By Mackenzie Tatananni, Adam Clark, and Joe Woelfel
Stocks traded higher Friday following the Supreme Court ruling against the tariffs President Donald Trump imposed under the International Emergency Economic Powers Act.
These stocks were making moves:
Grail cratered 51% after the biotechnology company said Galleri, its multi-cancer early detection test, failed to meet the primary endpoint in a recent trial. While it didn't meet the target of a statistically significant reduction in Stage III and Stage IV cancer, the trial showed a favorable trend toward fewer Stage III and Stage IV cancers in a pre-specified group of 12 deadly cancers, the company said.
Corning advanced 6.6% to $138.36. The maker of fiber and cabling for data centers was the top performer in the S&P 500 on Friday after UBS reiterated a Buy rating on the shares and hiked its price target to $160 from $125.
Comfort Systems USA, another data-center-infrastructure company, rose 5.8% after reporting earnings late Thursday. Optical networking company Ciena added 4.6%.
Opendoor Technologies rose 3.9%. The online home-buying platform recorded a quarterly loss of $1.26 a share on revenue of $736 million. Analysts were looking for $594 million. Opendoor said it expects revenue to fall roughly 10% on a sequential basis in the current quarter. The company also is aiming for adjusted net income to turn positive by the end of 2026.
Newmont was down 2%. The gold miner reported adjusted earnings of $2.52 a share, ahead of the $2.05 analysts had anticipated. Revenue rose 21% to $6.82 billion, ahead of calls for $6.19 billion. The average realized gold price was $4,216 in the fourth quarter, up 60% from the previous year. Heading into Friday, the stock had climbed 26% in 2026.
Shares of retailers heavily exposed to tariffs gained momentum following the Supreme Court ruling. Furniture retailer Wayfair rose 2.7%, footwear brand Crocs added 3.5%, and Williams-Sonoma, the owner of Pottery Barn and West Elm, rose 2%.
Nvidia rose 1%. The chip maker intends to invest $30 billion in ChatGPT-developer OpenAI's latest funding round, multiple outlets reported. That would replace a previously announced plan for Nvidia to invest up to $100 billion in OpenAI, according to the Financial Times. Nvidia declined a Barron's request for comment.
Akamai Technologies slid 13%. The cloud-services company posted adjusted earnings of $1.84 a share, outstripping analysts' calls for $1.76. However, Akamai forecast an uptick in capital spending in 2026, saying capex will be 23% to 26% of revenue for the year, up from 19% in 2025.
AppLovin rose 1.3%. The advertising platform intends to build its own social-networking platform, according to comments made by an executive in a podcast interview and a job posting on its website.
Copart declined 4%. The operator of online vehicle auctions reported net income of $350.7 million, missing the $382.5 million in net income Wall Street had expected. Revenue grew 3.6% to $1.12 billion, which was below the $1.15 billion consensus among analysts polled by FactSet.
Chemours slumped 16%. The chemical maker posted lower sales in the fourth quarter, driven by weakness in titanium dioxide and products in its advanced materials business, such as Teflon. Sales of its Opteon coolant, which can be used in data centers, grew 37% to $243 million, but it wasn't enough to offset an earnings miss.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com and Adam Clark at adam.clark@barrons.com
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(END) Dow Jones Newswires
February 20, 2026 15:15 ET (20:15 GMT)
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