From Nasdaq: 2025-02-26 14:51:29

Stock indexes are up today, with the S&P 500, Dow Jones, and Nasdaq all posting gains. Chip stocks are leading the charge, with Super Micro Computer, Axon Enterprise, and Intuit all seeing significant increases in stock prices. March E-mini S&P and Nasdaq futures are also up.

House Republicans passing a budget blueprint for tax cuts has boosted bond yields. Copper prices surged over 3% after President Trump signed an executive order on US copper imports. US weekly MBA mortgage applications fell, with 30-year fixed rates dropping.

T-notes are up slightly today, with yields down, as positive carryover from Tuesday’s consumer confidence report and European bond rally supports prices. Overseas stock markets are mixed, with the Euro Stoxx 50 and Shanghai Composite up, while Japan’s Nikkei fell.

Stock movers include Micron Technology, Nvidia, Marvell Technology, Broadcom, and Intel, all posting gains. Super Micro Computer, Axon Enterprise, ZoomInfo Technologies, Intuit, and Workday Inc also saw notable increases. Grocery Outlet, Molina Healthcare, and AppLovin are among the top losers.

Health insurance stocks are down after news of potential Medicare Advantage plan oversight. AppLovin, Maplebear, and Zeta Global Holdings are also in the red. Keysight Technologies reported lower-than-expected Q1 orders. Earnings reports for 2/26/2025 include NVIDIA Corp, Salesforce Inc, and more.



Read more at Nasdaq: Stocks Climb Ahead of Nvidia’s Earnings Results