2026.2.27 US Market Close | Mixed session as NVIDIA's strong earnings trigger profit-taking in tech

On February 27, the New York stock market closed mixed, with tech stocks leading the decline as profit-taking emerged despite NVIDIA's stellar earnings report. The Nasdaq Composite fell over 1%, while the Dow Jones Industrial Average edged up slightly, highlighting a clear divergence between tech and cyclical stocks. - Dow Jones: +0.03% - Capital rotated out of tech and into cyclical sectors like industrials and financials. - S&P 500: -0.54% - Weighed down by weakness in tech stocks, led by NVIDIA. - Nasdaq: -1.18% - Profit-taking in AI leader NVIDIA dampened investor sentiment across the tech sector. - NVIDIA's 'Sell the News' Moment: Despite Q4 revenue ($68.1 billion) and next-quarter guidance (approx. $78.0 billion) both beating market expectations, the stock plunged over 5% on profit-taking. - Tech Sell-off and Sector Rotation: NVIDIA's decline triggered a broader sell-off in tech stocks. In contrast, capital flowed into value stocks such as industrials and financials, leading to a clear divergence as the Dow advanced. - Semiconductor Sector Weakness: As AI leader NVIDIA faltered, other major semiconductor stocks followed suit, with AMD falling over 4% and Broadcom tumbling more than 6%. The iShares Semiconductor ETF (SOXX) dropped 3.5%. - Market Focus Shifts to Macro Data: Investor attention is now shifting from individual corporate earnings to macroeconomic indicators that could influence the Fed's interest rate policy, such as the upcoming ISM Manufacturing PMI on March 2 and the February Jobs Report on March 6. - NVIDIA (NVDA): Down over 5% - The stronger-than-expected earnings report ironically served as a catalyst for profit-taking. - AMD (AMD): Down over 4% - Declined in sympathy with the dampened sentiment stemming from NVIDIA. - Broadcom (AVGO): Down over 6% - Joined the broader sell-off across the semiconductor sector. - Micron (MU): Down over 2% - Increased volatility as AI growth optimism clashed with cyclical fears in the memory industry.