Wall St notches monthly declines on combined AI, tariff, geopolitical uncertainty
By Stephen Culp and Ragini
Mathur
Fri February 27, 2026
Once again it was that trifecta of angst over AI, tariffs and geopolitical disruptions that triggered another massive selloff. But it was more than just the usual uncertainty but the PPI data showing inflation had increased by more than twice the estimate and putting the odds of no March rate cut at very close to 100%. Both the Nasdaq and S&P ended the month down with their biggest percentage declines in a year.
The Dow was up modestly for the month notching its 10th straight month of gains against this flight from tech to defensive sectors. On the bright side, Q4 has been excellent, on track to a whopping 14% gain in earnings, a very impressive earnings season. In a risk-off environment, naturally the defensive sectors of consumer staples, healthcare, and utilities were the big outperformers. Volume came in at 20.85 billion, just a tad more than the 20.19 average.
DJ: 49,499.20 +17.05 NAS: 22,878.38
-273.69 S&P: 6,908.86
-37.27 2/26
DJ: 48,977.92 -521.28 NAS: 22,668.21
-210.17 S&P: 6,878.88
-29.98 2/27
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