--- title: "Dow Tumbles Over 700 Points; Dominion Energy Posts Upbeat Earnings" type: "News" locale: "en" url: "https://longbridge.com/en/news/276634378.md" description: "U.S. stocks fell sharply, with the Dow Jones dropping over 700 points, down 1.46% to 48,901.83. Dominion Energy reported strong Q4 earnings, exceeding estimates with operating earnings of 68 cents per share and total revenue of $4.093 billion. In equities, Tian Ruixiang Holdings surged 103% amid strategic discussions, while Gossamer Bio plummeted 84% after disappointing study results. Commodities saw oil down 0.3% and gold up 2.9%. European shares mostly declined, while Asian markets closed higher. Economic indicators showed improvement in the Chicago Fed National Activity Index and Dallas Fed manufacturing index." datetime: "2026-02-23T18:36:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276634378.md) - [en](https://longbridge.com/en/news/276634378.md) - [zh-HK](https://longbridge.com/zh-HK/news/276634378.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/276634378.md) | [繁體中文](https://longbridge.com/zh-HK/news/276634378.md) # Dow Tumbles Over 700 Points; Dominion Energy Posts Upbeat Earnings U.S. stocks traded lower midway through trading, with the Dow Jones index dipping more than 700 points on Monday. The Dow traded down 1.46% to 48,901.83 while the NASDAQ fell 1.03% to 22,650.14. The S&P 500 also fell, dropping, 0.95% to 6,843.89. Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings **Leading and Lagging Sectors** Consumer staples shares gained by 1.2% on Monday. In trading on Monday, financials stocks fell by 3.2%. **Top Headline** **Dominion Energy Inc.** (NYSE:D) on Monday reported fourth-quarter 2025 results that beat Wall Street estimates on both earnings and revenue and raised its five-year capital spending plan by about $15 billion to support surging data center demand. The company posted operating earnings, a non-GAAP measure, of 68 cents per share, exceeding the consensus estimate of 67 cents and up from 58 cents per share in the year-earlier quarter. Total operating revenue rose to $4.093 billion, surpassing the analyst estimate of $3.653 billion and increasing 20.38% from a year earlier. **Equities Trading UP**            - **Tian Ruixiang Holdings Ltd.** (NASDAQ:TIRX) shares shot up 103% to $0.089. Tian Ruixiang confirmed that it is in advanced and final-stage discussions for transformative strategic business combination with InsurTech operating across Asia-Pacific region. - Shares of **Arcellx, Inc.** (NASDAQ:ACLX) got a boost, surging 78% to $113.81 after the company announced it will be acquired by Gilead Sciences. - **Allurion Technologies Inc.** (NYSE:ALUR) shares were also up, gaining 70% to $1.84 after the company said that the FDA approved Allurion Gastric Balloon System Application. **Equities Trading DOWN** - **Gossamer Bio, Inc.** (NASDAQ:GOSS) shares dropped 84% to $0.33. The company announced topline results for the PROSERA Phase 3 Study of seralutinib in patients with PAH. - Shares of **United Homes Group, Inc.** (NASDAQ:UHG) were down 51% to $1.16 after the company agreed to be acquired by Stanley Martin Homes for $221 million. - **Abits Group Inc.** (NASDAQ:ABTS) was down, falling 23% to $2.89 after announcing a $2.1 million offering. **Commodities** In commodity news, oil traded down 0.3% to $66.26 while gold traded up 2.9% at $5,225.90. Silver traded up 5% to $86.420 on Monday, while copper fell 1.2% to $5.7705. **Euro zone** European shares were mostly lower today. The eurozone's STOXX 600 fell 0.45%, while Spain's IBEX 35 Index rose 0.56%. London's FTSE 100 fell 0.02%, Germany's DAX fell 1.06% and France's CAC 40 fell 0.22% during the session. **Asia Pacific Markets** Asian markets closed higher on Monday, with Hong Kong's Hang Seng index gaining 2.53% and India's BSE Sensex gaining 0.58%. **Economics** - The Chicago Fed National Activity Index surged to +0.18 in January from -0.21 in the previous month, recording marking its strongest level since February 2025. - The Dallas Fed's manufacturing index jumped to 0.2 in February compared to -1.2 in the previous month. Photo via Shutterstock ### Related Stocks - [Dominion Energy, Inc. (D.US)](https://longbridge.com/en/quote/D.US.md) - [Dow Jones Utility Average (.DJU.US)](https://longbridge.com/en/quote/.DJU.US.md) - [Dow Jones Industrial Average (.DJI.US)](https://longbridge.com/en/quote/.DJI.US.md) - [Tian Ruixiang Holdings Ltd. (TIRX.US)](https://longbridge.com/en/quote/TIRX.US.md) - [TIAN RUIXIANG HOLDINGS LTD (TIRXF.US)](https://longbridge.com/en/quote/TIRXF.US.md) ## Related News & Research - [Judge pushes back timeline for tariff refunds](https://longbridge.com/en/news/278394234.md) - [Here's how the U.S.-Iran war is already hitting consumers' pocketbooks](https://longbridge.com/en/news/278099684.md) - [December Factory New Orders Excluding Transportation Rise 0.4% Vs Expected 0.3% Gain, Prior 0.1% Increase](https://longbridge.com/en/news/276621570.md) - [How the Iran war could impact the US economy](https://longbridge.com/en/news/277832915.md) - [Trump Rocked by Shock Disastrous Economy Downturn](https://longbridge.com/en/news/278129422.md)