Stocks Pare Slide as Oil Whipsaws on US-Iran Talks | Closing Bell
February 26, 2026
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11:17Now PlayingStocks Pare Slide as Oil Whipsaws on US-Iran Talks | Closing Bell
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as posted by the channelWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipschultz, Carol Massar and Tim Stenovec.
Wall Street traders lifted stocks away from session lows as oil erased its gain amid signs of progress in US nuclear talks with Iran. Chipmakers sank as Nvidia Corp.’s results failed to inspire investors seeking reassurances about artificial intelligence. Bonds climbed.
While the S&P 500 fell, about 350 of its shares advanced. The Nasdaq 100 lost 1.2%. Even after giving a bullish forecast, Nvidia tumbled 5.5%, dragging down almost every company in a key semiconductor gauge. Salesforce Inc. gave a strong estimate for long-term sales and announced a large share buyback, assuaging some fears about AI disruption of the software industry.
In late hours, Dell Technologies Inc. gave an outlook for sales of its AI servers that exceeded estimates. CoreWeave Inc., an operator of AI data centers, reported a bigger loss than anticipated. Jack Dorsey’s Block Inc. is cutting 4,000 employees, reducing its workforce by nearly half as the financial technology firm places a bet on AI changing the future of labor productivity.
The S&P 500 lost 0.5%. The yield on 10-year Treasuries fell four basis points to 4.01%. The dollar wavered. Oil fell 0.3%. The US and Iran will continue talks next week after making “significant progress,” mediator Oman said.
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