Українська
Русский
English
Bitcoin’s decline was accompanied by chaos in the U.S. stock market
On Thursday, U.S. stock markets showed mixed performance: the Dow Jones Industrial Average edged higher, while the S&P 500 and the Nasdaq Composite remained under pressure as investors reassessed interest rate expectations and pulled money out of fast-growing technology stocks.
Nasdaq Composite index as of February 12, 2026
The decline is believed to have followed the release of the January employment report, which showed the creation of 130,000 non-farm jobs, far exceeding forecasts of around 55,000. The unemployment rate fell to 4.3%, reinforcing the view that the labor market remains stable.
However, this resilience weakened hopes for a near-term rate cut by the Federal Reserve. Treasury yields in the 4.15–4.18% range for 10-year bonds pressured rate-sensitive tech stocks while supporting financial and industrial companies more closely tied to economic growth.
As a result, energy and industrial sector stocks showed relative strength, while some segments of software and semiconductors struggled amid concerns about the disruptive impact of artificial intelligence and elevated valuations.
Shares of AppLovin fell sharply despite earnings beating expectations, as investors questioned AI’s long-term impact. Shares of Cisco Systems also declined after reporting AI-driven revenue growth but noting rising costs. Meanwhile, Novocure rose after FDA approval of a cancer treatment device, while Vertiv and GlobalFoundries gained on earnings and outlook.
The Cboe Volatility Index was also in focus.
Attention now turns to Friday’s Consumer Price Index (CPI) report. Economists expect annual inflation of around 2.5%. Lower-than-expected data could revive rate-cut speculation and support growth stocks.
See also: "The “Fear and Greed Index” has again reached single-digit values"
