Traders work at the New York Stock Exchange on Feb. 10, 2026.
NYSE
Stock futures were relatively unchanged on Friday, a day after a downbeat session for the U.S. stock market, as a key consumer inflation report failed to ignite a meaningful rally.
S&P 500 futures rose 0.1%, while Nasdaq 100 futures climbed 0.2%. Futures tied to the Dow Jones Industrial Average were up 43 points, or 0.1%.
On Friday, the Bureau of Labor Statistics reported that the consumer price index — which measures the costs for goods and services in the U.S. economy — rose 0.2% in January, reflecting a gain of 2.4% on an annualized basis. The inflation gauge was expected to show a 0.3% increase on a month-over-month basis and a 2.5% advance from a year earlier, according to economists polled by Dow Jones.
When excluding volatile food and energy prices, core CPI came in line with expectations at 0.3% on the month and 2.5% year over year, however.
“Today’s inflation report is a relief for investors rattled by AI disruptions in the stock market. It also offsets this week’s strong payrolls report, giving the Fed a little more reason to lean dovish. However it’s still well above the central bank’s target and does little to move the needle near term,” said David Russell, global head of market strategy at TradeStation. “Policy expectations are going nowhere in a hurry.”
In early trading, semiconductor giant Applied Materials jumped 10% on the back of strong earnings results and encouraging outlook. Airbnb shares rose 5% as investors cheered the rental company’s upbeat guidance. Pinterest shares, by contrast, slipped 22% after the company posted fourth-quarter results that missed expectations and issued a weak forecast.
Major U.S. averages dropped on Thursday as fears around artificial intelligence disruption spread across the market, most notably into real estate, trucking and software sectors. The S&P 500 dropped nearly 1.6%, while the Nasdaq Composite lost about 2%. The Dow Jones Industrial Average shed almost 670 points, or 1.3%.
Each of the “Magnificent Seven” tech giants closed in the red. A 12% slide in Cisco Systems, driven by the company’s disappointing guidance, weighed on the broader market. Apple lost 5% during the regular session, notching its worst single-day loss since April 2025.
“In terms of an AI bubble, the reality is there’s some steam coming out of certain names as the market tries to determine winners and losers and is becoming more discriminate,” Brian Levitt, global market strategist at Invesco, said Thursday on CNBC’s “Closing Bell.”
“But the Dow Jones Industrial Average is close to 50,000. The S&P 500 is close to 6,900… There is, obviously, some carnage underneath, but in general, this is not an AI bubble. The markets are holding up very nicely,” he continued.
The three major averages are on pace for weekly losses, with the S&P 500 and Dow off more than 1% through Thursday’s close. The Nasdaq is on track for a 1.9% decline in the period.