Stock Market Update

[BRIEFING.COM] The major averages are little changed from previous values. 

Sector strength is mixed, with five S&P 500 sectors trading lower, though only the information technology sector (-1.8%) holds a loss wider than 0.4%. 

In the financial sector (-0.2%), PayPal (PYPL 42.70, -9.64, -18.41%) is one of the worst-performing S&P 500 names today following a double miss on Q4 earnings and revenue estimates. The sell-off is being exacerbated by a cautious 2026 outlook and the surprise announcement that Enrique Lores, former President and CEO of HP, Inc. (HPQ), will succeed Alex Chriss as President and CEO effective March 1. While the company is attempting to pivot toward agentic commerce and profitable growth in its Venmo and enterprise segments, management's admission that execution has "not been what it needs to be" and the subsequent withdrawal of long-term financial targets have created significant unease among investors.