Stocks Pare Slide as Oil Whipsaws on US-Iran Talks: Markets Wrap

WATCH: JPMorgan Asset Management’s Karen Ward says rotation “still has a lot further to go” within the US market.Source: Bloomberg

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By Rita Nazareth

February 25, 2026 at 10:43 PM UTC

Updated on

February 26, 2026 at 9:34 PM UTC

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.