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Stock Market 28 February 2026
Alphabet Class A stock slipped 0.42% premarket as Noam Shazeer, a key leader on Gemini, leaves Google for OpenAI. Investors are watching Alphabet’s AI strategy, new UK search rules, and the impact of higher interest rates. Plug Power traded at $2.65 before the bell after a 2.21% drop, with shareholders approving an additional 25 million shares. Intel traded higher after Trump said Apple will partner with Intel for U.S. chip design and manufacturing, a deal not yet confirmed by either company. Snap shares fell 8.1% to $4.74, with a market cap near $8 billion, as it prepares to ship its first consumer AR glasses this fall. AMC traded at $2.66 premarket after gains in the last two sessions, outperforming the broader market. uniQure shares surged 78.4% to $48.16 after the FDA said data from its AMT-130 study could support accelerated approval; the company plans to file for FDA approval in Q3 2026. Nu Holdings rose to $12.89 as Brazil’s central bank cut the Selic rate and the company’s $1 billion buyback and falling Brazilian rates drew investor attention. Dow and Nasdaq futures traded higher, led by chip stocks, as the Fed held rates steady but traders bet on a possible hike in September. Robinhood rose 8.7% to $105.20, announcing a 10% staff cut and $28 million in restructuring charges. Allbirds, now Smartbird, jumped 39.09% to $5.48 after appointing a new CEO, selling its footwear assets, and expanding its convertible financing. Nvidia ended at $204.65, down 1.3%, with a $25 billion bond sale in focus amid a broader tech retreat.