Traders on the floor of the New York Stock Exchange (NYSE) observed a subdued market on February 13, 2026, as S&P 500 futures remained nearly unchanged following two consecutive weeks of declines in the benchmark index. Futures for the broad S&P 500 increased by 0.1%, while Nasdaq 100 futures fell by 0.2%. Conversely, the Dow Jones Industrial Average futures experienced a modest rise of 76 points, or 0.2%. The NYSE was closed on that day in observance of President’s Day.
The past week brought additional losses for the S&P 500, primarily driven by growing concerns regarding the disruptive impact of artificial intelligence on various sectors, including real estate, trucking, and financial services. Both the S&P 500 and the Dow saw declines exceeding 1% last week, while the tech-heavy Nasdaq Composite suffered more significantly, plunging over 2%.
Daniel Skelly, head of the market research and strategy wealth management team at Morgan Stanley, remarked on the current sentiment in the market, stating, “The AI disruption vigilantes were at it again … with new targets.” He pointed out that the S&P 500 has remained relatively flat for the year, indicating a pause in the bull market, which has shifted focus to what he termed a “bull market in ‘disruption hysteria.'”
The market downturn is notable as both the Dow and S&P 500 marked their fourth losing week out of the last five, while the Nasdaq experienced its fifth consecutive weekly drop, the longest losing streak since 2022. Concerns over the implications of AI appeared to outweigh other market factors, such as the recently released consumer price index (CPI) data, which came in softer than market expectations.
Looking ahead, investors are poised for more insights into inflation trends with the personal consumption expenditures (PCE) report scheduled for release on Friday. In addition, the Federal Reserve’s meeting minutes, set to be published on Wednesday, will provide further context on monetary policy.
Earnings reports from major companies are also anticipated this week, with Palo Alto Networks scheduled to release its results after the market closes on Tuesday, followed by expected earnings from DoorDash, Walmart, and Wayfair later in the week.
