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Stock Market 23 February 2026

Arcellx stock jumps 78% on Gilead’s $7.8 billion buyout — deal terms, risks and next catalyst

Arcellx stock jumps 78% on Gilead’s $7.8 billion buyout — deal terms, risks and next catalyst

Arcellx shares jumped 77.6% to $113.84 after Gilead Sciences agreed to buy the company for $115 per share in cash plus a contingent value right tied to anito-cel sales. The deal came as U.S. stocks fell on new 15% global tariffs announced by President Trump. Gilead shares slipped 0.6%. Investors are watching the FDA’s Dec. 23, 2026 review deadline for anito-cel, a CAR-T therapy for multiple myeloma.
23 February 2026
FTSE 100 ends flat as Trump tariff reset jars UK stocks; Johnson Matthey sinks

FTSE 100 ends flat as Trump tariff reset jars UK stocks; Johnson Matthey sinks

FTSE 100 closed down 0.02% at 10,684.74 as tariff concerns resurfaced after President Trump announced a new 15% global import levy. FTSE 250 dropped 0.9%. Miners gained on higher gold and oil prices, while software and data stocks fell on AI worries. Johnson Matthey shares plunged over 17% after cutting the sale price of its catalyst unit to Honeywell.
ASX 200 today: Australia shares seen softer after tariff uncertainty jars banks, tech

ASX 200 today: Australia shares seen softer after tariff uncertainty jars banks, tech

ASX 200 futures traded around 8,988 early Tuesday, about 0.4% below Monday’s close after the index fell 0.61% on U.S. tariff uncertainty. Growth stocks and banks dropped, while resources and gold miners outperformed. The Australian dollar slipped 0.2% to 70.68 U.S. cents. Traders await January inflation data due Wednesday.
Intel Corporation stock price dips as tariffs rattle tech — what INTC traders watch next

Intel Corporation stock price dips as tariffs rattle tech — what INTC traders watch next

Intel shares fell 0.7% to $43.81 in late-morning trading Monday as tariff uncertainty pressured U.S. chip stocks. The stock is down about 19% from its January high. Nvidia rose 0.6% ahead of its Feb. 25 earnings, while AMD and Taiwan Semiconductor slipped. President Trump’s new 15% tariff on all imports has left investors uncertain about timing and exemptions.
Palo Alto Networks stock slips as tariff jitters and AI code-security buzz hit PANW

Palo Alto Networks stock slips as tariff jitters and AI code-security buzz hit PANW

Palo Alto Networks shares fell 2.5% to $144.96 Monday as software stocks slid after President Trump announced a new 15% global tariff. CrowdStrike, Zscaler, and Fortinet also dropped sharply. Palo Alto’s decline followed last week’s profit forecast cut and news of $2.3 billion in CyberArk-related costs. The S&P 500 software and services index was down nearly 3%.
Salesforce stock slides as tariff uncertainty and a Morgan Stanley target cut sharpen focus on earnings

Salesforce stock slides as tariff uncertainty and a Morgan Stanley target cut sharpen focus on earnings

Salesforce shares fell 5.6% to $174.70 in late-morning trading Monday, dragging down the Dow as software stocks slumped on renewed tariff concerns. President Trump announced a new 15% global duty after a Supreme Court ruling. Investors await Salesforce’s Feb. 25 earnings for signals on demand and AI tool adoption. Morgan Stanley cut its price target on the stock to $287 from $398.
CoreWeave stock rebounds in regular trading as data-center funding worries shadow earnings week

CoreWeave stock rebounds in regular trading as data-center funding worries shadow earnings week

CoreWeave shares rose 2.4% to $91.40 Monday morning, rebounding after last week’s drop tied to concerns over financing for a $4 billion Pennsylvania data-center project with Blue Owl. Lenders reportedly hesitated to add exposure to CoreWeave, rated B+ by S&P, after Blue Owl struggled to secure debt. The company reports quarterly results Feb. 26. Nvidia invested $2 billion in CoreWeave last month at $87.20 per share.
Corning stock price jumps again as AI data-center demand keeps GLW in focus

Corning stock price jumps again as AI data-center demand keeps GLW in focus

Corning shares climbed 4.9% to $146.34 Monday, after UBS and Morgan Stanley raised their price targets to $160 and $127, respectively. The stock has surged about two-thirds this year, fueled by a $6 billion Meta supply deal and strong demand for fiber-optic products tied to AI data centers. Corning’s ex-dividend date is Feb. 26. Investor conferences are set for Feb. 27 and March 3.
Broadcom stock price ticks up as tariff jitters return and chip investors brace for earnings week

Broadcom stock price ticks up as tariff jitters return and chip investors brace for earnings week

Broadcom shares rose 0.4% to $333.83 Monday morning, trading between $328.18 and $338.39 on volume of about 4.2 million shares. The move followed President Trump’s announcement of a new 15% global tariff, which weighed on U.S. stocks. Broadcom last week launched the BroadPeak SoC for 5G/6G gear, claiming up to 40% lower power use. The company reports fiscal Q1 results on March 4 after the close.
CrowdStrike stock sinks nearly 9% as AI disruption fears bite and Stifel trims target

