Market Summary - February 10, 2026
US Market Overview
On February 10, 2026, Wall Street opened with modest gains despite disappointing retail sales data. The S&P 500 index rose approximately 0.2%, the Nasdaq increased by 0.1%, and the Dow Jones gained nearly 0.5%. This positive sentiment follows a strong close from the previous day, where the Dow Jones reached a record closing level, driven by the resilience of major technology companies.
Retail Sales Data
Recent data revealed that U.S. retail sales for December were flat, significantly missing expectations. The core retail sales, which exclude auto sales, also showed no growth. This stagnation in consumer spending raises concerns about potential economic slowdown and could limit inflationary pressures. Additionally, labor costs are rising but at a slower rate than anticipated, suggesting that inflation may continue to decline. This scenario increases the likelihood of a more dovish stance from the Federal Reserve, potentially leading to interest rate cuts in the future.
Sector Performance
Futures for the S&P 500 are slightly higher, buoyed by positive sentiment in the technology sector, despite the weak retail sales data. The slower consumer spending could enhance the chances of a more accommodative Federal Reserve policy, sustaining the overall positive market mood.
Company News
- Alphabet (GOOGL.US): Raised $20 billion through a corporate bond offering to fund its AI business expansion. The offering attracted over $100 billion in investor interest, with proceeds aimed at enhancing data centers and AI technologies.
- S&P Global (SPGI.US): Shares fell approximately 7% after Q4 results and 2026 guidance disappointed investors, with earnings per share below consensus despite a slight revenue increase.
- Datadog (DDOG.US): Shares rose following Q4 results that exceeded revenue and earnings expectations, reporting a 29% year-over-year revenue growth and providing optimistic Q1 2026 guidance.
- Spotify (SPOT.US): Shares increased after Q4 results showed strong growth in monthly active users and premium subscribers, leading to higher revenue and profitability.
- Coca-Cola (KO.US): Shares declined despite slightly beating earnings estimates, as revenue fell short of expectations and the 2026 sales forecast was moderate.