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Muted Market Reaction After Nvidia Earnings
Tom White
February 26, 2026
U.S. stock futures are relatively flat ahead of the Wall Street open after a second day of gains for the major indices on Wednesday. The moves come after major tech earnings from Nvidia (NVDA), Salesforce (CRM) and Snowflake (SNOW) after the close yesterday. Nvidia shares are modestly higher after the chip giant posted a fourth-quarter earnings and revenue beat.
Salesforce slid 0.6% after the software company projected disappointing fiscal 2027 revenue estimates while Snowflake is relatively flat in choppy post earnings trading. Investor focus today will be on more earnings along with Jobless Claims data and the third round of talks between the U.S. and Iran.
Morning Movers
Snapshot (as of 7 AM ET)
Oil (/CL) – Oil prices are down 2% near $64.00 a barrel as U.S. crude inventories rose by the most in three years and signs of weakness in the physical oil market weighed on prices, while traders assess whether U.S.-Iran talks could avert a supply-threatening military conflict.
Gold (/GC) – Gold prices are down 0.7% near $5190 as uncertainty over U.S. tariff policy remains a concern, while investors awaited further details on U.S.-Iran talks later in the day.
Bitcoin (/BTC) – The Crypto Future is down over 1% near 68,200 in premarket trading.
VIX –The CBOE Volatility Index was down 8.3% on Wednesday and settled at 17.93 as stocks were higher.
U.S. Dollar (/DX) – The dollar is flat at 97.7
Biggest Premarket Movers (as of 7 AM ET)
Symbol | Product | Mark % Change (Winners) |
|---|---|---|
SJM | Smucker J M | +6.61% |
SNDK | SanDisk | +0.60% |
Q | Qnity Electronics | +2.62% |
WDC | Western Digital | +1.77% |
NVDA | Nvidia | +1.37% |
Symbol | Product | Mark % Change (Losers) |
|---|---|---|
TTD | The Trade Desk | -14.15% |
SNPS | Synopsys | -3.42% |
CRM | Salesforce | -2.76% |
MOS | The Mosaic | -1.78% |
FCX | Freeport- McMoRan | -1.29% |
Economic Data
Time | Event |
|---|---|
8:30 AM ET | Jobless Claims Retail/Wholesale Inventories |
10:00 AM ET | Fed’s Bowman Speaks |
10:30 AM ET | Natural Gas Inventories |
11:00 AM ET | Kansas City Fed Mfg. Index |
1:00 PM ET | 7-Year Note Auction |
4:30 PM ET | Fed Balance Sheet |
Notable Earnings
Premarket | Postmarket | Premarket Tomorrow | Postmarket Tomorrow |
|---|---|---|---|
GOLF, BIDU, CELH, CARS, LNG, QBTS, DCI, GIL, HTZ, HRL, IQ, SJM, DNUT, NXST, NVAX, PZZA, PENN, RXT, SRE, SHAK, FOUR, STLA, TD, VIPS, VST | AES, AMBA, ADSK, XYZ, CLOV, CTRA, CRWV, CPNG, DELL, DUOL, FLUT, INTU, MARA, MASI, MTZ, MNST, NTAP, PGNY, QXO, REAL, RKT, RKLB, SBAC, SOLV, SOUN, RUN, SG, WULF, ZS | AMR, CRI, DK, UUUU, GLP, GOGO, TAC | SQM |
Upgrades/Downgrades
Arete upgrades Spotify (SPOT) to Buy from Neutral
TD Cowen upgrades Nasdaq (NDAQ) to Buy from Hold
Truist upgrades U.S. Bancorp (USB) to Buy from Hold
Citizens downgrades C3 AI (AI) to Market Perform from Outperform
Loop Capital downgrades The Trade Desk (TTD) to Hold from Buy
JPMorgan downgrades Mosaic (MOS) to Underweight from Neutral
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