Business
Nvidia, Palantir power market rebound as US shutdown nears resolution | The Express Tribune
AI giants lead Wall Street higher as investors cheer progress in Washington to end record federal shutdown
Wall Street ended sharply higher on Monday, led by big gains in Nvidia, Palantir and other heavyweight AI-related companies following progress in Washington to end a record government shutdown.
The longest government shutdown in US history could end this week after a compromise that would restore federal funding cleared an initial Senate hurdle late on Sunday, though it was unclear when Congress would give final approval.
“The government shutdown was continuing a lot longer than people had expected. There were concerns around the economy, about flights potentially being cancelled and having a wider impact on the economy,” said Chris Zaccarelli, Northlight Asset Management’s chief investment officer.
Heavyweight tech stocks rebounded from some recent losses. Last week, the S&P 500 technology sector index (.SPLRCT) tumbled 4.2%.
Nvidia (NVDA.O), the world’s most valuable company, rose 5.8%. AI data analytics firm Palantir (PLTR.O) jumped 8.8% and Tesla (TSLA.O) climbed 3.7%.
“This is a rebound after being slightly oversold last week. It’s another example of the “buy the dip” mantra really acting quickly in the tech and AI space,” said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky.
“There is nothing structural hitting the AI theme. In fact, a lot of earnings reports have been really strong in that sector.”
S&P 500 components so far in 2025
The S&P 500 climbed 1.54% to end the session at 6,832.43 points.
The Nasdaq gained 2.27% to 23,527.17 points, its biggest one-day percentage gain since May 27.
The Dow Jones Industrial Average rose 0.81% to 47,368.63 points.
The small-cap Russell 2000 (.RUT) gained 0.9%, while the PHLX semiconductor index (.SOX) jumped 3%.
Volume on US exchanges was relatively light, with 17.9 billion shares traded, compared with an average of 20.8 billion shares over the previous 20 sessions.
Airlines came under pressure as government-directed flight cuts and air traffic staffing absences disrupted US air travel. United Airlines (UAL.O) dipped 1.3% and American Airlines (AAL.O) fell 2.5%.
On betting website Polymarket, the probability of an end to the shutdown this week stood at 88%.
The longest federal shutdown in history has created a data gap for the Federal Reserve and markets alike, leaving them dependent on private data that has given a mixed picture of the economy.
Some Fed officials reiterated their caution regarding the monetary policy decision at the central bank’s next meeting, while Fed Governor Stephen Miran repeated his call for a big rate cut.
Optimism around artificial intelligence has fueled a bull run in US stocks this year, but concerns around monetisation and circular spending within the sector drove a bout of selling recently. The Nasdaq (.IXIC) last week marked its worst performance in over seven months.
Meanwhile, the third-quarter earnings season is nearly complete. Of the 446 S&P 500 companies that have reported, 83% have delivered better-than-expected earnings, according to data compiled by LSEG.
Shares of health insurers dropped after the U.S. Senate struck a deal to end the 40-day federal shutdown without extending Affordable Care Act subsidies, setting up a December vote on the issue instead.
Centene (CNC.N) dropped 8.8%, Humana (HUM.N) fell 5.4% and Elevance Health (ELV.N) declined 4.4%.
Metsera (MTSR.O) slumped 14.8% after Pfizer won a $10 billion bidding war to acquire the company.
Eli Lilly (LLY.N) rose 4.6% to a record high after Leerink Partners upgraded its rating on the stock.
Advancing issues outnumbered declining ones within the S&P 500 (.AD.SPX) by a 1.7-to-one ratio.
The S&P 500 posted 32 new highs and 8 new lows; the Nasdaq recorded 106 new highs and 128 new lows.
Business
Without Rera data, real estate reform risks losing credibility: Homebuyers’ body – The Times of India
New Delhi: More than 75% of state real estate regulators, Reras, have either never published annual reports, discontinued their publication or not updated them despite statutory obligation and directions from the housing and urban affairs ministry, claimed homebuyers’ body FPCE on Friday. It released status report of 21 Reras as of Feb 13.The availability of updated annual reports is crucial as these contain details of data on performance of Reras, including project completion status categorised by timely completion, completion with extensions, and incomplete projects. The ministry’s format for publishing these reports also specifies providing details such as actual execution status of refund, possession and compensation orders as well as recovery warrant execution details with values and list of defaulting builders.FPCE said annual report data is not only vital for homebuyers to assess system credibility, but is equally necessary for both state and central govts to frame effective policies, design incentivisation schemes, and develop tax policy frameworks.“Unless we have credible data proving that after Rera the real estate sector has improved in terms of delivery, fairness, and keeping its promises, we are merely firing in the air,” said FPCE president Abhay Upadhyay, who is also a member of the govt’s Central Advisory Council on Rera.As per details shared by the entity, seven states — Karnataka, Tamil Nadu, West Bengal, Andhra Pradesh, Himachal Pradesh and Goa — have never published a single annual report since Rera’s implementation, and nine states, including Maharashtra, Uttar Pradesh and Telangana, which initially published reports, have discontinued the practice.Upadhyay said when regulators themselves don’t follow the law, they lose the legal right to demand compliance from other stakeholders. “Their failure emboldens builders and weakens the very system they are meant to safeguard,” he said.
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Over recent quarters, payouts had gradually improved from roughly 65 percent to 80 percent and now to an average of about 85 percent in Q3FY26.
Infosys logo is seen.
IT major Infosys rolled out performance bonus payouts averaging around 85 percent for the quarter ended December 31, 2025 (Q3FY26), marking the strongest variable pay outcome for eligible employees in at least the past three-and-a-half years, Moneycontrol reported citing people in the know.
The bonus payout for mid- to junior-level employees ranges between 75 percent and 100 percent, with most employees clustering around the organisation-wide average of 85 percent, the report said. The development signals a steady recovery in variable compensation at the Bengaluru-headquartered IT services firm. Over recent quarters, payouts had gradually improved from roughly 65 percent to 80 percent and now to an average of about 85 percent in Q3FY26.
Employees are expected to receive their bonus letters over the next few days, with the payout scheduled to be credited along with their February salary.
One employee told the outlet that it is the strongest bonus outcome seen in recent years. The payout is also among the rare instances since the Covid-19 period when variable pay has approached the upper end of the eligible range.
Infosys last paid out 100 percent variable compensation during the pandemic. In the quarters that followed, payouts were lower amid macroeconomic uncertainty and a broader slowdown in client spending across global markets.
The higher payout comes at a time when global IT stocks have faced renewed pressure, driven by concerns over rapid advances in artificial intelligence and their potential impact on traditional IT services models.
Shares of global IT firms have seen sharp sell-offs in recent weeks amid heightened investor focus on AI leaders such as Anthropic. Investors fear that generative AI tools could compress pricing, automate routine services work and reduce demand for legacy outsourcing models.
Against that backdrop, the improved bonus payout at Infosys is being viewed as a signal of operational resilience and near-term performance strength, even as sentiment around the broader IT sector remains cautious.
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February 13, 2026, 21:44 IST
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