Stock Market Live February 27, 2026: S&P 500 (SPY) Swimming in Red
Quick Read
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Producer price index rose 0.5% versus 0.3% expected. Core PPI surged 0.8% versus 0.3% expected.
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Dell Q4 revenue hit $33.38B with 40% year over year growth. EPS of $3.89 beat by $0.38.
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Dell expects AI server revenue to double in fiscal 2027. The company holds a $43B AI server backlog.
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Live Updates
Urgent: Investors May Want to Trade a Potential Conflict with Iran Now
Investors may want to pay close attention to oil stocks.
That’s because it looks like war with Iran is nearing.
As reported by The New York Times:
With the threat of a U.S. strike on Iran looming, the United States embassy in Jerusalem has told its workers that they may leave Israel and warned them that if they want to, it is vital that they do so immediately.
The directive came from Ambassador Mike Huckabee in an email to embassy workers at the U.S. mission on Friday, a copy of which was reviewed by The New York Times. The move followed meetings and phone calls through the night, Mr. Huckabee wrote in the email, which made no explicit mention of Iran. He said it resulted from “an abundance of caution” and conversations with the State Department in which officials agreed that the safety of embassy staff was a priority.
With speculation of a potential conflict with Iran, oil prices are up another $1.31 to $66.81. We have to consider that Iran is one of the world’s leading suppliers, with its government making it clear that it will retaliate if the U.S. attacks. This could eventually lead to a full blockage of the Strait of Hormuz or restricted access.
Analysts Love Shares of Palantir
At the moment, shares of PLTR are up about $1 a share.
For the week, the stock is up about $5.60 and could push aggressively higher.
Helping analysts at Rosenblatt just initiated a buy rating on the stock with a price target of $150. The firm noted that, “We are initiating coverage of Palantir with a Buy rating and $150 price target. We think this market-disrupting, uniquely positioned AI software leader has a sustainable growth trajectory, good margin leverage, and an attractive entry point after a 33% decline from its high in October,” as quoted by CNBC.
Analysts at UBS upgraded PLTR to a buy rating, saying investors should buy the dip.
“At 50x our 2027 FCF estimates, Palantir shares are now very attractive given our estimate for 70% revs growth in 2026 and stable mid-50% margins,” they added.
It’s a good thing it’s Friday.
Thanks to hot wholesale inflation and a decline in tech stocks, the S&P 500 is down 0.8%. The SPDR S&P 500 ETF (SPY) is down 0.82%, or by $5.66. The Dow Jones is down 1.06%, or by 526 points. The Nasdaq is down 0.93%, or by 233 points. Gold is up by $48.81 at $ 5,226. Bitcoin is down by $1,205 at $66,285.
Unfortunately, the producer price index came in hotter than expected, adding to inflationary concerns. The PPI index showed a 0.5% increase for the month. The Street was only looking for 0.3%. Even more concerning, core PPI, which excludes food and energy prices, recorded a 0.8% gain, much more than the 0.3% rise expected.
There are some bright spots in the market, fortunately.
Market Movers: Netflix is Soaring
Shares of Netflix (NASDAQ: NFLX) are up about $8 in premarket.
All after it walked away from a deal to buy Warner Bros. Discovery’s studio following Paramount’s raised bid. Earlier this week, Paramount raised its bid to buy WBD for $31 per share, up from $30 per share, in all cash.
“Once our Board votes to adopt the Paramount merger agreement, it will create tremendous value for our shareholders,” said WBD CEO David Zaslav, as quoted by CNBC. “We are excited about the potential of a combined Paramount Skydance and Warner Bros. Discovery and can’t wait to get started working together telling the stories that move the world.”
Dell Explodes Higher on Earnings
Shares of Dell (NYSE: DELL) are up more than 11% in premarket, or by $13 a share.
For one, the company said it expects revenue from its key AI-optimized server business to double in fiscal year 2027, and promised to return more cash to shareholders. It also announced a 20% dividend hike and another $10 billion in stock buybacks.
“Looking to the first-quarter of fiscal 2027, Dell expects adjusted EPS of $2.90 per share at the midpoint, while sales should be between $34.7B and $35.7B. Included in that is $13B from AI server revenue, which Bank of America said was unexpected,” added Bank of America.
Two, Q4 earnings were impressive. EPS of $3.89 beat by 38 cents. Revenue of $33.38 billion, up about 40% year over year, beat by $1.75 billion.
“FY26 was a defining year in our company’s history, with record full-year revenue of $113.5 billion, record EPS, and record cash generation,” said Jeff Clarke, vice chairman and chief operating officer, Dell Technologies. “The AI opportunity is transforming our company. We closed more than $64 billion in AI-optimized server orders, shipped more than $25 billion throughout the year, and are entering FY27 with record backlog of $43 billion — powerful proof that our engineering leadership and differentiated AI solutions are winning.”
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