Stock Market Update
20-Feb-26 11:55 ET
Major averages now trade in a steady range
Dow +119.72
at 49513.77,
Nasdaq +46.81
at 22729.55,
S&P +43.44
at 6905.32
[BRIEFING.COM] The S&P 500 (+0.6%), Nasdaq Composite (+1.1%), and DJIA (+0.2%) now trade in a relatively stable range at midday.
While much of today's focus has centered around broader-market moves in response to a flurry of macro developments, there are still some notable earnings-related moves in the fold.
Akamai Tech (AKAM 98.42, -11.17, -10.19%) is sharply lower after reporting its Q4 results last night. The edge cloud and cybersecurity company beat EPS expectations, while revenue increased 7.4% year-over-year to $1.09 billion, also ahead of expectations. The negative reaction stems from guidance, particularly EPS, with Q1 and FY26 EPS of $1.50-1.67 and $6.20-7.20, respectively, both well below expectations, while Q1 and FY26 revenue guidance of $1.060-1.085 billion and $4.40-4.55 billion were in line. The softer EPS outlook largely reflects increased investment in AKAM's AI Inference Cloud and rising server costs due to soaring memory prices.
