Kyndryl and Monday.com Stocks Drop, Cleveland-Cliffs and Chegg Fall After Q4 Earnings

Market reaction to Q4 earnings intensified on February 9, 2026. The S&P 500 was on track for double-digit earnings growth as of 22:01 UTC, with over half of companies reporting. Notable declines included shares of Kyndryl (KNY) and Monday.com (MON), pressured by lower-than-expected revenue and guidance. Cleveland-Cliffs (CLFS) and Chegg (CHGG) also slid after reporting disappointing results. The breadth of earnings reports and mixed outcomes continue to shape sector-specific volatility and investor sentiment.