Stock Market Update

[BRIEFING.COM] The S&P 500 (+0.7%), Nasdaq Composite (+1.1%), and DJIA (+0.5%) now sit near session highs as the broader market begins to show a little more strength. 

CAVA Group (CAVA 83.98, +16.18, +23.87%) is soaring following its Q4 results last night. The Mediterranean fast-casual chain returned to EPS upside after a miss last quarter, while revenue increased 20.9% yr/yr to $275 mln, ahead of expectations. The standout was guidance, particularly CAVA's call for 3-5% same-restaurant sales growth in FY26, which contrasts sharply with peer Chipotle Mexican Grill (CMG 37.08, +0.59, +1.62%), which recently guided for FY26 comps to be about flat.

Meanwhile, Workday (WDAY 130.21, -0.02, -0.01%) is now little changed following its 4Q26 report, as a conservative FY27 subscription revenue outlook weighs against better-than-expected profitability in Q4. The company had already reaffirmed Q4 guidance on February 9 alongside the leadership transition that brought co-founder Aneel Bhusri back as CEO, so revenue of $2.53 billion and subscription revenue of $2.36 billion were largely in-line with expectations. However, non-GAAP operating margin of 30.6% topped prior guidance of 28.5% and improved from 26.4% a year ago, driving upside to EPS. While Q4 execution was solid and AI momentum is building, the deceleration implied in FY27 guidance and stepped-up AI investments are weighing on sentiment.