Investors brace for knee-jerk market reaction to a coming Supreme Court tariff decision

Here's a summary of the DailyEdge by TradeZero:

S&P 500

  • 6,861.89 (−19.42, 0.28%)

Dow Jones

  • 49,395.16 (−267.50, 0.54%)

NASDAQ

  • 22,682.73 (−70.91, 0.31%)

Market close: February 19, 2026


Breaking News

  • Investors prepare for a potential market reaction to a coming Supreme Court decision on tariffs.
  • The case, Learning Resources, Inc. v. Trump, involves the legality of tariffs imposed under the 1977 International Emergency Economic Powers Act.

EdgeUp

  • 🌍 Dow, S&P 500, Nasdaq futures gain as US-Iran tensions rise and PCE inflation looms
    • US stock futures rose on Friday.
    • Oil prices continued to ascend amid rising US-Iran tensions, with President Trump considering military strikes.
  • 🤖 Nvidia and OpenAI abandon unfinished $100bn deal in favour of $30bn investment
    • Nvidia is finalizing a $30 billion investment in OpenAI, replacing a previous $100 billion commitment.
    • This investment is part of a larger funding round aiming to raise over $100 billion, valuing OpenAI at about $730 billion.
  • 🏗️ Why Comfort Systems shares are trading higher by around 5%
    • Comfort Systems USA shares rose after beating Q4 financial results and raising its quarterly dividend.
  • 🧬 Why Candel Therapeutics stock is falling Friday
    • Candel Therapeutics shares declined following the announcement of a public offering to raise approximately $100 million for cancer therapy development.
  • 🛋️ Wayfair’s stock sinks as investors worry expansion plans will hurt profits
    • Wayfair's stock dropped due to an unexpected fourth-quarter loss and concerns that expansion plans in a volatile furniture industry could compress profit margins.

Friday Fact

  • The ABCD pattern is a simple, old chart pattern based on market symmetry.
  • It involves an impulsive move (A to B), a controlled pullback (B to C), and a continuation move (C to D) often mirroring the first leg.
  • Traders use it to anticipate potential exhaustion or reversal zones by looking for similar distances or times between AB and CD.

Top 5 Movers In Early Pre-Market

  • 1) ANPA (Rich Sparkle Holdings Limited): +35.93%
  • 2) OPEN (Opendoor Technologies Inc.): +19.14%
  • 3) TROO (TROOPS, Inc.): +15.63%
  • 4) NAMM (Namib Minerals): +13.54%
  • 5) FET (Forum Energy Technologies, Inc.): +13.46%

Today’s Economic Dates

  • 8:30 AM ET: GDP (Q4)
  • 8:30 AM ET: Personal income (Dec.)
  • 8:30 AM ET: Personal spending (Dec.)

Yesterday's Biggest Movers

  • 1) NAMM (Namib Minerals): +37.12%
    • Regained compliance with Nasdaq's minimum market value of publicly held shares requirement.
  • 2) BATL (Battalion Oil Corporation): +35.41%
    • No notable news.
  • 3) CDNL (Cardinal Infrastructure Group Inc.): +31.31%
    • Acquired A.L. Grading Contractors, a site development solutions provider.

Today’s Notable Earnings

  • DNOW (Dnow): Q4 2025 (Estimate: 0.140, Actual: N/A)
  • AD (Array Digital Infr): Q4 2025 (Estimate: 0.310, Actual: N/A)
  • HBM (Hudbay Minerals): Q4 2025 (Estimate: 0.390, Actual: N/A)

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