U.S. Stock Futures Fall amid AI Concerns, January Wholesale Inflation Report

robot
Abstract generation in progress

U.S. stock futures fell on Friday morning as investors remain concerned about AI-led disruption to sectors like software and financials, as well as fears of an AI bubble. Even chip giant Nvidia’s NVDA -4.16% ▼ stellar earnings failed to lift investor sentiment. Meanwhile, investors reacted negatively to January’s producer price index (PPI) reading. The measure of wholesale inflation rose 0.5% (headline PPI) for the month, higher than the 0.3% expected by economists polled by Dow Jones. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) fell 1.00%, 0.92%, and 1.20%, respectively, at 8:45 a.m. EST on February 27.

Claim 50% Off TipRanks Premium

  • Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions

  • Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential

During Thursday’s regular trading, the three major indexes traded mixed. The S&P 500 and the Nasdaq Composite fell 0.54% and 1.18%, respectively, while the Dow Jones eked out a small gain of 0.03%. Friday marks the final trading day of February, a turbulent month that shook tech stocks amid fears of AI disruption.

Turning to trending stocks, Netflix NFLX +13.77% ▲ stock rallied 8.3% in Friday’s pre-market trading after the streaming giant decided not to raise its bid for Warner Bros. Discovery’s WBD -2.19% ▼ assets to match a new bid from Paramount Skydance PSKY +20.84% ▲ . Shares of PSKY were up 7.7% in reaction to the news.

Meanwhile, Block XYZ +16.82% ▲ stock rallied 20% after the fintech announced that it is laying off 4,000 employees. Also, the company issued a solid outlook for Q1 2026 and the full year. Dell Technologies DELL +21.93% ▲ stock surged 12%, driven by upbeat Q4 results. However, shares of cybersecurity company Zscaler ZS -12.17% ▼ tanked more than 11% after its Q2 FY26 deferred revenue and billings missed expectations.

Also, CoreWeave CRWV -18.51% ▼ stock dropped 12% as the AI-powered cloud company’s Q4 adjusted EBITDA lagged the Street’s estimates.

Disclaimer & DisclosureReport an Issue

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)