Stock Market Today, Feb. 24: Broad Rally Lifts Markets As Investors Look Ahead to Nvidia Earnings Tomorrow and Trump's State of the Union

By Josh Kohn-Lindquist – Feb 24, 2026 at 5:55PM ESTSNPINDEX: ^GSPCS&P 500 IndexToday's Changeangle-down(0.77%) $52.32Current Price$6890.07Price as of February 24, 2026 at 4:44 PM ETToday, Feb. 24, 2026, the S&P 500, Dow, and Nasdaq all rallied higher, as the market shakes off AI-related worries from over the weekend.The S&P 500 (^GSPC +0.77%) rose 0.78% to 6,891.04, the Nasdaq Composite (^IXIC +1.04%) gained 1.04% to 22,863.68, and the Dow Jones Industrial Average (^DJI +0.76%) added 0.76% to 49,174.49 as AI jitters eased.Market moversBiotech player Iovance Biotherapeutics jumped 32% on positive sarcoma trial data, while Advanced Micro Devices climbed on reports of a new AI chip deal with Meta Platforms. In staples, J.M. Smucker outperformed after a Bank of America upgrade, while General Mills lagged after a downgrade.What this means for investorsAfter the market sold off stocks yesterday, thanks to a viral post on AI’s “doomsday potential” and the potential implications of the Supreme Court’s tariff ruling, stocks rebounded broadly today. In less than two months this year, the market has swung from “software stocks might be dying” to “AI stocks spending heavily on capex need to show an ROI in 2026,” creating interesting market rotations.One such rotation is the ongoing “HALO” trade, where investors buy stocks with “heavy assets, low obsolescence,” which should be less susceptible to AI disruption. Mentioned earlier, J.M. Smucker is a perfect example of this HALO trade. Home to tangible operations that AI can’t immediately overtake, SJM stock has already risen 12% in 2026.Looking ahead, President Trump’s SOTU speech is tonight, and Nvidia will report earnings tomorrow after market close.

The Motley Fool’s Adria Cimino notes that prediction markets see a 95% chance for the company to beat earnings, but the market’s reaction to the data will be another thing.Read NextFeb 24, 2026 •By Anders BylundWhy the S&P 500, Dow Jones, and Nasdaq Are Rising TodayFeb 24, 2026 •By David DierkingThis Ratio Just Hit a 12-Year Low. History Says a Correction Usually Follows.Feb 24, 2026 •By Trevor JennewineThe Stock Market Flashes a Warning as President Trump Announces New Tariffs. History Says the S&P 500 Will Do This Next.Feb 24, 2026 •By Katie BrockmanWorried About a Stock Market Crash? This Is the Single Best Investing Move You Can Make Right Now.Feb 23, 2026 •By Howard SmithStock Market Today, Feb. 23: Nvidia Earnings Loom as Tariff Concerns Drive Dow 800 Points LowerFeb 23, 2026 •By Jeremy BowmanTrade Wars Are Flaring Again.

What It Means for InvestorsAbout the AuthorJosh Kohn-Lindquist is a contributing Motley Fool stock market analyst covering consumer goods, industrials, and technology stocks. Previously, Josh was a senior mutual fund accountant at Gemini Fund Services. He holds a bachelor’s degree in business management from the University of South Dakota.TMFJorykoX@JorykoliStocks MentionedS&P 500 IndexSNPINDEX: ^GSPC$6890.07 (+0.77%) $+52.32*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.