Live Nasdaq Composite: Markets in Freefall on Tech, Economy Jitters

By Gerelyn Terzo Updated Feb 27, 12:13PM EST · Published Feb 27, 10:16AM EST

Quick Read

PPI excluding food and energy rose 0.8% last month versus 0.3% expected, triggering broad market declines.
OpenAI secured $110B in new funding from Amazon, Nvidia and Softbank. Amazon invested approximately $50B.
Dell jumped 18% on bullish AI server revenue outlook while CoreWeave fell 17% on its $30B capex plan.
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Live Updates

UBS Bullish on Tech

Feb 27, 2026 at 12:13 PM EST

While UBS has a bearish view on the broader stock market, the firm remains bullish on pockets of tech. Most recently, UBS analysts have upgraded shares of AI-powered data analytics platform Palantir Tech (Nasdaq: PLTR) to “buy” from “neutral” with a $180 price target. PLTR stock has tumbled by over 20% year-to-date.

Biggest Losers

Feb 27, 2026 at 11:11 AM EST

Some of today’s biggest losers in the stock market sell-off include:

United Airlines (Nasdaq: UAL) down 8%.

Apollo Global (NYSE: APO) down 6.9%.

American Express (NYSE: AXP) down 6.7%.

Synchrony Financial (NYSE: SYF) down 6.1%.

UBS Bearish on America

Feb 27, 2026 at 10:16 AM EST

UBS is pumping the brakes on U.S. stocks. The bank’s top equity strategist, Andrew Garthwaite, trimmed his view on American equities to “benchmark” in a fully invested global portfolio, citing a softer dollar, elevated valuations and policy uncertainty out of Washington.

According to Garthwaite, the same forces that fueled years of U.S. market growth are beginning to lose momentum, raising questions about whether leadership can persist at current valuations.

This article will be updated throughout the day, so check back often for more daily updates.

The markets are sinking across the board as traders and investors run for the exits on technology and inflation-related fears. All three of the major stock market averages are suffering steep declines, including a 1% drop in the Nasdaq Composite alongside a nearly 2% decline in the Russell 2000 index comprised of small-cap names. The Dow Jones Industrial Average is reeling by 750 points, or 1.5% while the broader market is lower by 0.85%, pressured by tech stocks.

Signs of inflation rearing its head once again have weighed on market sentiment, as the latest wholesale inflation data came in hotter than expected. The PPI index, excluding food and energy, climbed higher by 0.8% last month compared with economist estimates for a much cooler 0.3% and on the heels of a 0.6% increase in December.

Here’s a look at where things stand as of morning trading:

Dow Jones Industrial Average: 48,818.54 Down 680.66 (-1.38%)
Nasdaq Composite: 22,680.72 Down 199.66 (-0.86%)
S&P 500: 6,860.29 Down 47.57 (-0.69%)

Market Movers

Despite the market jitters, Big Tech companies are continuing to advance their AI agendas. OpenAI, the company behind ChatGPT, has secured its latest funding round, attracting $110 billion to its coffers from the likes of Amazon (Nasdaq: AMZN), Nvidia (Nasdaq: NVDA) and Japan’s Softbank. Amazon’s investment alone is in the ballpark of $50 billion.

Netflix (Nasdaq: NFLX) is a rare gainer, tacking on 8% in today’s otherwise gloomy market. Netflix has removed itself from the Warner Bros. bidding, leaving the deal in Paramount’s hands. Apparently investors found that acquisition overly risky to begin with.

CoreWeave (Nasdaq; CRWV) is tumbling by 17% today on an aggressive $30 billion AI capex plan.

PC maker Dell (Nasdaq: DELL) is also bucking the downward trend, soaring by 18% in today’s session on a bullish AI server revenue outlook.

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About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.