The U.S. markets are now closed. The Nasdaq (-1.18%) declined on a backslide in semiconductors and other AI-adjacent stocks. Here’s the Nasdaq-100:
The S&P 500(-0.54%) also fell, owing to six sectors declining. Technology (-1.39%) saw the largest declines, while financials (+1.29%).
Meanwhile, the Russell 2000 (+0.52%) and Dow (+0.03%) rose.
Square and Cash App parent Block just jumped 18% after announcing it will lay off 40% of its workforce in a bet on AI.
After the closing bell, Warner Bros. Discovery called the new, upsized $31/sh offer from Paramount Skydance a “company superior proposal.”
In response, Netflix has declined to increase its bid, clearing the way for Paramount’s $111 billion offer.
Netflix jumped 11% on the news. Paramount jumped 10%.
The Nasdaq (-1.91%) is now down close to two percent on the day, while the S&P 500 (-1.08%), Russell 2000 (-0.79%), and Dow (-0.32%) are hitting day lows. 55.3% (3,076) issues are now in decline against 41.2% (2,291) advancing. With that, let’s turn our attention to the top and bottom 20 stocks in the market with at least a $2 billion market cap in our daily Midday Movers list:
The U.S. markets have been opened for a bit now. It has been a rough start to the morning, even though the majority of U.S. issues are advancing as of right now.
The Nasdaq (-1.67%) is off nearly two percent after Nvidia‘s (-3.5%) strong evening report last night. However, the company’s stock is dragging today, with a selloff in semi stocks taking shape on a plan involving Big Tech giants and ways they might collaborate to meet data center demands.
It’s also having an effect in the S&P 500 (-0.90%), Russell 2000 (-0.40%), and Dow (-0.13%), which are saddling more modest losses.
Meanwhile, the 10Y Treasury hit 4.01%, its lowest point since Nov. 28.
Leading declines today, the semiconductors portion of the index is beet red; Nvidia (-3.49%) appears to be the culprit.
In total, five sectors of the S&P 500 are up this morning, led by financials (+1.38%) and real estate (+0.40%). Declines in tech (-0.94%) and materials (-0.80%) are weighing the index down.
Before we kick off the trading day, here are today’s earnings and economic data to get acquainted with:
This story was originally published by TheStreet on Feb 26, 2026, where it first appeared in the Latest Business & Market News section. Add TheStreet as a Preferred Source by clicking here.
