Katherine Sullivan

The software development tools firm expects slower annual sales growth due to artificial intelligence threats.

CrowdStrike stock rose 4% after the cybersecurity company posted strong quarterly earnings.

Clients are turning to the firm to combat more complicated cyber threats due to AI.

Meta Platform's shares climbed 2%.

The company is reportedly creating a new AI engineering body to bolster superintelligence efforts.

Bath & Body Works' stock jumped nearly 3%.

The retailer reported progress on its refocus towards core products like scented candles and body care.

And shares of Coinbase Global surged almost 15% as various cryptocurrencies rallied.

Robinhood stock also climbed 8% following the rebound in digital assets.

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Here's your Closing Bell Brief for Friday, February 27th.

I'm Katherine Sullivan for The Wall Street Journal.

U.S.

stocks fell today to close out February.

All three major indexes dropped amid concerns about inflation and the private credit market.

The Dow led the decline with a loss of about 1.1 percent.

The Nasdaq was down 0.9 percent, and the S&P 500 dropped 0.4 percent.

An unexpected jump in wholesale inflation also weighed on investor sentiment.