February closes lower for Wall Street after explosive statements from the co-founder of Block Rg-AJack Dorsey, on reduce staff and restructure operations. Without forgetting the publication of the producer price index for January and the underlying with 0.5% and 0.3% respectively. Which leaves the DOW JONES Ind Average, S&P 500 y NASDAQ 100 falling into a -1.05% to 48,977 points, -0.43% to 6,878 points and -0.92% to 22,668 points respectively.
Dorsey said he believes «most companies will come to the same conclusion and make similar structural changes» over the next year according to Yahoo Finance.
On the other hand, finally Paramount Skyd Rg-B has closed the purchase of Warner Bros. Discovery, Inc. after the withdrawal of Netflix.
this saturday Greg Abel, CEO of Berkshire Hathawaywill publish his first annual letter to shareholders after succeeding Warren Buffett. This will be published together with the quarterly update and the one corresponding to 2025 of the conglomerate, according to Yahoo Finance.
As technology stocks fell on fears of artificial intelligence, or AI, defensive actions have led the February market, with Public Services (XLU) going up about a 10% and recording the best month in the sector since 2003 according to Yahoo Finance.
Los basic consumer goods (XLP) rise about a 8%along with the constant earnings in Energy (XLE)which remains the sector with the best performance so far this year (up one 24%).
Completing defensive actions, Real Estate (XLRE) and Healthcare (XLV) rise about a 6% and 3%, respectively.
But tech stocks weren’t the only ones that had a bad month, three mega-cap sectors (Communication Services (XLC), Technology (XLK) and Consumer Discretionary (XLY)) They went down between a 2% and 4% in February, with the financial sector (XLF) in the lower part.
Among other economic data we had the February Chicago PMI with a 57.7 compared to the expected 52.0.
Among the winning actions we have a Netflix (+13.77% to 96.24 dollars), Dell Tech Rg-C (+21.82% to $147.95) and Merck&Co (+3.73% to $123.76)
Netflix climb after getting out of the race for Warner Bros. Discovery with Paramount Skydance. Which alleviates the fears that investors had regarding the debt that it should have faced if the acquisition was completed.
Dell goes up after reaching the fourth quarter and fiscal year 2026 a record annual result thanks to AI as we pointed out in a previous article.
Dell earned a Attributed net profit of 5,936 million dollars at the close of its fiscal year, which concluded last January, which represents an advance of 29% compared to what was recorded in the previous year, according to the company.
Los income of Dell in the fiscal year added a record of 113,538 million dollarsup 19%, including a 27% increase in sale of productsup to 90,405 million dollars. Although the billing for services decreased by 4%, with 23,133 million dollars.
Merck&Co rises after the announcement that the combination of KEYTRUDA and Padcev reduced the risk of event-free survival in 47% and death in 35% in patients with muscle-invasive bladder cancer eligible for cisplatin-based chemotherapyaccording to the results of the KEYNOTE-B15 Phase 3 trial pointed out by Investing.
The study evaluated the Perioperative treatment with KEYTRUDA plus Padcev versus neoadjuvant chemotherapy followed by surgery in 808 patients. After a median follow-up of 33.6 months, the combination treatment demonstrated a statistically significant improvement in event-free survival, the primary endpoint of the trial.
Approximately the 79.4% of patients treated with the combination were alive without disease progression or recurrence versus 66.2% of patients who received standard chemotherapy at two years. Median event-free survival was not reached for the combination arm compared to 48.5 months for the chemotherapy group.
Among the losing stocks we have Zscaler (-12.28% to 146.81 dollars), Apollo Glb Mgmt (-8.64% to $104.52) and American Express (-7.91% to $308.79)
ZScaler falls after the reduction of the target price on the part of TD Cowen from 260 to 220 dollars citing the market contractionalthough maintaining the recommendation of buy according to Investing.
The cloud security company reported strong results for the second quarter of fiscal year 2026 with a revenue growth of 26% year-on-year and a 25% annual recurring revenue growth. Data Security, AI and ZTE delivered solid performance during the quarter. He gross profit margin of the company is located in an impressive 77% for the last twelve months.
He TD Cowen analyst Shaul Eyalnoted that the guidance reflected healthy demand, consistent with the firm’s recent survey. The firm said Zscaler is accelerating platform innovations across three growth vectors: AI Security, Zero Trust Everywhere y Data Security Everywhere.
Apollo falls after concerns about his exposure to Market Financial Solutions Ltd.a British mortgage firm that collapsed this week according to Investing.
MFS creditors warned of a £930m ($1.3bn) deficit in the guarantees that back their loans. Zircon Bridging Ltd. y Amber Bridging Ltd.the companies that forced MFS into a British form of insolvency this week, accused the London-based firm of using the same assets as collateral for multiple loans.
American Express falls after Block’s Dorsey statements as we previously noted that impacted credit card stocks.
Los Oil futures WTI they go up a +3.19% to $67.29 and the Brent +3.26% at 73.15 dollars.
He Oro upload a +1.68% to $5,281 per ounce and the Plata +7.72% to $94.34.
The pair EURUSD upload a +0.14% a 1.1814.
Bitcoin falls a -2.68% to $65,722.
He US 10-year bond yield falls a -1.59% a 3.953 already 30 years -0.79% to 4,632.
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