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Closing Bell

Closing Bell Overtime: Credit Worries, AI Anxiety Fears Weigh on Markets 2/27/26

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 27 February 2026

⏱️ 43 minutes

🧾️ Download transcript

Summary

Malcolm Ethridge of Capital Area Planning Group makes the bullish case while Warren Pies of 3Fourteen Research turns more cautious and outlines where oil prices may head next. Rising attention around private credit and activity at Jefferies as investors search for yield and alternative sources of return. Looking ahead, attention turns to next week’s key earnings report from Target. Chris Horvers, Head of Broadlines at JPMorgan, explains why he is lowering fourth quarter comp estimates and why new leadership could reset guidance expectations. Salveen Richter of Goldman Sachs outlines how AI is beginning to deliver tangible benefits in biotech and healthcare, particularly in early drug discovery and development, and why that could translate into both top line and bottom line gains for adopters.

Transcript

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0:00.0

The bell is bringing an end to the trading day at the NYSE Quantum Emotion, bringing the closing bell in the NASAC,

0:11.5

Calisa acquisition, doing the honors. Welcome to closing bell overtime. We're live in Studio B at the

0:16.1

NASAC market site. I'm Melissa Lee along with Mike Santoli. Sox down big today. The DAZAC losing about a percent

0:21.9

today, closing February with a three and a half percent loss. It's worst month since March.

0:26.1

More in the market straight ahead. And coming up, we're digging into all the issues the market is

0:30.3

facing right now. The threat of AI to jobs after blocks, huge cuts, the credit fears, which continue

0:35.9

to spread and the next big earnings report

0:38.1

that we are watching. But let's begin with a look at today's big movers with Christina

0:41.9

parts of nevlos. Christina. Thank you, Michael. Stocks slid today, like you guys mentioned, caught

0:47.5

between AI anxieties, rising U.S. Iran tensions, and hotter than expected producer price

0:53.4

report. And even blowout earnings

0:56.3

aren't cutting it. InVIDIA, down about 7% since just Wednesday evening, despite guiding to

1:00.8

$78 billion in revenue. That's $5 billion over the highest estimates on Wall Street's and yet

1:06.7

shares fell. Corrieve telling a similar story, strong revenue, but the cloud company spent

1:11.3

$6 billion more than what it earned just last year, and investors really noticed concerned

1:16.0

about all that Kappa spending. The exception today was Dell up roughly about 21%, partially

1:22.4

a short squeeze after cautious positioning heading into earnings. The company did navigate higher memory costs better than

1:29.0

many others had feared better than Lenovo and HPQ, and also it raised its guidance.

1:34.5

Meanwhile, private credit fears are hammering financials, the worst performing sector just this

1:40.0

week alone. Apollo off about 8.5 percent today. And you also have the banks,

1:44.8

Wells Fargo, Morgan Stanley, City all taking hits as well. And that nervousness pushing

1:50.6

money into defensive names, specifically within Consumer Staples, Hormel, Conagra, Tyson Foods,

...

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