Live Markets: Wall Street wobbles with Nasdaq weak as Nvidia weighs

Wisdomtree

26/02/2026 15:22

Nasdaq slides >1.5%, S&P 500 declines >1%, Dow dips

Financials lead sector gainers, technology leads losses

Euro STOXX 600 index falls ~0.1%

Dollar up slightly; gold edges down; bitcoin falls ~2%, crude falls

US 10-Year Treasury yield dips to ~4.02%

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WALL STREET WOBBLES WITH NASDAQ WEAK AS NVIDIA WEIGHS

Wall Street indexes are lower early on Thursday with the tech-heavy Nasdaq composite .IXIC falling more than 1.5% as AI chipmaker Nvidia NVDA.O is down and the rest of the semiconductor space is also losing ground.

 Nvidia posted better-than-expected results for the January quarter late on Wednesday and forecast current-quarter revenue above market estimates, betting on Big Tech's unabated spending on its artificial-intelligence processors. Asked on its conference call if Nvidia was looking to give back to shareholders some of the $100 billion cash it was likely to generate this year,  Nvidia Chief Financial Officer Colette Kress said the company wanted to keep investing in the AI ecosystem.

Among the S&P 500's 11 major industry indexes just four are gaining ground, while technology .SPLRCT is the biggest loser. The Philadelphia Semiconductor index .SOX is off more than 4%. In contrast, recently beaten down software stocks .SPLRCIS are mounting a rally,  up more than 1% so far.

The biggest sector gainer is financials .SPSY, up 1.4%.

On the data front, the number of Americans filing new applications for jobless benefits increased marginally last week and the unemployment rate appeared to hold steady in February amid a stable labor market.

Federal Reserve Governor Stephen Miran said strong job growth in January was "a really good thing," but that the Fed should still cut a full percentage point from its policy rate this year because there were still risks to the labor market while inflation was no longer a problem.

Here is a morning snapshot:

(Sinéad Carew)

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EARLIER ON LIVE MARKETS:

    CHIP INDEX NEARS HISTORIC WINNING STREAK AS EQUIPMENT MAKERS LEAD CHARGE CLICK HERE

    BRITISH POLITICS NOT A THREAT TO RECENT GILT RALLY, SAY ING CLICK HERE

    MARKETS STILL UNDERPRICING PUBLIC-PRIVATE NUCLEAR PUSH - WISDOMTREE CLICK HERE

    TO SURVIVE A FRACTURED WORLD, DITCH THE OLD RULEBOOK CLICK HERE

UTILITIES AND INDUSTRIALS KEEP STOXX HIGH CLICK HERE

BEFORE THE BELL: EUROPEAN FUTURES STEADY, LOTS OF EARNINGS CLICK HERE

NVIDIA DELIVERS, BUT GOOD NO LONGER CUTS IT CLICK HERE

Wall Street indexes mixed https://fingfx.thomsonreuters.com/gfx/mkt/gdpzayrzjvw/Pasted%20image%201772118372607.png

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