Stock market today: Dow, S&P 500, Nasdaq futures falter as US GDP cools, Fed-favored PCE inflation heats up

1 month ago 14

Updated Fri, February 20, 2026 astatine 8:02 AM CST 1 min read

US banal futures slid connected Friday arsenic investors digested economical information that showed US economical maturation cooling successful the 4th quarter, portion the Fed's favored ostentation gauge heated up to extremity past year. Wall Street besides kept an oculus retired for US-Iran tensions, backstage recognition jitters, and a imaginable Supreme Court tariff decision.

Contracts connected the S&P 500 (ES=F) moved down astir 0.3%, portion Dow Jones Industrial Average futures (YM=F) fell 0.2%, coming disconnected the extremity of a three-day winning streak connected Thursday. Nasdaq 100 (NQ=F) futures led the mode down, falling 0.5%.

CME - Delayed Quote USD

6,858.50 -18.50 (-0.27%)

As of 9:10:16 AM EST. Market Open.

ES=F NQ=F YM=F

Wall Street learned Friday that US economical maturation cooled past quarter, coming successful astatine 1.4%, acold down forecasts. Meanwhile, "core" idiosyncratic expenditures scale — the Fed's preferred gauge of ostentation — showed signs of accelerating past month, rising much than economists expected connected a monthly and yearly basis

At the aforesaid time, Wall Street is connected alert for accent successful the backstage recognition sector, aft Blue Owl's (OBDC, OWL) halt to withdrawals. Fears are the determination is simply a "canary successful the ember mine" fiscal crisis-style infinitesimal amid concerns astir the sector's holdings of bundle stocks threatened by AI. Blue Owl shares continued to autumn successful premarket aft it sold $1.4 cardinal successful backstage loans, including to the lender's ain insurer.

Investors are besides keyed into whether the Supreme Court volition onslaught down Trump's "Liberation Day" tariffs connected Friday, arsenic a determination is possible. A big of outcomes remains possible, with possibly the lone certainty for investors being that markets volition react, careless of however the determination goes.

LIVE 9 updates

  • Brian Sozzi

    For what it is worthy connected this GDP report....

    I inactive deliberation the beardown net study retired of Walmart (WMT) yesterday is simply a amended proxy connected the system close present than a authorities GDP report.

    I got nary denotation (nor saw immoderate successful the net report) successful my chat beneath with Walmart CFO John David Rainey the concern has slowed astatine all:

  • Jake Conley

    Fed's favored ostentation gauge ticks up 0.4% successful December, successful motion ostentation remains sticky

    Prices roseate by 0.4% successful December implicit the erstwhile month, marking an summation from the erstwhile month, according to Personal Consumption Expenditures scale information released Friday by the Bureau of Economic Analysis.

    The maturation exceeded economists' expectations of 0.3%, according to Bloomberg's statement estimates.

    So-called "core" PCE, which excludes the much volatile nutrient and vigor categories, besides roseate 0.4% connected the month, a measurement up from the erstwhile month's 0.2% growth. Economists had predicted that the Federal Reserve's preferred ostentation measurement would emergence by 0.3%.

    On an yearly basis, the header and halfway PCE terms indexes roseate 2.9% and 3.0%, respectively, successful December from the erstwhile year, besides somewhat supra economist estimates for the 2 gauges.

    Meanwhile, idiosyncratic income remained consistent, rising 0.3% successful December connected a monthly basis, successful enactment with the erstwhile month's maturation and matching economist expectations.

    Personal spending accrued 0.4% from past month, coming successful supra expectations of 0.3% but falling beneath the erstwhile month's maturation of 0.5%.

  • Myles Udland

    US GDP maturation disappoints, Trump blames authorities shutdown

    The US system grew astatine a slower gait than expected successful the 4th fourth of 2025.

    New information from the Bureau of Economic Analysis connected Friday showed the system grew astatine an annualized complaint of 1.4% successful the last 3 months of 2025. Economists had expected GDP to turn astatine an annualized complaint of 2.9% successful the 4th quarter.

    In a station connected Truth Social up of the report, President Trump said the authorities shutdown that lasted 43 days backmost successful the autumn outgo the US system "at slightest 2 points successful GDP." The president besides again called for little involvement rates.

    In its release, the BEA said, "Compared to the 3rd quarter, the deceleration successful existent GDP successful the 4th fourth reflected downturns successful authorities spending and exports and a deceleration successful user spending that were partially offset by an acceleration successful investment."

    Underlying spending trends, however, remained solid, with existent last income to backstage home purchasers — the sum of user spending and gross backstage fixed concern — expanding 2.4 percent successful the 4th quarter, compared with an summation of 2.9 percent successful the 3rd quarter.

    Friday's study had been acceptable for merchandise connected Jan. 29, but information postulation was delayed by the shutdown that covered each of October and parts of November.

  • Jenny McCall

    Chemours banal falls aft reporting $47M nonaccomplishment successful Q4 earnings

    Chemours Co. (CC) banal slumped 9% earlier the doorbell connected Friday aft reporting a nonaccomplishment of $47 cardinal successful its 4th fourth earnings.

    The AP reports:

    Read much here.

  • Jenny McCall

    Grail banal sinks aft crab proceedings results neglect to impressment investors

    Grail (GRAL) banal sank implicit 40% earlier the doorbell connected Friday aft the healthcare company's crab proceedings results failed to impressment investors.

    Barron's reports:

    Read much here.

  • Jenny McCall

    Premarket trending tickers: Chemours, Live Nation, and AppLovin

    Chemours (CC) fell 9% during premarket trading connected Friday aft reporting a nonaccomplishment successful its 4th fourth net and a dip successful revenue. This was driven by a driblet successful its titanium technologies and precocious show materials businesses.

    Live Nation (LYV) stock roseate much than 3% earlier the doorbell connected Friday aft the summons supplier posted an 11% summation successful fourth-quarter gross to $6.31 billion, driven by a 12% summation successful performance sales.

    AppLovin's (APP) banal jumped 5% during premarket hours connected Friday aft the merchandise of its 4th fourth net and the company's program to motorboat a societal networking platform.

  • Nvidia is moving successful connected Intel and AMD’s location turf

    Beyond the splashy AI spot news, there's thing other worthy a deeper look successful the stepped-up information halfway concern agreed by Nvidia (NVDA) and Meta (META) this week.

    The statement volition besides spot Meta rotation retired Nvidia Grace CPU-only servers successful its information centers, the archetypal large-scale deployment of the chips. It's portion of Nvidia's CPU play — and that could ringing alarm bells for Intel (INTC) and AMD (AMD).

    Yahoo Finance's Daniel Howley writes:

    Read much here.

  • Jenny McCall

    Opendoor banal rallies connected 46% leap successful location acquisition volume

    Opendoor's (OPEN) banal jumped 14% successful premarket trading connected Friday aft the institution reported that location purchases roseate 46% 4th implicit quarter. Revenue reached $736 million, surpassing Wall Street estimates of $576.94 million.

    The integer existent property institution posted a 4th fourth nonaccomplishment of $1.26 per share, missing analysts' estimates.

    Investing.com reports:

    Read much here. 

  • OpenAI and Nvidia successful last negotiations for $30B investment

    Reuters reports:

    Read much here.

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