Market Overview
▪ U.S. stocks fell across the board on Monday (February 23), with the three major indices experiencing a significant pullback after reaching historic highs in the previous trading session, indicating a profit-taking trend in the market.
The Dow Jones Industrial Average led the decline among major indices, closing down 1.66% at 48,804.06 points, temporarily departing from the high record set on February 10;
The S&amp;P 500 index followed suit, dropping 1.04% to 6,837.75 points, failing to maintain its upward momentum;
The Nasdaq also fell, with a decline of 1.13%, closing at 22,627.27 points.
Overall, after recently hitting consecutive phase highs, U.S. stocks faced collective pressure today, with all three major indices unable to break through upward in this trading session, indicating a short-term consolidation phase in the market.
Sector Performance
▪ The semiconductor sector showed mixed performance, with Nvidia (NVDA) rising 0.96% against the trend, as the company launched a new laptop chip targeting the MacBook, indicating its intention to enter the consumer PC market, despite potential reductions in its investment in OpenAI; Micron Technology (MU) fell 1.68%, despite an upward revision in EPS expectations, impacted by sector sentiment and profit-taking; AMD dropped 1.77%, mainly affected by billionaire David Tepper reducing his holdings and market concerns over an AI bubble.
▪ The automotive manufacturing sector collectively retreated, significantly impacted by tariff concerns and selling pressure on tech stocks. Tesla (TSLA) fell 2.91%, despite Musk's strong financial backing, as the uncertainty of Trump's tariff policy put pressure on the sector; Ford Motor Company (F) declined 2.64%, with macro concerns about trade tariffs driving up supply chain costs continuing to ferment; General Motors (GM) dropped 2.27%, as the market remained cautious ahead of its earnings report.
▪ The system software sector plummeted, with doubts about the return on high AI investments being a major suppressing factor. Microsoft (MSFT) fell 3.18%, as investors worried whether its rising AI capital expenditures could convert into revenue in the short term, and executive changes raised concerns; CrowdStrike (CRWD) plummeted 9.85%, with market worries that AI technology could weaken its competitive moat and that its valuation was too high; Oracle (ORCL) dropped 4.57%, as the &#34;Star Gate&#34; data center project stalled, impacting cloud service growth expectations.
Macroeconomic Background
▪ As of February 23, 2026, the core market speculation centers on a significant cooling of the labor market. January's non-farm payrolls added only 50,000 jobs, and the unemployment rate rose to 4.4%, raising concerns about a &#34;hard landing&#34; for the economy.
▪ Strong productivity growth has effectively reduced unit labor costs, alleviating inflationary pressures.
▪ Investors are currently highly focused on whether the Federal Reserve will accelerate interest rate cuts to seek a balance between curbing inflation and supporting employment, with macro data increasingly influencing market sentiment.
Popular Stocks
▪ Arcellx (ACLX.US) rose 77.43%, with a trading volume of $3.702 billion. Gilead Sciences proposed to acquire the company for $98 per share in cash, and both parties signed a support agreement, which is expected to accelerate the commercialization process of CAR-T therapies
▪ Tianrui Xiang (TIRX.US) rose 72.73%, with a transaction volume of $72.4829 million. The company is advancing its plan to acquire 15,000 bitcoins and is in the final stages of strategic merger negotiations with a Asia-Pacific insurance technology company, leading to a double boost in stock price.
▪ Signing Day Sports (SGN.US) rose 62.47%, with a transaction volume of $221 million. The company confirmed the advancement of its merger with BlockchAIn, integrating assets into its data center business, marking a strategic transformation towards AI infrastructure.
▪ Allurion Tech (ALUR.US) rose 60.55%, with a transaction volume of $228 million. The company's gastric balloon system received pre-market approval from the U.S. FDA, opening up the U.S. weight loss market, significantly boosting stock price.
Market Transaction Volume TOP10
▪ NVIDIA (NVDA.US) latest transaction price $191.64, up 0.96%, transaction volume $32.478 billion
▪ Tesla (TSLA.US) latest transaction price $399.83, down 2.91%, transaction volume $27.541 billion
▪ Microsoft (MSFT.US) latest transaction price $384.6, down 3.18%, transaction volume $16.582 billion
▪ SanDisk (SNDK.US) latest transaction price $666.49, up 2.54%, transaction volume $12.439 billion
▪ Amazon (AMZN.US) latest transaction price $205.3, down 2.29%, transaction volume $10.882 billion
▪ Micron Technology (MU.US) latest transaction price $420.97, down 1.68%, transaction volume $10.624 billion
▪ Apple (AAPL.US) latest transaction price $266.18, up 0.60%, transaction volume $9.866 billion
▪ Google -A (GOOGL.US) latest transaction price $311.49, down 1.11%, transaction volume $9.813 billion
▪ Palantir Tech (PLTR.US) latest transaction price $130.6, down 3.43%, transaction volume $6.783 billion
▪ Google -C (GOOG.US) latest transaction price $311.69, down 1.02%, transaction volume $5.51 billion

NVDA

U.S. stocks closed lower across the board on Monday, with all three major indices pulling back after reaching historic highs, led by a 1.66% decline in the Dow Jones Industrial Average. The market showed signs of profit-taking, with sector performance diverging. In the semiconductor sector, Nvidia rose 0.96% against the trend due to new product boosts, while AMD and Micron Technology fell with the market. The automotive and software sectors faced significant pressure, with Tesla down 2.91%, Microsoft down 3.18%, and CrowdStrike plummeting 9.85%. In individual stocks, Arcellx surged over 77% on acquisition news, while market attention shifted to cooling labor market conditions and expectations for Federal Reserve interest rate cuts

- On February 23, 2026, U.S. stocks declined significantly after reaching record highs, with the Dow dropping 1.66% to 48,804.06 and marking a market correction phase.  
- The semiconductor sector showed mixed performance, while the automotive and software sectors faced notable declines due to tariff concerns and doubts about AI investment returns.  
- In a noteworthy event, Arcellx surged 77.43% following a cash acquisition proposal from Gilead Sciences, emphasizing a major market movement.

Market Heartbeat

NVIDIA

Micron Tech

Tesla

Ford Motor

General Motors

Microsoft

CrowdStrike

Oracle

Arcellx

Tian Ruixiang

Signing Day Sports

Allurion Tech

TIAN RUIXIANG HOLDINGS LTD

U.S. stock market close | Three major indices pulled back, Tesla fell 2.91%, Nvidia rose 0.96% against the trend