Stock futures were poised for a lower open ahead of a wholesale inflation reading Friday, while Nvidia shares pointed sharply higher after sinking yesterday.
Dow Jones Industrial Average, S&P 500, and Nasdaq 100 futures were down a respective 0.7%, 0.5%, and 0.5% in recent trading.
Yesterday, the tech-heavy Nasdaq and benchmark S&P 500 finished down 1.2% and 0.5%, respectively, as Nvidia (NVDA) shares sank 5.5%. The world’s most valuable company was the worst-performing stock in both indexes even though it reported blockbuster results after the bell Wednesday. Nvidia shares pointed 7.5% higher before the bell Friday.
The Nasdaq and S&P 500 were down a respective 2.5% and 0.4% in February entering the final trading day of the month. The blue-chip Dow, which ended fractionally higher Thursday, is up 1.2% for February and aiming for its 10th straight monthly gain.
Investors will be watching a reading on wholesale inflation set to be released at 8:30 a.m. ET Friday. The Producer Price Index data follows recent consumer inflation reports that showed price pressures easing more than economists anticipated. The 10-year Treasury yield, which influences interest rates on a variety of consumer loans including mortgages, slipped to 3.99% ahead of the reading from Thursday’s close around 4.01%.
Shares of Netflix (NFLX) soared 8% in premarket trading Friday, a day after the streaming giant announced it wouldn’t match Paramount Skydance’s revised bid to acquire all of Warner Bros. Discovery (WBD) for $31 a share. Shares of David Ellison-led Paramount (PSKY) popped 9%, while those of WBD slipped 2%.
Block (XYZ) shares soared 18% after the Square and Cash App parent said it plans to slash 40% of its workforce, which founder Jack Dorsey wrote in a shareholder letter accompanying its earnings report was due to advancements in “intelligence tools.”
In post-earnings moves, shares of Dell Technologies (DELL) surged 11%, CoreWeave (CRWV) dropped 11%, Zscaler (ZS) retreated 9%, and Intuit (INTU) fell 3.5%.
Bitcoin was trading around $66,600, down from overnight highs above $68,200. The U.S. dollar index, which tracks the value of the greenback against a basket of currencies, edged 0.1% lower to 97.74.
Gold futures were little changed at just below $5,200 an ounce, while silver futures advanced 3% to above $90 an ounce. West Texas Intermediate futures, the U.S. crude oil benchmark, rose nearly 2% to $66.45 a barrel.
February 27, 2026 07:06 AM EST
Netflix Shares Surge After Dropping WBD Bid; Winning Suitor Paramount Pops as Well
FROM 16 minutes ago
Netflix decided not match Paramount Skydance’s offer for Hollywood giant Warner Bros. Discovery. Investors of both bidders are cheering the news.
Shares of Netflix (NFLX) soared 8% in premarket trading Friday, a day after the streaming giant announced it wouldn’t match Paramount’s revised bid to acquire all of Warner Bros. Discovery (WBD) for $31 a share. Shares of David Ellison-led Paramount (PSKY) popped 9%, while those of WBD declined 2%.
“We believe we would have been strong stewards of Warner Bros.’ iconic brands, and that our deal would have strengthened the entertainment industry and preserved and created more production jobs in the U.S.,” Netflix co-CEOs Ted Sarandos and Greg Peters wrote yesterday. “But this transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price.”
Earlier Thursday, WBD wrote that its board concluded Paramount’s increased offer to acquire the entire company was a “Company Superior Proposal” to its deal with Netflix, announced in December, for the streamer to acquire Warner Bros., consisting of its film and television studios, its HBO Max streaming service, and HBO.
WBD said yesterday that Netflix would have four business days to propose revisions to their merger agreement “so that the PSKY proposal would cease to constitute a “‘Company Superior Proposal,'” but Netflix elected to bow out of the race.
Justin Sullivan / Getty Images
February 27, 2026 06:20 AM EST
Stock Futures Fall Ahead of Inflation Reading
FROM 1 hr 1 min ago
Futures contracts connected to the Dow Jones Industrial Average pointed up 0.6%.
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S&P 500 futures were up 0.4%.
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Nasdaq 100 futures were 0.3% higher.
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