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Happy Friday. This is TheStreet’s Stock Market Today for Feb. 27, 2026. You can follow the latest updates on the market here in our daily live blog.

Update: 9:30 – 9:45 a.m. ET

Opening Bell

The U.S. markets are now opened for the day. It’s shaping up to be a rough ending to the week, as a red-hot wholesale inflation report and AI bubble talk shape today’s declines.

The Dow (-1.43%), Nasdaq (-1.40%), and S&P 500(-1.08%) are all down over one percent, just a short few minutes into today’s trading. The Russell 2000 (-1.63%) is also sharing in these declines as it shows its opening print.

Meanwhile, the Cboe Volatility Index (+14.6%) is advancing, sitting at 21.35.

The 10Y Treasury is 3.2 bips lower at 3.985%, now below 4% for the first time since last year.

In Focus: S&P 500

To speak to the gravity of the declines, here is a glimpse of the S&P 500 heat map this morning, which is showing beet red declines in technology, cyclicals, and financials.

Chicago PMI Exceeds Expectations

Chicago PMI just landed at 57.7, handily beating expectations of 52.8.

Update: 9:04 a.m. ET

A.M. Update

Good morning. We’re just a few minutes away from the opening bell, with stock futures tipping to the downside. This morning’s Producer Price Index (PPI) report, worries about the AI bubble, and other business news appear to be playing a hand. These other stories are dominating the headlines:

In Business News: Netflix Bows out of WBD Bid

In business news, Netflix is jumping in the premarket after declining to upsize its bid for Warner Bros. Discovery, clearing a path for the Ellison-backed Paramount Skydance to absorb the HBO parent in a $111 billion deal. Investors are betting that they’ve dodged a bullet by being outbid for the highly indebted media giant; plus, they’ll score a sweet $2.8 billion exit fee from WBD.

In Other News: Block to Lay Off 40% of Staff

Jack Dorsey’s Block is laying off 40% of its 10,000 staff, unwinding a years-long over-hiring spree brought on by the firm’s fast growth and zero interest rate policy. Dorsey cites AI for the slimming up. We’ll have more on this one a bit later.

All that said, here are today’s big data and earnings reports to watch:

Economic Data: PPI, Chicago PMI, Construction Spending

This morning’s Producer Price Index report wildly disappointed, showing further signs of acceleration in wholesale prices. The PPI advanced 0.5% month-over-month, while Core PPI advanced 0.8%. Analysts were looking for the two to only rise 0.3% MoM according to a consensus tabulated by TradingEconomics.

We’ll touch on some of the other prevailing reports later today, but this is sure to cause waves in the market, which are flashing red in futures this morning:

Earnings Today: YPF, Sociedad Quimicia, GlobalStar

Friday is generally a cold day for earnings, but a handful of firms from overseas led this morning’s biggest reports. Here are the ones which were on the docket: