U.S. inflation pressures remain stubborn, and the three major U.S. stock indices all declined

Wallstreetcn
2026.02.20 14:32

The inflation indicator most favored by the Federal Reserve exceeded expectations, with GDP growth in the fourth quarter only at 1.4%. The Dow Jones Industrial Average fell 0.39% in early trading, the S&P 500 index dropped 0.35%, and the Nasdaq fell 0.51%. Most star tech stocks declined, with NVIDIA down nearly 1% and Apple down 0.8%; Google rose 0.7% after releasing Gemini 3.1 Pro, which doubled its core inference performance