Stock Market Live February 20, 2026: S&P 500 (SPY) Sinks on US GDP Numbers
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Stock Market Live February 20, 2026: S&P 500 (SPY) Sinks on US GDP Numbers
"The government shutdown hurt growth at the end of 2025. The economy will likely bounce back in early 2026, but it isn't harmless to do prolonged shutdowns."
"Overall, the U.S. economy was resilient in 2025 despite many headwinds. Solid consumption and the AI boom kept the economy growing."
"Three cuts could push gold to $7,000 by year-end (SBG's base case) and a more dovish Fed may send gold to $10,000."
Equity markets slipped with the S&P 500 down 0.27%, the Dow down 0.18%, and the Nasdaq down 0.39%, while oil fell slightly and Bitcoin and precious metals rose. U.S. GDP printed 1.4% for the period, below estimates, with the government shutdown identified as a drag and full-year growth at 2.2%. Consumption and AI investment supported overall resilience. Analysts project large upside for gold—scenarios range from $7,000 to $10,000—driven by geopolitical uncertainty, high deficits, central bank demand, real interest rate dynamics, and the outlook for Federal Reserve rate cuts.
Read at 24/7 Wall St.
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