Led by Tech Stocks, Nasdaq, S&P 500 Rise Further After Soaring Friday; Dow Hits Fresh Record

Oracle Shares Soar as D.A. Davidson Upgrades Stock to ‘Buy’

FROM 5 minutes ago

D.A. Davidson analysts believe Oracle (ORCL) “will not be vibe coded away.”

Oracle shares soared about 12% to nearly $160 in recent trading after the analysts upgraded the stock to “buy” from “neutral” on Monday, while keeping their $180 price target.

The analysts wrote that they “believe that a revamped OpenAI will … be able to live up to its obligations this year, including to Oracle. We believe this will remove the biggest concern from ORCL.”

D.A. Davidson added that it “had been very critical of Oracle and OpenAI, but believe the market is now more appropriately reflecting the risks involved, especially in this relationship.”

Oracle shares soared to a record-high $345.72 on Sept. 10, but have fallen sharply over the five months since, as investors have been concerned about a possible AI bubble inflated by debt-laden investments.

Even with today’s sharp gains, Oracle stock is nearly 20% lower thus far in 2026.

There Was an ‘Unmistakeable’ Flight to Value Last Week. Here’s What Investors Bought.

FROM 39 minutes ago

When the beat changes, investors switch up their moves. Last week, they rushed to re-tune their portfolios.

Big tech stocks, metals, and digital assets hit the skids. Institutional and individual investors alike started to favor certain pockets of the market, leading to questions about whether the changes will amount to a meaningful shift in allocations or just a short-term tweak.

The institutional “smart money” stepped out of technology stocks before they took a beating last week, according to recent data. Retail investors likely suffered more, but many are getting choosier in their dip-buying efforts. (U.S. stocks, broadly speaking, were rising to start this week.)

The energy, industrials, and materials sectors—where institutions parked after pulling out of the tech sector last month—were rare bright spots last week, according to Vanda Research. Individual investors plowed into the energy sector, Vanda said, with Wednesday marking the “largest net retail buying” in State Street’s Energy Select Sector’s SPDR ETF (XLE) since March 2022. (They also bought into stocks like Chevron (CVX) and Exxon (XOM).)

Read the full article here.

–Crystal Kim

Hims & Hers Stock Plunges While Novo Nordisk Gains as Weight-Loss Drug Wars Take New Turn

FROM 1 hr 19 min ago

Hims & Hers Health shares are tumbling after a major blow to its weight-loss lineup.

Shares of the telehealth provider were down 25% Monday morning after Hims & Hers (HIMS) said in a statement over the weekend that it would stop offering its compounded semaglutide pill, just days after launching the product.

The pill was marketed as offering the same active ingredient as Novo Nordisk’s (NVO) Wegovy pill that received approval from the Food and Drug Administration in December, and was swiftly attacked by the Danish drugmaker. Novo Nordisk said Monday that it has filed a lawsuit against Hims & Hers, asking a court to “permanently ban Hims from selling unapproved, compounded drugs that infringe our patents,” and is seeking damages. Shares of Novo Nordisk climbed about 4% in recent trading.

Hims & Hers, which called the lawsuit a “blatant attack by a Danish company on millions of Americans who rely on compounded medications for access to personalized care,” said it plans to “continue to fight to provide choice, affordability, and access.”

Read the full article here.

–Aaron McDade

Tech Sector Powers S&P 500 Monday Morning

FROM 2 hr 5 min ago

Technology shares are boosting the overall S&P 500 to begin the week.

The S&P 500 Information Technology Sector was the top performer of the 11 industries tracked by the benchmark index Monday morning, with gains of 1.4%.

AppLovin (APP) and Oracle (ORCL) paced the S&P 500 with gains of 11% and 9%. Other sector leaders include Corning (GLW), Teradyne (TER), and Palantir (PLTR), up a respective 7%, 5%, and 4.5%.

