The stock market was up slightly on Thursday after recovering from early losses. Stocks initially fell due to geopolitical tensions and rising oil prices, but sentiment improved later in the day as diplomatic developments eased investor concerns, leading to a broad market rebound.
Overall, S&P 500 rose 0.6% to 6,825, while NASDAQ increased 0.8% to 22,822.
Chart of the Day
Here is the one-year chart of S&P Global (SPGI) as of March 4, 2026, when the stock was at $446.
S&P Global stock has been weak as investors fear AI can replicate some of the services the company offers. Adding to the pressure, management provided a more moderate revenue growth guidance of around 8% for 2026.
However, in last quarter’s earnings call, management stated over 95% of the company’s revenue is tied to proprietary benchmarks, differentiation, and critical workflow tools, with this percentage expected to increase over time.
David Sharek, Founder of School of Hard Stocks, is in agreement with management, and feel the AI fears are overblown at this point.
Last quarter, SPGI reported 14% profit growth on 9% revenue growth, which is around what the company usually reports. Indices and Ratings were the standout performers, growing 14% and 12%, respectively. Indices was boosted by a 20% jump in Exchange-Traded Derivatives, fueled by higher volumes in the S&P 500 index (SPX) derivatives, while Ratings benefited from strong issuance volume.
SPGI is part of the Conservative Growth Portfolio.
