By William Collins, consultant in stock markets – Eurasia Business News, February 11, 2026. Article no 2023
On February 11, the three main U.S. equity benchmarks finished little changed, with a mild negative tilt.
The benchmark S&P 500 (SP500) closed flat, while the Nasdaq Composite (COMP:IND) ended -0.2%, and the blue-chip Dow Jones (DJI) was -0.1%.
Over in the bond market, yields were higher after the jobs report. The 10-year Treasury yield (US10Y) was last 3 basis points higher at 4.18%, while the 2-year yield (US2Y) rose 6 basis points to 3.52%.
On February 11, 2026, U.S. stocks were pulled in opposite directions by macro data, interest‑rate expectations, and sector‑specific news, which left the major indexes little changed overall.
Key macro drivers
A strong January payrolls report (about 130,000 jobs added versus ~70,000 expected, unemployment near 4.3%) reinforced the message of a resilient economy.
That strength pushed Treasury yields higher, leading investors to scale back expectations for early or aggressive Federal Reserve rate cuts and reviving the “higher for longer” narrative.
At the same time, softer U.S. retail sales data signaled some cooling in consumption, which made the macro picture more mixed and contributed to the “pause and reassess” tone in equities.
Rates, valuations, and volatility
Higher yields tend to pressure growth and tech stocks, whose valuations depend heavily on low discount rates, so the move in bonds weighed on the Nasdaq and growth segments of the S&P 500.
With indexes near record highs and valuations already rich, investors became more sensitive to any sign that rates might stay elevated, which helped cap further upside and kept volatility somewhat elevated.
Sector and stock-specific influences
Big technology and AI‑linked names came under pressure as investors questioned how much spending is required to sustain the AI boom and whether earnings can keep up with expectations.
Financial stocks also wobbled, partly on worries that new AI‑driven tools could erode the value of some advisory and banking services, and partly because higher yields and changing cut expectations complicate their outlook.
There was notable dispersion in earnings reactions: some companies (for example, Shopify and Vertiv) rallied on strong results and guidance, while others (such as Mattel, Lyft, and several commercial real‑estate names) dropped sharply on weak outlooks or AI‑related fears about property markets.
Why the indexes ended mixed/flat
The Dow, with more exposure to established blue chips and less to high‑growth tech, held up better and only slipped slightly (or was reported as a small gain in some intraday tallies).
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The Nasdaq felt the brunt of profit‑taking and rate‑sensitive selling in tech and software, ending modestly lower.
The S&P 500 sat in between, with sector rotation (into areas like utilities and out of tech/financials) largely offsetting itself, so the index finished roughly flat.
Gold and Silver prices
Gold and silver futures rose sharply on Wednesday even after a stronger-than-expected U.S. jobs report that pushed up Treasury yields and the dollar index, making it more difficult for Federal Reserve officials to build a case for further rate cuts on the basis of labor market weakness.
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The gold price on February 11 is about 5,060–5,110 USD per troy ounce, depending on whether you look at spot/CFD benchmarks or COMEX futures settlement levels.
Silver traded around $84–86 USD per troy ounce, with key intraday levels including $84.235 (futures reference, up ~4.8% on the day), $85.65 (8:30 a.m. ET spot), and highs near $86.12.
Bitcoin at $ 67,000
Bitcoin traded around $66,900–$67,800 USD today.
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© Copyright 2026 – Eurasia Business News. Article no. 2023
Eurasia Business News 