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Stock Market 26 February 2026
Strategy’s Stretch preferred stock continued to trade well below its $100 benchmark, last seen at $86.54, reflecting pressure on a key funding tool the company uses to raise cash for bitcoin purchases. U.S. gas prices dropped below $4 for the first time since March, following a U.S.-Iran interim deal aimed at reopening the Strait of Hormuz and easing supply concerns, which also pushed crude prices lower. Salesforce shares remained under pressure despite record quarterly results and strong AI-driven recurring revenue growth, as investors questioned the pricing and integration risks of its $3.6 billion Fin acquisition. CDT Equity surged on news of a private investment in Sarborg, valuing the holding at $127.5 million, though risks remain around a new convertible loan facility and an upcoming Nasdaq event. Hyperscale Data shares rose about 8% after a preferred-stock dividend declaration, with trading linked to its AI data center and Bitcoin updates. Pfizer fell 3.2% after announcing CFO Dave Denton’s departure, with Cecile Guegan set to become interim CFO, as the company navigates its post-COVID strategy and focuses on 2026 guidance and deal payoffs. The S&P 500 and Nasdaq posted gains, with chip stocks rising after news that Apple will partner with Intel on U.S. chip manufacturing. Apple shares gained after CEO Tim Cook said product price hikes are “unavoidable” due to higher chip costs. IBM dropped 6.9% following Accenture’s weak sales forecast and concerns from IBM’s AI report about buyers’ control over AI outcomes. QuantumScape rose 5.7% after Honda agreed to a multi-year solid-state battery research program, though the company still lacks commercial revenue. Energy Fuels jumped 10% on news of a conditional U.S. government loan for rare earth and uranium projects. FreeCast soared 89.5% after signing a reseller deal for Starlink Business services. Kroger maintained its 2026 outlook but saw shares fall on margin pressure. HIVE’s BUZZ HPC unit secured a $220 million GPU cloud contract, boosting shares over 11%. AT&T traded lower as CFO Pascal Desroches announced plans to step down, with Jennifer Biry set to succeed him. Accenture guided for 3% to 4% revenue growth but issued disappointing fourth-quarter guidance, sending shares lower. Meta shares fell 5.4% after an executive departure linked to its AI-for-work restructuring. Nebius rose in premarket trading ah