US President Donald Trump has said he will introduce a global duty of 10% in addition to the levies that are already in place now. Trump <a href="https://www.youtube.com/watch?v=Hr4ql_ejTns">said</a> this at a press conference after the Supreme Court decision, which <a href="https://oninvest.com/article/verhovnyj-sud-ssa-otmenil-global-nye-posliny-prezidenta-trampa-rynki-rastut">recognized the</a> "retaliatory" duties imposed last spring as illegal.

Trump promised to impose a 10% global duty after Supreme Court ruling

Moncler S.p.A.

The sector could also benefit from Trump's global duty rollback

A strong winter season for Italian premium brand Moncler has supported luxury stocks

Pinterest, Inc.

Klarna Group plc

Salesforce, Inc.

Figma

Figma's securities lost more than 10% amid the "software apocalypse," but even after the correction, the securities are overvalued, Barron's wrote

Cathie Wood's funds bought $25 million worth of Figma stock, should we follow suit?

GDP in the U.S. <a href="https://www.bea.gov/news/2026/gdp-advance-estimate-4th-quarter-and-year-2025">grew</a> only 1.4% in the fourth quarter of 2025, while economists surveyed by Dow Jones expected the economy to expand by 2.5%, CNBC <a href="https://www.cnbc.com/2026/02/19/stock-market-today-live-updates.html">writes</a>. The release was delayed due to the shutdown of federal agencies. In the third quarter of 2025, the index <a href="https://oninvest.com/article/potrebitel-skie-rashody-obespecili-ekonomike-ssa-samyj-bystryj-prirost-za-dva-goda">expanded</a> by 4.4%, significantly beating forecasts.

US economic growth was much worse than expected, core inflation accelerated

This may be the first known case where a US investor has decided to "formalize" a new business project with a major Russian company in recent years, the NYT writes

Trump-linked investor to produce gas in Alaska with Russia's Novatek

Recursion Pharmaceuticals, Inc.

ARK Invest, headed by investor Cathie Wood, has increased its stake in small-cap biotech Recursion Pharmaceuticals, which <a href="https://ir.recursion.com/">uses</a>&nbsp;one of the world’s most powerful supercomputers to identify patterns and develop therapies for deadly diseases. The news of Wood's purchase <a href="https://finance.yahoo.com/quote/RXRX/">helped lift</a> the stock more than 5% on Thursday. Earlier, it emerged that chipmaker Nvidia had exited its position in the company.

Cathie Wood increases stake in small-cap biotech Recursion after Nvidia exits

The gap between the capitalization-weighted S&amp;P 500 Index and its equilibrium counterpart is now the most extreme since 1992

"Comparable to the dot-com bubble": what are the risks of the biggest shift in the S&amp;P 500 in 30 years

GRAIL, Inc.

Opendoor Technologies Inc.

Copart, Inc.

Akamai Technologies, Inc.

RingCentral, Inc.

Apple Inc.

Deere & Company

Omnicom Group Inc.

Booking Holdings Inc.

EPAM Systems, Inc.

Occidental Petroleum Corporation

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.

Morning in New York: consumer spending data will increase volatility

Tesla, Inc.

Mirae Asset Securities Co., Ltd.

Investors are buying up Mirae Asset shares for access to SpaceX and xAI assets

180% YTD: bet on SpaceX propels Korean brokerage to top of global index

Amazon.com, Inc.

Microsoft Corporation

Two tech giants, Amazon and Microsoft, are working on creating their own marketplaces for AI training content. They could become intermediaries in a marketplace where publishers can legally sell data for training and use by algorithms. Why would they want to do this?

Amazon and Microsoft are working to create marketplaces for AI training. Why they need it

Newmont Corporation

Gold hovered around $5,000 an ounce on Feb. 20, holding on to a two-day gain

Gold miner Newmont beat forecasts for the fifth consecutive quarter. Why did the stock plummet?

NVIDIA Corporation

SoftBank Corp.

Nvidia is close to investing up to $30 billion in OpenAI at the startup's valuation of $730 billion - the new deal will replace the previous $100 billion framework agreement, which was never legally formalized, and will be part of OpenAI's funding round worth over $100 billion. Oil is holding near six-month highs after US President Donald Trump's ultimatum to Iran and America's largest military build-up in the Middle East since 2003. These and other topics are in our review of key events for the morning of February 20.