Shares of S&P Global Inc. advanced 3.11% on Friday, closing at $409.54 and outperforming a largely flat broader market. Trading volume surged to approximately 4.7 million shares, nearly twice the 50-day average.
Insider Confidence and Sector Rebound
The move higher followed a Form 4 filing revealing that board member Hubert Joly purchased 2,500 shares on February 11 at an average price near $399, a level close to recent lows. The stock had fallen more than 25% in February amid a sector-wide selloff driven by concerns over AI disruption to established data and software firms.
Friday's rally coincided with a drop in Treasury yields after the January U.S. Consumer Price Index showed a 2.4% annual increase, slightly below the 2.5% forecast. "A bit of good news as we head into the long holiday weekend," noted Tim Holland of Orion.
Outlook and Upcoming Catalysts
Earlier in the week, S&P Global issued its 2026 guidance, forecasting adjusted diluted earnings per share between $19.40 and $19.65 and organic constant-currency revenue growth of 6% to 8%. CEO Martina Cheung stated the firm "delivered a strong quarter driven by performance in all divisions."
Markets are closed Monday for the Presidents Day holiday. Key events for the coming week include the release of Federal Reserve meeting minutes on Wednesday and S&P Global's flash PMI data on Friday, alongside U.S. advance Q4 GDP and the core PCE price index.
