Stock market today: Dow, S&P 500, Nasdaq futures dip as Trump to deliver State of the Union, Nvidia earnings loom

Rian Howlett · Front Page Editor

Wed, February 25, 2026 at 8:44 AM GMT+9 1 min read

In this article:

•                                       StockStory Top Pick 
  

  NVDA

  +0.68%

  SNOW

  +2.20%

 NQ=F  

 +0.00%  

 

 

 ES=F  

 -0.03%  

 

 

 YM=F  

 -0.04%  

US stock futures slid below breakeven late Tuesday as Wall Street braced for a pivotal earnings report from Nvidia.

Futures linked to the Dow Jones Industrial Average (YM=F), contracts on the S&P 500 (ES=F) and Nasdaq 100 futures (NQ=F) each fell about 0.1%.

CME • USD

(ES=F)

Follow    



  View Quote Details   

6,902.00 -1.75 (-0.03%)

As of February 24 at 6:54:21 PM EST. Market Open.

ES=F NQ=F YM=F

Advanced Chart

The muted action in futures followed a strong regular session on Tuesday where the S&P 500, Nasdaq Composite and Dow all rose as investors rotated back into technology shares.

Software and cybersecurity names staged a relief rally after AI startup Anthropic introduced new enterprise capabilities on its Claude Cowork platform, allowing integration with corporate applications such as Google (GOOG) Drive, DocuSign (DOCU), and LegalZoom (LZ).

Looking ahead for the week, Trump is set to deliver his 2026 State of the Union address to a joint session of Congress Tuesday night. Considering Trump experienced the first major political pushback to tariffs over the past week, the address has gained heightened significance as an indicator for trade policy moving forward.

Beyond the State of Union, traders are also monitoring geopolitical developments, including rising tensions between the U.S. and Iran. Over the weekend, President Donald Trump threatened to lift global tariffs to 15%, though a 10% levy on imports took effect Tuesday.

With earnings still rolling on, all eyes now turn to Nvidia’s (NVDA) quarterly results, due Wednesday after the bell, alongside earnings from Salesforce (CRM) and Snowflake (SNOW). The reports arrive as investors reassess elevated tech valuations and scrutinize heavy AI-related capital spending by hyperscalers.

Coming soon

LIVE COVERAGE BEGINS SOON

Stock market coverage for Wednesday, February 25, 2026

Terms and Privacy Policy

Privacy Dashboard

More Info