Dow Up, Megan Holdings Class A Up

The NASDAQ fell 273.69 points.

The DOW rose 17.05 points.

The S&P fell 37.27 points.

The Dow Jones Industrial Average closed modestly higher amid stabilizing sentiment after recent volatility and as investors rotated into value-oriented sectors while tech faced pressure from post-earnings reactions, including muted responses to Nvidia's results despite strong numbers. The blue-chip index added 17.05 points, or less than 0.1% (approximately 0.03%), to finish at 49,499.20. This came on a day of mixed performance, with the index showing resilience compared to the broader market's declines, contributing to a relatively calm session ahead of month-end flows.

All this as Megan Holdings Limited Class A shares rose 0.18 points to end the day at $1.41 per share. The Malaysia-based aquaculture farm development and maintenance company stock climbed notably, up about $0.18 or 14.75% from the prior close in some reports, though momentum carried into the following session. Trading volume surged well above average as the company announced the pricing of its $8.3 million follow-on public offering of 20,750,000 Class A ordinary shares at $0.40 per share on February 26, 2026. The reasonable best-efforts offering, led by D. Boral Capital LLC as exclusive placement agent, was expected to close on or about February 27, generating gross proceeds of approximately $8.3 million before deducting fees and expenses.

The stock opened higher and traded in an elevated range during the session, reflecting strong investor interest in the capital raise. Proceeds are slated primarily for business expansion, potential acquisitions, development of new products such as its Smart Farming System, and general working capital purposes. The announcement drove the positive performance, making MGN a standout gainer amid broader market caution and sector rotations.