Stock Market News·2026-02-26 21:07Market Overview - The U.S. stock market experienced a significant pullback on February 26th, 2026, driven by a "sell the news" reaction following Nvidia's earnings report, despite the results exceeding expectations [1] - The Nasdaq Composite fell 1.91% to approximately 22,710, while the S&P 500 declined 1.1% to near 6,870, and the Dow Jones Industrial Average showed more resilience, down only 0.32% at 49,322 [2] Tech Sector Performance - Nvidia reported quarterly revenue of $68.13 billion, a 73% year-over-year increase, and earnings per share of $1.62, but its stock fell 5.3% as the results were already priced in [3] - The decline in Nvidia triggered a sector-wide selloff in semiconductors, with Broadcom down 6.5%, AMD down 3.7%, and Micron Technology down 4.7% [4] - Other major tech stocks, including Apple and Microsoft, also finished in negative territory, while Tesla and Alphabet saw losses amid concerns over AI capital expenditures [4] Corporate Highlights - Salesforce was a notable performer, rising 3.2% after reporting stronger-than-expected quarterly profits and announcing a $50 billion share buyback program [5] - In the consumer sector, Celsius Holdings surged 15% after a 38% earnings surprise, capturing 20% of the U.S. energy drink market, while Shake Shack climbed 11.8% following an earnings beat [6] - Conversely, Baidu fell 3% despite beating estimates, as investors focused on declining sales in its core search business [6] Economic Indicators - The U.S. Department of Labor reported weekly jobless claims at 1.833 million for continuing claims, indicating a still-tight labor market [7] - Upcoming earnings announcements from Dell Technologies, Block, Intuit, and Rocket Lab are anticipated, with particular interest in Dell's results for insights on AI server demand [8] - The release of the Producer Price Index (PPI) data for February is expected to be a critical indicator of inflationary pressures [8]