2026년 2월 26일 · Unknown · financial · 출처 Yahoo Finance
US stock futures nudged higher on Thursday as Nvidia's (NVDA) stellar earnings failed to wow investors, as Wall Street juggles growing worries over AI's potential for payoff and disruption.
Dow Jones Industrial Average futures (YM=F) moved up 0.3%, following solid wins for stocks more broadly on Wednesday. Contracts on the S&P 500 (ES=F) and the tech-exposed Nasdaq 100 (NQ=F) were little changed.
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Nvidia shares jumped following its after-hours report Wednesday, but pared gains to less than 1% amid a lukewarm response from investors. The AI chipmaker posted big beats on quarterly revenue and profit, and its guidance also came in above expectations. But a lack of detail on drivers for the outlook — which doesn't include potential revenue out of China — left some on Wall Street asking questions about competitive threats and the staying power of AI buildout demand.
Fears of a AI bubble and the "AI scare trade" have buffeted stocks in recent weeks, with the technology's challenge to sectors such as legacy software coming to the fore. Salesforce (CRM) shares fell about 4% to continue an AI-driven sell-off after its revenue forecast fell short of estimates.
Elsewhere in earnings, Big Three automaker Stellantis (STLA) posted a massive $26.billion full-year loss after an EV-related charge, but a better showing in the second half suggested the Jeep maker's turnaround bid is taking hold. Quarterly reports from Warner Bros. Discovery (WBD), Dell Technologies (DELL), and CoreWeave (CRWV) are also on Thursday's docket.
On the macro front, a weekly update on jobless claims due later provides a health check on the labor market, as investors wait for the January wholesale inflation reading on Friday to help evaluate the odds of an interest-rate cut.LIVE9 updates
10 mins ago
Karen Friar
Stock investors are hedging for a drop. Strategists see that as a buy signal.
From Bloomberg:
The S&P 500 (^GSPC) has been stuck in a range for the better part of four months, and investors are paying up to protect against the possibility that the next big move is down. To a growing number of strategists, that pessimism is cause to expect the opposite.
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The change in mood among investors, particularly the retail crowd, arrives as the S&P 500 has churned below 7,000 for most of the year, defying predictions that a breakout is imminent. There are, of course, reasons for the stagnation. Artificial intelligence tools have led to big selloffs in a variety of sectors, trade policies remain opaque and geopolitical tensions are high.
The swirl of negative inputs prompted investors to pile into derivatives that pay out if the S&P 500 suffers a steep loss. Put-call skew, which measures the cost of buying downside protection compared to placing upside bets, jumped to a two-year high last week. Normalized two-month skew on the S&P 500 is now near the upper end of its five-year range.
Generally, when sentiment moves so far in one direction, strategists start to sense a contrarian signal.
... The data back up that view. An indicator of investor leverage by BNP Paribas SA that tracks metrics including ETF flows and futures-focused hedge fund strategies has ticked to lows last seen in November. But counterintuitively, such pessimistic positioning can be a buy signal.
Read more here. 32 mins ago
Karen Friar
Stellantis reports massive $26.3 billion loss, but posts improving second half results as turnaround slowly begins
Yahoo Finance's Pras Subramanian reports:
Big Three automaker Stellantis (STLA) reported a massive full-year loss after taking a $26 billion EV-related charge, but saw improving second-half results, suggesting the company's turnaround under CEO Antonio Filosa may be working.
Stellantis — which counts brands like Ram, Jeep, Fiat, and Alfa Romeo in its product portfolio — reported second half net revenue of 79.25 billion euros ($93.47 billion), That was in range of the 78 billion to 80 billion euros ($91.87 to $94.23 billion) forecast, and 10% higher than the 71.86 billion euros ($84.64 billion) reported a year ago.
Stellantis posted a second-half adjusted operating income loss of 1.38 billion euros ($1.63 billion), also in range of the 1.2 billion to 1.5 billion euros ($1.41 billion to 1.77 billion) forecast. That was a reversal of the 185 million euro ($218 million) gain reported in the second half of 2024, which itself was a massive drop compared to the 10.2 billion euro ($12 billion) profit reported in 2023.
... For the full year, Stellantis reported a net loss of 22.3 billion euros ($26.3 billion), due to 25.4 billion euros ($29.96 billion) of "unusual charges," the company said.
Stellantis stock was little changed in premarket trade in New York.
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Read more here. 40 mins ago
Karen Friar
Trump pushed for lower gas prices and got them. The oil industry is paying the price.
Yahoo Finance's Jake Conley reports:
During his State of the Union address on Tuesday night, President Trump touted an energy industry strengthened by the success of his "Drill, baby, drill" policy, a dual mandate of more hydrocarbon drilling and lower gas prices.
A year into Trump's second term, oil and gas production is at or near all-time highs, and gasoline prices average below $3 per gallon nationally.
But for the US oil and gas industry, the president's ambitions have come at a cost.
"Capital efficiencies and returns drive our investment decisions," said an oil and gas operator responding to the Dallas Federal Reserve's fourth quarter energy survey.
"If economic conditions worsen, drilling …