US Stocks Close the Week in the Red

2026-02-27 21:01 By Felipe Alarcon 1 min. read

The S&P 500 lost 0.4%, the Nasdaq lost 0.4%, and the Dow Jones tumbled 1.1% as a hot inflation report and a tech sector retreat pulled the major benchmarks into the red for February on Friday.

These hotter-than-expected figures suggested companies are passing tariff costs to consumers and complicating the path for Federal Reserve rate cuts.

Sentiment was further damaged by massive layoffs at Block and disappointing guidance from CoreWeave which sank 18.6%.

Nvidia extended its slide with a 4.1% drop as skepticism grew regarding the sustainability of AI capital expenditures by major tech firms.

While Dell surged 21.8% on record AI server demand and a massive buyback plan, financial heavyweights like Apollo and Jefferies fell 8.6% to 9.3% on private credit contagion fears.

Despite the volatility, February saw record corporate buyback authorizations of 233.3 billion dollars providing a floor for some large cap names.



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