S&P 500 Gains and Losses Today: Indexes Rally To Pare February Losses

• The S&P 500 jumped 1.6% connected Friday, Feb. 28, arsenic investors looked past geopolitical concerns, paring the index's February losses.

• Energy supplier AES led stocks higher aft it issued a beardown outlook fueled by optimism astir AI information halfway powerfulness needs.

• Nvidia-partner NetApp fell aft the information retention supplier missed gross expectations connected slowing income growth.

Major U.S. equity indexes rallied successful the last hours of Friday to adjacent higher aft seesawing betwixt gains and losses passim astir of February's last session.

Stocks saw aboriginal gains pursuing a tame ostentation study that showed price pressures easing successful January. But the rally wobbled aft a contentious gathering betwixt President Donald Trump and Ukrainian President Volodymyr Zelenskyy threatened to scuttle a mineral rights woody that could pb to a ceasefire program with Russia. The large marketplace indexes recovered and charged higher successful precocious trading.

The S&P 500 roseate 1.6% successful the past trading league of February, but the benchmark scale inactive fell 1.4% implicit the month. The Nasdaq besides precocious 1.6%, closing the period down astir 4%. The Dow Jones Industrial Average surged by much than 600 points to adhd 1.4%, capable to station a affirmative week, but not capable to propulsion the blue-chip scale higher for the month.

AES (AES) led the S&P 500 higher, climbing 11.7% aft it posted quarterly net that bushed expectations and offered a beardown current-year nett outlook. The vigor supplier said AI information centers and caller manufacturing plants were helping to thrust demand. The institution besides said it was moving to onshore its proviso concatenation for star panels, batteries, and different instrumentality to trim tariff risks.

Edison International (EIX) shares roseate 6% aft the institution said that California’s Wildfire Insurance Fund whitethorn assistance shield the electrical utility’s equilibrium expanse pursuing the deadly January wildfires there.

Erie Indemnity (ERIE) jumped 5.7% aft the insurer posted net that exceeded expert expectations owed to beardown maturation successful operating and concern income. Management interest gross from argumentation issuance and renewals besides jumped, though committee expenses besides grew.

Monster Beverage (MNST) shares roseate 5.3% aft the vigor portion shaper narrowly bushed gross maturation projections. Executives said that the institution was successful a presumption to vie with rival Celsius Holdings (CELH), which precocious acquired its fast-growing rival Alani Nu.

Nvidia-partner NetApp (NTAP) led S&P 500 decliners, falling 15.6% aft the information retention provider’s gross missed forecasts and its outlook weakened arsenic income maturation slowed.