CrowdStrike stock sinks nearly 9% as AI disruption fears bite and Stifel trims target

CrowdStrike shares dropped 8.8% to $354.25 in Monday morning trading, following renewed concerns that AI tools could pressure cybersecurity budgets and software pricing. Stifel cut its price target to $480 from $600. Broader tech stocks also fell after President Trump announced a new 15% global tariff. Investors await CrowdStrike’s earnings report on March 3 for further guidance.
Arcellx stock surges toward $115 buyout price after Gilead deal sets new ceiling

Arcellx stock surges toward $115 buyout price after Gilead deal sets new ceiling

Arcellx shares surged 78% to $113.92 after Gilead Sciences agreed to acquire the company for $115 per share in cash, plus a $5 contingent payout tied to anito-cel sales, valuing Arcellx at up to $7.8 billion. The companies expect to close the deal in Q2 2026. Trading volume in Arcellx topped 11 million shares by mid-morning. Gilead shares fell 0.5%.
GOOG stock price: Alphabet Class C rises after Wells Fargo upgrade puts AI capex back in spotlight

GOOG stock price: Alphabet Class C rises after Wells Fargo upgrade puts AI capex back in spotlight

Alphabet Class C shares rose 0.3% to $315.87 Monday after Wells Fargo upgraded the stock and raised its target to $387, citing AI computing gains. The move came as tariffs imposed by President Trump weighed on broader market sentiment. Alphabet’s shares remain below their Feb. 3 high of $350.15. Investors await Nvidia’s earnings Wednesday for signals on AI demand.
Amazon stock price slides as Trump tariff turmoil hits tech; AWS outage headlines resurface

Amazon stock price slides as Trump tariff turmoil hits tech; AWS outage headlines resurface

Amazon shares fell 1.7% to $206.46 in early Monday trading, lagging the broader market after President Trump announced a new 15% import tariff following a Supreme Court ruling. The Nasdaq 100 tracker dropped 0.6% and the S&P 500’s SPY ETF slipped 0.3%. U.S. Customs will end collection of earlier tariffs at 12:01 a.m. Tuesday. Investors are watching for Tuesday’s tariff changeover and Nvidia’s results on Feb. 25.
Microsoft stock slides on Trump tariff uncertainty as Wall Street turns cautious

Microsoft stock slides on Trump tariff uncertainty as Wall Street turns cautious

Microsoft shares fell 2.2% to $388.60 in early Monday trading, tracking declines across big tech as new U.S. tariffs fueled market uncertainty. The Dow opened down 89 points after President Trump imposed a 15% duty following a Supreme Court ruling. Microsoft also announced a leadership shake-up in its gaming division. Investors are awaiting Nvidia’s earnings on Feb. 25 for signals on AI demand.
23 February 2026
Tesla stock price slides today as Trump tariff turmoil hits markets — and EV demand worries return

Tesla stock price slides today as Trump tariff turmoil hits markets — and EV demand worries return

Tesla shares fell 2.2% to $402.64 in early New York trading Monday, lagging broader markets after President Trump announced a new 15% tariff. U.S. EV sales dropped nearly 30% in January, with Tesla’s volume down 17% from December, Cox Automotive said. Investors cited tariff uncertainty and weaker demand. Other automakers traded mixed.
Infleqtion (INFQ) stock sinks in early trade as tariff jitters bite — what to watch next

Infleqtion (INFQ) stock sinks in early trade as tariff jitters bite — what to watch next

Infleqtion shares dropped about 10% to $11.95 Monday morning, falling below their opening price amid broader market declines tied to new U.S. tariff uncertainty. The quantum technology firm, which debuted last week after merging with Churchill Capital Corp X, saw about 686,000 shares traded by mid-morning. Investors await the company’s March 11 Analyst Day for more detailed guidance.
23 February 2026
Herc Holdings stock slides as tariff turmoil dents appetite for industrials

Herc Holdings stock slides as tariff turmoil dents appetite for industrials

Herc Holdings Inc shares dropped 2.3% to $150.00 in early New York trading Monday after President Donald Trump announced a new 15% tariff following a Supreme Court ruling. United Rentals and WillScot Mobile Mini also declined. Herc last week reported Q4 rental revenue up 24% to $1.039 billion and net debt of $8.1 billion. The company forecast 2026 rental revenue of $4.275–$4.4 billion.
Freedom Holding (FRHC) stock price slips in early New York trade after wild rebound

Freedom Holding (FRHC) stock price slips in early New York trade after wild rebound

Freedom Holding Corp shares slipped 1.1% to $118.36 in early Nasdaq trade Monday, retracing part of Friday’s 6.8% surge. The stock remains volatile after last week’s 52-week low, as investors weigh a quarterly report showing a 40% drop in insurance premiums to $106.9 million and net income of $76.2 million. Brokerage customers rose to 828,000, banking customers to 4.5 million.
23 February 2026
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