Focus: USMarket Close: Tue, 24 February 2026
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US equities rebounded modestly as improved consumer confidence and a major AI chip deal between Meta and AMD lifted technology stocks from recent pressures. This came against a backdrop of Federal Reserve caution on interest rate cuts amid persistent inflation concerns.
The Nasdaq composite advanced following the announcement of Meta's substantial commitment to AMD's AI chips, supporting gains in software and services while broader indices like the S&P 500 and Dow Jones edged higher. Industrials and information technology sectors led the advance, contrasting with financials that continued to lag on a week-to-date basis, highlighting ongoing rotation away from rate-sensitive areas.
For investors, this uptick signals renewed optimism in AI-driven growth themes, potentially stabilizing tech-heavy benchmarks after prior selloffs, though elevated volatility and Fed restraint suggest limited upside without clearer inflation progress. On the signal front, Apple shows a Pending Medium-Term Reversal bullish setup, pointing to potential strength in megacap tech, while Amazon exhibits a Pending Medium-Term Reversal bearish indication amid mixed performances in the group. With upcoming earnings for names like Nvidia on the horizon, focus remains on whether corporate outlooks can sustain this momentum.
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| Q | Target | Δ% | Hit% | Chargepoint Hold (CHPT:XNYS) | ▲-5.7 | ↑ | 7.21 +14.1% 71% Neurocrine Biosc (NBIX:XNGS) ★ -6.9 141.25 +7.9% 78% Godaddy Inc-A (GDDY:XNYS) -9.1 99.88 +8.2% 76%
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Market News · AI-curated
| ●Consumer Confidence Improved In February |
The Wall Street Journal
●Fed's Goolsbee calls for a hold on cuts as current rate of inflation is 'not good enough'
CNBC
●Nvidia earnings report collides with Wall Street skepticism over AI spending
CNBC
●Nasdaq Bounces Back After AMD-Meta Deal on AI Chips
The Wall Street Journal
●Heard on the Street Recap: Meta Pivot
The Wall Street Journal
Market MovementsMarket Snapshot
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