Market Summary - February 13, 2026
Market Overview
The U.S. stock market opened on February 13, 2026, with a cautious sentiment as investors awaited direction following the release of key inflation data. The major U.S. indices showed limited movement, remaining below 0.5% as the earnings season continues, with market participants seemingly prioritizing sentiment over the economic data.
Inflation Data
Recent inflation data for January 2026 indicated a year-on-year inflation rate of 2.4%, slightly below the expected 2.5%. On a monthly basis, inflation was reported at 0.2%, also underperforming against the anticipated 0.3%. Core inflation matched expectations at 2.5% year-on-year and 0.3% month-on-month.
Market Indices
The US100 index opened at 24804.13, with buyers struggling to reclaim levels above the 23.6% Fibonacci retracement level, indicating weak demand and a potential loss of momentum. Sellers are targeting resistance at the 61.8% Fibonacci level, which, if broken, could lead to a deeper market correction. The Relative Strength Index (RSI) is approaching overbought territory, providing some support for current price levels.
Company News
- Arista Networks (ANET.US): Shares rose over 6% following strong earnings that exceeded expectations, with management confident about maintaining profit margins despite cost pressures.
- Applied Materials (AMAT.US): The stock surged more than 10% after beating market expectations and providing optimistic sales forecasts for upcoming quarters.
- Pinterest (PINS.US): Shares fell by 20% due to disappointing Q4 results, with both EPS and revenue below expectations, compounded by a pessimistic revenue outlook.
- Alibaba (BABA.US): The stock declined approximately 2% as the U.S. government considers adding it to a list of entities facing export restrictions.
- Rivian (RIVN.US): The electric vehicle manufacturer saw a rise of over 20% after announcing optimistic sales forecasts for a new car model.