Morning Preview: February 25, 2026
Early Look
U.S. futures are indicating a higher open following strong gains on Tuesday. The S&P 500 is approaching the 6,900 level, with a rebound in tech stocks after a recent selloff in software names. Investors are particularly focused on upcoming earnings reports from Nvidia (NVDA), Salesforce (CRM), and Snowflake (SNOW), as they reassess elevated tech valuations and scrutinize AI-related capital spending by hyperscalers. A relief rally in software and cybersecurity stocks was sparked by AI startup Anthropic's introduction of new enterprise capabilities on its Claude Cowork platform, which allows integration with corporate applications.
Market Performance
Futures
- Dow: +108.00 (0.22%) - Last: 49,344
- S&P 500: +18.25 (0.26%) - Last: 6,921
- Nasdaq: +88.50 (0.35%) - Last: 25,117
Market Closing Prices Yesterday
- S&P 500 Index: +52.32 points (0.77%) - 6,890.07
- Dow Jones Industrial Average: +370.44 points (0.76%) - 49,174.50
- Nasdaq Composite: +236.41 points (1.05%) - 22,863.68
- Russell 2000 Index: +31.32 points (1.19%) - 2,652.31
Economic Calendar for Today
- 7:00 AM ET: MBA Mortgage Applications Data
- 10:30 AM ET: Weekly DOE Inventory Data
- 1:00 PM ET: US Treasury to sell $70B in 5-year notes
Earnings Calendar
Earnings Before the Open: A variety of companies including ACHC, ALKS, and others.
Earnings After the Close: Notable companies include NVDA, CRM, SNOW, and many others.
World News
Switzerland may face negative inflation in the coming months, but the Swiss National Bank remains focused on medium-term price developments. Meanwhile, Susan Collins from the Federal Reserve Bank of Boston indicated that interest rates are likely to remain unchanged as the labor market improves and inflation risks persist.
Sector News Breakdown
Consumer
Camping World reported a Q4 adjusted EPS of -$0.73, while Cava Group exceeded expectations with a Q4 EPS of $0.04. Lowe’s also reported strong earnings, but provided weak guidance for FY26.
Energy
EOG Resources reported a Q4 adjusted EPS of $2.27, while First Solar missed expectations with a Q4 EPS of $4.84. Matador Resources and Range Resources also reported their earnings, with varying results.
Financials
Circle Internet reported a Q4 EPS of $0.43, significantly above estimates, while CoStar Group also beat expectations with a Q4 adjusted EPS of $0.31.
Healthcare
BridgeBio Pharma reported a Q4 EPS of -$1.00, missing estimates, while Jazz Pharma exceeded expectations with a Q4 adjusted EPS of $6.64.
Technology, Media & Telecom
Alibaba announced new offerings in its cloud unit, while ASML highlighted the AI boom as a key driver for demand. Oracle received an upgrade from Oppenheimer.
Conclusion
The market is poised for a positive start as investors await key earnings reports and economic data. The focus remains on the tech sector and its valuation amidst ongoing developments in AI and capital spending.