CNBC Business News Update Market Midday: Stocks Lower, Nvidia Drops After Post-Earnings Pop, State Farm To Lower Auto Insurance Premiums 2/26/26
Feb 26, 2026
Josh Brown, CEO of Ritholtz Wealth Management and market commentator, explains why NVIDIA often retreats after big earnings moves. Contessa Brewer, CNBC correspondent and anchor, reports State Farm cutting auto premiums and returning $5 billion. They also cover job cuts at eBay and recent labor claim trends.
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NVIDIA's Post‑Earnings Anticlimax Pattern
- NVIDIA can report blowout quarters yet still see an immediate pullback in price after earnings.
- Josh Brown notes the stock rarely rallies post-earnings, citing its behavior over the last 12 quarters as the pattern.
Avoid Buying NVIDIA On Earnings Day
- Avoid buying NVIDIA stock on the day of earnings expecting an immediate big gain.
- Josh Brown advises looking at charts: the last 12 quarters show the stock often runs into numbers then is anticlimactic the next day.
State Farm Returning Billions And Cutting Premiums
- State Farm is returning about $5 billion to car insurance members and lowering premiums roughly 10% across 40 states.
- The cuts follow declines in auto repair costs and fewer crashes in 2025 after premiums rose over 50% in three years.