NEW YORK, Feb 22, 2026, 13:53 (EST) — Market closed
- Goldman Sachs shares ended Friday slightly higher, and the U.S. market is shut on Sunday.
- Traders are still digesting the court tariff decision and fresh inflation data that could reshape rate-cut timing.
- The next catalysts include Nvidia earnings on Wednesday and U.S. producer prices due Feb. 27.
Shares of The Goldman Sachs Group Inc rose 0.61% on Friday to close at $922.24. The stock traded between $900.57 and $922.37 and changed hands about 2.0 million times. (Yahoo Finance)
That matters now because Goldman often moves with shifts in risk appetite and rate expectations. Both are in flux heading into Monday’s reopen, after a late-week jolt from Washington and inflation.
U.S. stocks finished higher on Friday after the Supreme Court struck down President Donald Trump’s global tariffs, easing one source of uncertainty for markets. Trump called the ruling a “disgrace” and said he would impose a 10% global tariff for 150 days; “Today is a removal of some uncertainty, and we’re on to the next phase,” said Mike Dickson, head of research and quantitative strategies at Horizon Investments. (Reuters)
Financial stocks moved with the broader tone. The Financial Select Sector SPDR ETF rose 0.65% on Friday, while JPMorgan gained 0.91%, Morgan Stanley added 0.61% and Bank of America advanced 0.61%; Wells Fargo was up 1.28%.
Inflation, though, refused to cooperate. The core personal consumption expenditures price index — an inflation gauge that strips out food and energy — rose 0.4% in December, above economists’ expectations, Reuters reported. Pooja Sriram, an economist at Barclays, pointed to legal services, saying it “registered a 12.0% month-on-month increase” in January, while warning it “tends to be a very volatile category.” (Reuters)
For Goldman, that mix cuts both ways. Higher rate volatility can lift some trading activity, but sticky inflation can also push out cuts, keep borrowing costs high and slow the deal pipeline if boards get cautious.
That pipeline has already looked uneven this year. In a look at 2026 U.S. IPOs, Reuters said several issuers have trimmed, delayed or pulled listings, even as Goldman analysts have forecast the number of IPOs could double to 120 this year — and cautioned that a selloff in software stocks has highlighted valuation risks. (Reuters)
But the path into Monday is not clean. A fresh tariff turn could revive the same stop-start volatility that has forced companies to wait out windows in both equities and debt, and another upside inflation surprise would complicate the rate outlook again.
The calendar is crowded even before banks get their next major company-specific catalyst. Nvidia’s quarterly report lands on Wednesday, a focal point for a market still trying to price the payoff from big spending on artificial intelligence, Reuters said. (Reuters)
For Goldman and other financials, the week’s last big swing factor may come from the inflation pipeline: the Labor Department schedules January’s Producer Price Index for Friday, Feb. 27, at 8:30 a.m. ET. (Bureau of Labor Statistics)
