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Tech Sell-Off Deepens as Hot Inflation Data and AI Skepticism Rattle Wall Street
Stock Market News· 2026-02-27 19:07
U.S. equity markets are facing significant downward pressure this Friday, February 27th, 2026, as a combination of surprisingly hot inflation data and a cooling sentiment toward artificial intelligence (AI) heavyweights weighs on investor confidence. In afternoon trading, the major indexes are struggling to find a floor, with the tech-heavy Nasdaq leading the retreat.Major Market Indexes and Afternoon PerformanceAs of mid-afternoon, the S&P 500 (SPX) is trading down approximately 0.7%, hovering around the 6 ...
Market Digest: CHKP, DVN, FIS, HPQ, INCY, NVDA, PKG, PM, BUD, AXON
Yahoo Finance· 2026-02-26 12:07
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Stocks Muted Before the Open as Investors Digest Nvidia Earnings, U.S.-Iran Talks in Focus
Yahoo Finance· 2026-02-26 11:30
Kansas City Fed President Jeff Schmid on Wednesday repeated his concerns about inflation but stopped short of outlining how monetary policy should respond. “I think we have work to do on the inflation side of things,” Schmid said. “I think we’re in a pretty good place for employment,” he added. Also, St. Louis Fed President Alberto Musalem said he believes the current U.S. policy rate setting appropriately balances prevailing economic risks.In yesterday’s trading session, Wall Street’s three main equity ben ...
US Stock Market | Wall Street extends tech-powered rally as AI worries abate
The Economic Times· 2026-02-26 01:53
All three major U.S. stock indexes advanced, with the Nasdaq, powered by chips, enjoying the largest ‌percentage gain as markets ⁠near the ⁠end of a tumultuous month that was marked by concerns over massive investment in AI infrastructure and the extent to which it could disrupt myriad industries.Nvidia, at the forefront of the AI revolution, reported fourth-quarter revenue of $68.13 billion, beating analyst estimates. Its shares were up about 3% in extended trading.The Philadelphia SE Semiconductor index ...
Tech Rebound Lifts Wall Street as Investors Await Pivotal Nvidia Earnings
Stock Market News· 2026-02-25 22:08
The U.S. stock market is exhibiting strong bullish momentum this Wednesday, February 25, 2026, as investors aggressively position themselves ahead of what is widely considered the most critical earnings report of the season. The major indexes are trading firmly in the green, buoyed by a significant rebound in the technology sector and easing geopolitical tensions. Market participants are particularly focused on the artificial intelligence (AI) narrative, which has received a fresh boost from new corporate p ...
Stock Indexes Settle Higher on Strength in Tech
Yahoo Finance· 2026-02-25 21:32
Geopolitical risks remain a negative for stocks. Tuesday evening, President Trump said Iranian officials are "again pursuing their sinister nuclear ambitions," boosting speculation that the US may be preparing a military strike on Iran in the coming days. US-Iran nuclear talks are scheduled to resume on Thursday in Geneva, and Iranian Foreign Minister Araghchi said he saw a “good chance” of a diplomatic solution to the standoff over his country’s nuclear program. Last Friday, President Trump said that he’s ...
Wall Street Rallies Ahead of Nvidia Earnings | Closing Bell
Youtube· 2026-02-25 21:23
And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here, taking you through to the closing bell with a global simulcast. It starts right now.Carol Massar and Stenovec joining us from the radio room. Caroline Hyde, the co-host of B-tech joins us as well as we now drum beat to those results. Quarterly earnings out of the largest company in the world and probably at least for right now, the most consequential in video.Yeah, Nvidia and looking at it actually trading off its hig ...
