Stock market today: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Feb. 23, 2026.
Brendan Mcdermid | Reuters
S&P 500 futures were relatively unchanged on Tuesday after a rough start to the final week of February’s trading.
Futures tied to the broad market index hovered around the flatline, while Nasdaq 100 futures gained 0.2%. Dow Jones Industrial Average futures added 60 points, or 0.1%.
Shares of AMD jumped 11% in early trading after Meta announced a multiyear deal with the semiconductor company. The new partnership entails deploying up to 6 gigawatts of AMD’s graphics processing units for artificial intelligence data centers. Meta will also invest in AMD through a performance-based warrant for up to 160 million shares of AMD.
The move comes a week after Meta said it’s using millions of Nvidia’s chips in its data center buildout. Shares of the AI chip darling were nearly 1% lower in the premarket.
Major averages fell Monday on renewed fears of AI disruptions to various industries. President Donald Trump’s threat to hike global tariffs to 15% and tensions between the U.S. and Iran also kept traders on edge.
A global 10% U.S. tariff took effect Tuesday. However, Bloomberg News reported, citing an administration official, that the White House was moving forward with a formal increase to 15%.
The 30-stock Dow on Monday closed lower by more than 800 points, dragged lower by a roughly 13% loss in IBM shares. The tech-heavy Nasdaq Composite declined 1.1%, while the S&P 500 shed about 1% and slipped into the red for the year.
Software stocks such as Microsoft and CrowdStrike were notable losers during the session, along with cybersecurity stocks and a slate of financial sector names.
Heading into Tuesday, traders will keep an eye on a key event hosted by artificial intelligence firm Anthropic, the company behind Claude. Anthropic is expected to make new product announcements and demonstrate Claude’s latest features. Anticipation of the event — and the additional disruption it could bring — contributed to declines in the software space on Monday.
“No one wants to get cute ahead of another AI product reveal,” said Mizuho traders in a note. “Every new Anthropic headline has been treated as ‘incremental competition’ for existing software, whether that’s fair or not. So instead of trying to game the outcome, investors are choosing to step aside.”
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