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U.S. stocks snapped their two-day winning streak on Tuesday, as investors digested disappointing retail sales data and moved out of tech stocks on concerns over the high-value AI stocks and their impact on the financial sector. The S&P 500 and the Nasdaq ended in the red, but the Dow continued its northbound journey.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) gained 0.1% or 52.57 points, to close at 50,188.14, after closing above the 50,000 mark for the first time on Friday.
The S&P 500 fell 0.3%, or 23.01 points, to end at 6,941.81 points. Financial and healthcare stocks were the worst performers. However, utilities gained.
The Financials Select Sector SPDR (XLF) lost 0.7%. The Health Care Select Sector SPDR (XLV) declined 0.6%. The Utilities Select Sector SPDR (XLU) added 1.7%, while the Real Estate Select Sector SPDR (XLRE) and Materials Select Sector SPDR (XLB) each gained 1.4%. Six out of the 11 sectors of the benchmark index ended in positive territory.
The tech-heavy Nasdaq declined 0.6%, or 136.20 points, to finish at 23,102.47 points.
The fear gauge, CBOE Volatility Index (VIX), was up 2.48% to 17.79. Advancers outnumbered decliners on the NYSE by a 1.47-to-1 ratio. On the Nasdaq, a 1.08-1 ratio favored declining issues. A total of 17.89 billion shares were traded on Tuesday, lower than the last 20-session average of 20.68 billion.
On the Nasdaq, there were 105 new 52-week highs and 107 new lows. On the NYSE, there were 795 new highs and 65 new lows. On the S&P 500, there were 72 new 52-week highs and 11 new lows.
Retail Sales Figures Disappoint
Stocks retreated on Tuesday from the highs attained in the previous session. Retail stocks were among the biggest sufferers after data showed retail sales stalled in December. The Commerce Department reported that retail sales came in flat in December, missing the consensus estimate of a rise of 0.4% as consumer spending slowed. Retail sales climbed 0.6% in November.
Tech stocks, which rallied in the previous two sessions, once again suffered on Tuesday as concerns grew over how much tech companies need to spend to sustain the AI boom. Shares of big players like Amazon.com, Inc. ((AMZN - Free Report) ), Alphabet Inc. ((GOOGL - Free Report) ) and Meta Platforms, Inc. ((META - Free Report) ) that have pumped in billions of dollars in AI, took a hit on Tuesday.
Shares of Amazon, META and Alphabet declined 0.9%, 1.8% and 1%, respectively. Also, financial stocks came under pressure on Tuesday following the tech platform Altruist’s launch of a new AI-driven tax planning tool. Shares of JPMorgan Chase & Co. ((JPM - Free Report) ) and Morgan Stanley ((MS - Free Report) ) fell 1.2% and 2.5%, respectively.
Investors are now looking forward to the key consumer price index (CPI) and the all-important jobs reports.
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Stock Market News for Feb 11, 2026
U.S. stocks snapped their two-day winning streak on Tuesday, as investors digested disappointing retail sales data and moved out of tech stocks on concerns over the high-value AI stocks and their impact on the financial sector. The S&P 500 and the Nasdaq ended in the red, but the Dow continued its northbound journey.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) gained 0.1% or 52.57 points, to close at 50,188.14, after closing above the 50,000 mark for the first time on Friday.
The S&P 500 fell 0.3%, or 23.01 points, to end at 6,941.81 points. Financial and healthcare stocks were the worst performers. However, utilities gained.
The Financials Select Sector SPDR (XLF) lost 0.7%. The Health Care Select Sector SPDR (XLV) declined 0.6%. The Utilities Select Sector SPDR (XLU) added 1.7%, while the Real Estate Select Sector SPDR (XLRE) and Materials Select Sector SPDR (XLB) each gained 1.4%. Six out of the 11 sectors of the benchmark index ended in positive territory.
The tech-heavy Nasdaq declined 0.6%, or 136.20 points, to finish at 23,102.47 points.
The fear gauge, CBOE Volatility Index (VIX), was up 2.48% to 17.79. Advancers outnumbered decliners on the NYSE by a 1.47-to-1 ratio. On the Nasdaq, a 1.08-1 ratio favored declining issues. A total of 17.89 billion shares were traded on Tuesday, lower than the last 20-session average of 20.68 billion.
On the Nasdaq, there were 105 new 52-week highs and 107 new lows. On the NYSE, there were 795 new highs and 65 new lows. On the S&P 500, there were 72 new 52-week highs and 11 new lows.
Retail Sales Figures Disappoint
Stocks retreated on Tuesday from the highs attained in the previous session. Retail stocks were among the biggest sufferers after data showed retail sales stalled in December. The Commerce Department reported that retail sales came in flat in December, missing the consensus estimate of a rise of 0.4% as consumer spending slowed. Retail sales climbed 0.6% in November.
Among the worst hit were Costco Wholesale Corporation ((COST - Free Report) ), with shares declining 2.6%. Shares of The Kroger Co. ((KR - Free Report) ) fell 3%, while Dollar Tree, Inc. ((DLTR - Free Report) ) ended the day 1% lower. Costco has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Tech, Financial Stocks Come Under Pressure
Tech stocks, which rallied in the previous two sessions, once again suffered on Tuesday as concerns grew over how much tech companies need to spend to sustain the AI boom. Shares of big players like Amazon.com, Inc. ((AMZN - Free Report) ), Alphabet Inc. ((GOOGL - Free Report) ) and Meta Platforms, Inc. ((META - Free Report) ) that have pumped in billions of dollars in AI, took a hit on Tuesday.
Shares of Amazon, META and Alphabet declined 0.9%, 1.8% and 1%, respectively. Also, financial stocks came under pressure on Tuesday following the tech platform Altruist’s launch of a new AI-driven tax planning tool. Shares of JPMorgan Chase & Co. ((JPM - Free Report) ) and Morgan Stanley ((MS - Free Report) ) fell 1.2% and 2.5%, respectively.
Investors are now looking forward to the key consumer price index (CPI) and the all-important jobs reports.