Tech-Led Rally Lifts Wall Street Ahead of Nvidia and Salesforce Earnings
Stock Market News· 2026-02-25 21:07
Market Performance Overview - U.S. equity markets closed positively, with the Nasdaq Composite (^IXIC) rising approximately 1.1% to near 22,863, driven by semiconductor and software stocks [2] - The S&P 500 (^GSPC) gained 0.8% to end at 6,890.07, while the Dow Jones Industrial Average (^DJI) rose 0.4%, or about 210 points, to finish at 49,174.50 [2] Sector Performance - Nine of the eleven S&P sectors ended the day in the green, with Consumer Discretionary and Technology sectors being the top performers, while Health Care lagged [3] - The CBOE Volatility Index (VIX) decreased by 7% to 19.55, indicating reduced investor anxiety [3] Tech Giants and AI Momentum - Nvidia (NVDA) shares rose 2.2% ahead of its fourth-quarter results, with analysts predicting a nearly 70% year-over-year profit surge, focusing on the demand for its upcoming "Vera Rubin" AI platform [4] - Salesforce (CRM) saw a 4.1% increase in shares after announcing expanded enterprise AI integrations, reporting record fourth-quarter results with Remaining Performance Obligations (RPO) exceeding $72 billion, a 14% year-over-year increase, and a new $50 billion share repurchase program [5] - Snowflake (SNOW) reported fourth-quarter product revenue of $1.23 billion, up 30% year-over-year, but faced scrutiny over its fiscal 2027 guidance [6] Economic Data and Policy Developments - Consumer confidence rose to 91.2 in February, surpassing forecasts of 88.4, alongside positive labor market data showing private employment growth for four consecutive weeks [7] - The market reacted positively to President Trump's State of the Union address, noting the absence of new tariff threats and a proposal for a government-backed 401(k) match, although his call to ban institutional investors from buying single-family homes affected some real estate and financial services stocks [8] Major Corporate Movers - Axon Enterprise (AXON) surged 21.5% after reporting strong earnings driven by demand for AI-powered body cameras [9] - IBM (IBM) rallied 7% as investors reassessed its defensive positioning in the AI consulting market [9] - Lowe's (LOW) fell 4.5% despite beating earnings estimates due to management's warnings about uncertainty in the housing sector [13] - GoDaddy (GDDY) dropped 16% amid skepticism over its AI strategy despite a quarterly earnings beat [13] - Clear Secure (YOU) jumped 31.8% following a strong earnings report and an increase in its dividend [13]
Axon Stock Is Challenging Its 50-Day Moving Average. Should You Buy AXON on the Post-Earnings Rally?
Yahoo Finance· 2026-02-25 20:17
Axon Enterprise (AXON) stock is up more than 20% at the time of writing after the TASER maker posted a blowout Q4 release, adding it will more than double its revenue to $6 billion within three years. The post-earnings rally has AXON challenging a key resistance coinciding with its 50-day moving average (MA) on Feb. 25. A decisive break above $539 may accelerate upward momentum in the near term. Despite their meteoric run on Wednesday, Axon shares remain down some 18% versus their year-to-date high, pres ...
Wall Street Lunch: Microsoft, Nvidia, Uber Back Wayve's $1.2B Funding (undefined:NVDA)
Seeking Alpha· 2026-02-25 19:06
Funding and Valuation - Autonomous driving startup Wayve has raised $1.2 billion in a Series D funding round, bringing its valuation to $8.6 billion [2][3] Investment and Partnerships - The funding round included participation from major companies such as Microsoft, Nvidia, and Uber, as well as automakers like Mercedes-Benz, Nissan, and Stellantis [3] - Uber plans to invest additional milestone-based capital to support the global scaling of Wayve-powered robotaxi deployments, as part of a broader $1.5 billion package aimed at commercial rollout [3] Future Plans - Wayve intends to launch commercial robotaxi trials in 2026 and deploy supervised autonomy software in consumer vehicles starting in 2027 [3] - CEO Alex Kendall emphasized the goal of building a total addressable market that encompasses every vehicle, aiming to create an autonomy layer that can power any vehicle globally [4] Industry Trends - Uber is expanding into the eVTOL space with Uber Air, allowing users to book all-electric air taxi rides through the Uber app, in collaboration with Joby Aviation [4][5]