2026-02-21
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Hey listeners, it's Saturday, February 21st.
I'm Jack Pitcher for The Wall Street Journal, and this is What's News in Markets,
our look at the biggest stock moves of the week and the news that drove them.
Let's get to it.
Stocks were relatively muted for the shorter holiday week,
but there was no shortage of action under the surface, thanks to a big slate of corporate earnings.
Investors seem to be regaining some confidence in tech and growth stocks.
both of which have sold off for much of the year,
over fears that rapid advancements in AI are going to render some software companies obsolete.
But this week,
communication services and information technology were the S&P 500's best performing sectors.
Meanwhile, consumer staples companies, which are often seen as a safe haven, dropped sharply.
That signals a rotation away from the fear trade and back into other parts of the market.