Seven of the 11 sectors were in the green about 90 minutes into the trading day. Health Care was the worst-performing sector, down roughly 0.7%.

Wait Times for Calls to Social Security Have Been a Problem. A Change Could Make Them Better—Or Worse

FROM 2 hr 5 min ago

The Social Security Administration has significantly reduced wait times for beneficiaries calling its national 800-number over the past two years. Next month, the agency is making more changes to how it handles help requests that may speed things up—or make things worse for beneficiaries.

Workflow management changes coming on March 7 will transition SSA employees from working only on local claims and cases to handling cases nationwide. The move is an effort to even out the workload for SSA agents. Separately, the agency will also roll out a new system that beneficiaries can use to schedule in-person appointments.

“These tools will strengthen SSA’s ability to provide Americans with expanded opportunities to schedule appointments and improve staff efficiency,” an SSA spokesperson said in an email. “There will be increased availability for Americans to receive the support they need over the phone or in person.”

However, there is a chance the moves will instead increase the workload of SSA employees, who have faced a shrinking workforce for years. The number of Social Security beneficiaries continues to rise, while the agency cut 7,000 positions, or about 12.5% of staff in 2025.

“This … may have evened out the workload a little bit,” said Ed Weir, a former manager of a Las Vegas Social Security field office. “But that’s before they cut over 7,000 positions. So all bets are off now.”

Read the full article here.

–Elizabeth Guevara

Monday.com Stock Tanks on Soft Guidance

FROM 4 hr 35 min ago

Monday is not looking like it’s going to be a joyous day for Monday.com (MNDY) stockholders.

Shares of Monday.com tanked 15% before the bell after the Tel Aviv-based AI work platform firm issued weaker-than-expected current-quarter and full-year guidance.

Monday.com said it expects fiscal 2026 first-quarter revenue of $338 million to $340 million and adjusted operating income of $37 million to $39 million. Analysts surveyed by Visible Alpha expect $342.6 million and $45.3 million, respectively.

For the full year, the Israeli firm sees revenue between $1.452 billion and $1.462 billion and adjusted operating income of $165 million to $175 million. Visible Alpha consensus calls for $1.47 billion and $219.0 million.

Monday.com’s fiscal 2025 fourth-quarter adjusted earnings of $1.04 per share and revenue of $333.9 million topped estimates. The company said it had record net adds of customers with more than $100,000 in ARR.

“While foreign exchange rates have created some near-term pressure on margins, the underlying fundamentals remain healthy and we continue to see momentum with larger customers,” CFO Eliran Glazer said.

The company’s shares entered Monday having lost a third of their value over the last month. They are down more than 60% over the past 12 months.

The Data Industry Has Lost 6,700 Jobs Amid AI Boom

FROM 5 hr 19 min ago

The AI investment boom has been a job creation dud, even within its own industry.

Despite massive investments in data centers and artificial intelligence software—an estimated $427 billion in 2025 alone, according to RBC—the year ended in the midst of a job creation slump.

Remarkably, there were actually fewer people working in the industry at the center of the AI boom: in December 2025, 477,700 people were employed in “Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services” according to the Bureau of Labor Statistics, down 6,700 from December 2024.

Tech companies are pouring billions into the construction of new data centers and are even building nuclear power plants and gas turbines to power them. Elon Musk says he is going so far as making plans to build data centers in outer space for his xAI project. But very few people actually work in those data centers once they’re up and running.

To the extent that AI is affecting the job market, the debate has focused on whether the software is costing jobs, not creating them. Several major employers have said they are reducing headcounts as they expand the use of AI. Economists have dubbed the phenomenon a “jobless profit boom.”

–Diccon Hyatt

Stock Futures Point Lower After Volatile Week

FROM 5 hr 44 min ago

Futures contracts connected to the Dow Jones Industrial Average pointed 0.1% lower.

S&P 500 futures were down 0.3%.

Nasdaq 100 futures fell 0.5%.