Market Summary - February 19, 2026
Index Performance
| Index | Change (Up/Down) | Percentage Change (%) | Last Value |
|---|---|---|---|
| DJ Industrials | -190.23 | 0.38% | 49,472 |
| S&P 500 | -18.59 | 0.27% | 6,862 |
| Nasdaq | -61.08 | 0.27% | 22,692 |
| Russell 2000 | -10.04 | 0.38% | 2,628 |
Market Overview
The U.S. stock markets have experienced significant volatility over the past two weeks, with various sectors alternating between leadership and lagging positions. Energy stocks (XLE) have shown remarkable strength, up 24% in 2026, while technology stocks (XLK) have retraced some of their gains, currently down about 3% for the year. In contrast, the cryptocurrency market, particularly Bitcoin, has seen a sharp decline, down approximately 50% from its all-time highs recorded last October.
The U.S. dollar index (DXY) has reached a four-week high above 98, while precious metal prices are experiencing a rebound. Oil prices are also on the rise due to escalating tensions with Iran, as reports suggest that President Trump may be moving closer to military action in the region. The Wall Street Journal has noted a significant increase in U.S. air power in the Middle East, the highest since the 2003 Iraq invasion.
Earnings Reports
In earnings news, Walmart (WMT) reported better-than-expected quarterly results but provided conservative guidance moving forward. Other notable earnings include:
- Deere (DE) reached record highs following strong results.
- Occidental Petroleum (OXY) led the energy sector post-results.
- Carvana (CVNA) and Wayfair (W) saw declines in the auto and retail sectors, respectively.
Economic Data
Several economic indicators were released today:
- Weekly jobless claims fell to 206,000, better than the expected 225,000.
- Philadelphia Fed business conditions index rose to 16.3, significantly above the consensus of 8.5.
- The U.S. trade deficit increased by 32.6% to $70.3 billion in December, surpassing expectations.
- Pending home sales fell 0.4% from January 2025, below the expected increase of 1.3%.
Sector Movers
Gainers
- CDE +8%: Following earnings and a rebound in precious metal prices.
- DASH +8%: Reported Q4 GOV and EBITDA slightly above estimates.
- DE +6%: Strong Q1 results led to a raised FY net income forecast.
- EBAY +7%: Announced acquisition of Depop from ETSY for $1.2 billion.
- OXY +9%: Better EPS driven by midstream unit strength.
Laggers
- BTDR -15%: Announced a proposed private placement of convertible bonds.
- CAR -19%: Adjusted EBITDA forecast missed analyst estimates.
- CVNA -3%: Disappointing gross profit per unit led to a decline.
- KLAR -23%: Swung to a net loss for Q4 despite sales growth.
- POOL -12%: Q4 miss and lower annual profit forecast weighed on shares.
Conclusion
The market remains in a state of flux, with energy stocks showing resilience while technology and cryptocurrency sectors face challenges. Economic indicators suggest mixed signals, and earnings reports continue to drive stock movements across various sectors.