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U.S. equities rebounded on February 24, 2026 after a sharp tech‑led selloff the prior session. The Dow gained roughly 0.8–0.9% (~380–425 points), the S&P 500 rose about 0.6–0.8%, and the Nasdaq was up around 0.9–1.1%, with breadth positive across most sectors. (apnews.com)
The main macro overhang remains trade: markets are digesting President Trump’s newly announced 10% global tariff plan and indications it could rise toward 15%, following a Supreme Court ruling against his earlier emergency tariff approach. This has injected volatility (VIX at 2026 highs) and driven a rotation out of crowded software/AI names into “real economy” and hard‑asset plays. (investors.com)
AI remains the dominant micro theme, but sentiment swung more positive today. Advanced Micro Devices (AMD) spiked after Meta agreed to a multigigawatt GPU purchase, and several software names bounced as investors reframed AI as a complement rather than a pure disruptor following new Anthropic tool launches and M&A headlines. (apnews.com)
Earnings were a major single‑name catalyst: Keysight Technologies exploded higher on a strong quarter; DigitalOcean rallied on a beat; while Ceco Environmental, Xometry, and Shoals Technology were hit hard on misses, guidance, or deal news. These idiosyncratic moves contributed to unusually large dispersion beneath relatively modest index moves. (apnews.com)
Overall, after the so‑called “Software‑mageddon” drawdown and tariff shock earlier in the week, today looked like a relief rally with continued factor rotation: investors trimmed exposure to the most AI‑disruption‑sensitive software and cybersecurity names while adding to semis, select industrials, and value/cash‑flow stories. (barrons.com)
| Date | Ticker | Company Name | Offer Amount |
|---|---|---|---|
| Feb 20 | ROC | Rank One Computing Corp | $24,000,000 |
| Feb 19 | AACOU | Abony Acquisition Corp. I | $200,000,000 |
| Feb 19 | ACAAU | Averin Capital Acquisition Corp. | $250,000,000 |
| Feb 19 | PALOU | PALOMA ACQUISITION CORP I | $150,000,000 |
| Feb 19 | AIDX | 20/20 Biolabs, Inc. | — |
| Date | Ticker | Company Name | Offer Amount |
|---|---|---|---|
| Feb 23 | CTAAU | Clearthink 1 Acquisition Corp. | $172,500,000 |
| Mar 3 | CAST | Freecast, Inc. | — |