Market Recap of the Week of Feb 8, 2026 - Feb 15, 2026

Overall Market Trends:

The majority of the stock market closed lower last week, with three out of the four major indices facing significant declines. The Dow Jones Industrial Average tumbled 600 points (-1.20%), the NASDAQ Composite continued its decline, falling 482 points (-2.15%), and the S&P 500 finished the week down 94 points (-1.36%). The New York Stock Exchange Composite (NYSE) was the sole survivor, climbing 65 points (+0.28%). These results were largely influenced by new economic reports and growing fears over an industry disruption from the A.I. buildout.

Stocks rose on Monday, boosted by tech companies. Oracle (NYSE: ORCL) surged over 9.5% after D.A. Davidson upgraded the company from neutral to a buy rating due to artificial intelligence optimism. Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO) followed, advancing roughly 2.5% and 3.3%, respectively.

The market closed lower on Tuesday as investors grew more anxious about the potential threat A.I. presents to the financial sector. A privately held tech platform, Altruist, launched a new tax planning tool powered by AI, sending financial stocks into a frenzy. Charles Schwab (NYSE: SCHW) plummeted 7.4% while LPL Financial (NASDAQ: LPLA) plunged 8.3%. New retail sales data also came in flat, far weaker than the estimate of a 0.4% monthly gain. Walmart (NASDAQ: WMT) fell more than 1% while Costco (NASDAQ: COST) declined over 2%. Investors looked ahead to the major jobs report and consumer price index (CPI) report set to be released on Wednesday and Friday, respectively.

The January jobs report came and went, as the better-than-expected release failed to spark a sustainable climb, with indices finishing the day in the red. The nonfarm payrolls report showed a gain of 130,000 in January, far exceeding the 55,000 expectations. The unemployment rate also came at 4.3%, which was lower than the estimated 4.4% mark. While on paper this looked very promising, the job growth was extremely concentrated. The market initially spiked, but it quickly faded as interest rate cut futures declined. Software shares continued to fall during Wednesday’s session as Salesforce (NYSE: CRM) and ServiceNow (NYSE: NOW) both fell over 4%. Vertiv (NYSE: VRT) skyrocketed over 24% after beating its earnings and posting strong guidance for 2026.

Markets crumbled on Thursday as investors looked past the benefits of the artificial intelligence buildout and saw how it could negatively affect the market due to disrupting business models of entire sectors while simultaneously raising unemployment. Fear continued to build up throughout the week and fully took effect on Thursday. Morgan Stanley (NYSE: MS) fell over 4% due to AI’s threat to the wealth management sector. C.H. Robinson, a trucking and logistics company, also tumbled 14% over concerns that AI could thwart certain revenue lines in the freight operations business. Palantir (NASDAQ: PLTR) slumped 5%, and Autodesk (NASDAQ: ADSK) pulled back 4% on the day. Precious metals also took a hit to cap off the day, with Silver futures trading down 10%.

Markets stalled on Friday as CPI came in just under the 0.3% expectation at 0.2%. The main fear in the market currently is industry disruption, which is not affected much by inflation, so it has not had too great an effect. The fears spread into the media industry as well, with Netflix (NASDAQ: NFLX) falling just over 6% on the week.

Source: CNBC (Consumer News and Business Channel)

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Upcoming Important Economic Events:

Monday: Markets closed for President’s Day
Tuesday: Empire State manufacturing survey • Home builder confidence index
Wednesday: Housing starts (delayed report) • Durable-goods orders (delayed report) • Industrial production • Minutes of Fed's January FOMC meeting
Thursday: Initial jobless claims • U.S. trade deficit • Leading economic index
Friday: GDP • Personal Consumption Expenditures (PCE) • Core PCE • S&P flash U.S. services PMI • S&P flash U.S. manufacturing PMI • Consumer sentiment (prelim)

Future Earnings Reports:

Market Recap (2/15/26)