Persistent Inflation Jolts Wall Street: Dow Plunges 715 Points, Nasdaq Ends February Weakly

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Sticky Inflation Rattles Wall Street: Dow Sinks 715 Points, Nasdaq Caps Bruising February

Sticky prices, shaky AI bets and fresh layoffs deepen February’s market mood swing

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Moneycontrol•27-02-2026, 20:25

Sticky Inflation Rattles Wall Street: Dow Sinks 715 Points, Nasdaq Caps Bruising February

•Dow Jones Industrial Average fell 715 points (1.5%) and S&P 500 dropped 1.1% on Friday due to higher-than-expected inflation.
•January's producer price index (PPI) rose 0.5%, exceeding the 0.3% estimate, with core PPI jumping 0.8% (nearly triple the estimate).
•Technology stocks, including Nvidia, Salesforce, Microsoft, Zscaler, and CoreWeave, experienced significant declines.
•The iShares Expanded Tech-Software ETF (IGV) is down 10% this month, and the Nasdaq is set for its worst monthly performance since March last year.
•Concerns about AI's impact on the real economy, including job cuts (Block laying off 4,000+ employees), are adding to market unease.

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