Policy uncertainty rises as investors watch Nvidia earnings and global risk signals.
U.S. markets turned cautious Monday as investors weighed renewed tariff uncertainty and persistent AI-driven disruption concerns following President Trump’s announcement of new global duties after a Supreme Court ruling curtailed earlier tariff authority. The shift has added fresh questions to the outlook for global trade and cross-border capital flows.
Defensive assets strengthened as investors repositioned. Gold futures jumped nearly 3% while silver surged about 6%, reflecting increased demand for safe-haven exposure. The move also supported metals-linked instruments such as silver-tracking ETFs like SLV and gold-miner ETFs like GDX, which tend to react quickly when macro risk sentiment shifts.
Technology stocks were broadly mixed. Nvidia (NVDA) and Apple (AAPL) posted modest gains ahead of Nvidia’s closely watched earnings report this week, while software names such as Datadog (DDOG) and CrowdStrike (CRWD) declined as investors reassessed which business models may face longer-term AI disruption.
Elsewhere, sector-specific catalysts drove sharp moves. Novo Nordisk (NVO) dropped 16% after clinical trial data disappointed, while rival Eli Lilly (LLY) rose nearly 5%. Airline stocks including Delta (DAL), United (UAL), and American (AAL) fell after a major snowstorm triggered widespread flight cancellations across the Northeast.
With trade policy uncertainty rising and macro signals shifting, investors are increasingly prioritizing liquidity, defensives, and companies with visible earnings resilience until clearer policy direction emerges.
📊 Market Wrap Feb 24th 2026
🧠 Analyst Notes
💬 Market Highlights
JPMorgan Signals Confidence in Organic Growth Strategy
JPMorgan Chase (JPM) CEO Jamie Dimon said the bank plans to deploy roughly $40B–$50B of excess capital into organic growth initiatives over the coming years rather than relying heavily on acquisitions. While the firm remains open to selective deals, Dimon emphasized that internally driven expansion offers stronger long-term value creation and greater strategic control. He also reiterated that technology, particularly artificial intelligence, will reshape financial services, noting that JPMorgan intends to deploy AI across operations to improve client outcomes. His comments suggest large banks are prioritizing disciplined capital allocation and innovation rather than aggressive consolidation, even as industry competition intensifies.
Keysight Surges After Strong Results and Bullish Outlook
Keysight Technologies (KEYS) jumped more than 13% in extended trading after reporting first-quarter results and guidance that exceeded analyst expectations. The company posted adjusted EPS of $2.17 on revenue of $1.6B, both ahead of forecasts, reflecting strong demand across electronic testing and measurement markets. Management highlighted that multi-year investments are beginning to translate into operating leverage and sustained growth momentum. Looking ahead, Keysight projected second-quarter revenue between $1.69B and $1.7B and EPS of $2.27–$2.33, reinforcing confidence that demand visibility remains solid despite macro uncertainty.
Domino’s Targets Market Share Gains with Expansion Strategy
Domino’s Pizza (DPZ) outlined a growth roadmap centered on steady same-store sales expansion, global store openings, and product innovation. Management expects U.S. comps to rise about 3% in 2026 while global retail sales grow roughly 6%, supported by ongoing demand across both carryout and delivery channels. Executives emphasized that recent performance reflects multi-year strategic initiatives rather than short-term catalysts, pointing to sustained franchise profitability, technology investment, and menu innovation as long-term growth drivers. The company also reiterated confidence in its ability to continue gaining market share within the global quick-service restaurant sector.
📅 Earnings Watch
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