Wall St ends lower as tech rally stalls, AI fervor wanes after Nvidia results
By Stephen Culp and Ragini
Mathur
Thu February 26, 2026
Today provided a prime example of why shorting is risky. Though the market liked Nvidia’s numbers yesterday, taking a closer look today was not quite as impressed. As today’s expert put it, “It’s as simple as investors being levered long in Nvidia and short the AI disruption. When that failed to materialize in a large enough scale, they sold out their position, driving Nvidia down and pushing the stocks they were short back up.”
With Nvidia down 5.5% and the software index up 1.4%, there was once again a flight out of tech resulting in a nearly 300 point plunge in the Nasdaq and into a modest gain on the Dow. This snapped what would have been a record 11-week winning streak on the chip index. Unless Friday brings a big surprise, all three indexes are heading for a weekly loss and, for the month, the S&P and Nasdaq though the Dow may post an advance. At 19.55 billion, volume was close to the 4-week average of 20.31 billion.
DJ: 49,482.15 +307.65 NAS: 23,152.08
+288.40 S&P: 6,946.13
+56.06 2/25
DJ: 49,499.20 +17.05 NAS: 22,878.38
-273.69 S&P: 6,908.86
-37.27 2/26
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