gold prices consolidated above $5,000 per ounce, driven by a softer inflation outlook and a weakening U.S. dollar [9]