Traders work at the New York Stock Exchange on Feb. 10, 2026. <\/p>\n
NYSE<\/p>\n
Stock futures were roughly flat Thursday night after a downbeat day for the U.S. stock market. Traders also looked ahead to a key consumer inflation report due Friday morning.<\/p>\n
S&P 500 futures<\/a> advanced 0.02%, while Nasdaq 100 futures<\/a> gained 0.04%. Futures tied to the Dow Jones Industrial Average<\/a> were little changed.<\/p>\n In after-hours trading, semiconductor giant Applied Materials<\/a> jumped 13% on the back of strong earnings results and encouraging outlook. Airbnb<\/a> shares rose about 4% as investors cheered the rental company’s upbeat guidance<\/a>. Pinterest<\/a> slipped 17% on fourth-quarter results<\/a> that missed expectations, as well as a weak forecast.<\/p>\n Major U.S. averages dropped on Thursday as fears around artificial intelligence disruption spread across the market, most notably into real estate<\/a>, trucking<\/a> and software sectors. The\u00a0S&P 500<\/a>\u00a0dropped nearly 1.6%, while the\u00a0Nasdaq Composite<\/a>\u00a0lost about 2%. The\u00a0Dow Jones Industrial Average<\/a>\u00a0shed almost 670 points, or 1.3%. <\/p>\n Each of the “Magnificent Seven” tech giants closed in the red. A 12% slide in Cisco Systems<\/a>, driven by the company’s disappointing guidance<\/a>, weighed on the broader market. Apple<\/a> lost 5% during the regular session, notching its worst single-day loss<\/a> since April 2025. <\/p>\n “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<\/a>.” <\/p>\n “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.<\/p>\n