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News articleNasdaq· February 11, 2026

Stocks Settle Mixed as Fed Rate Cut Chances Slip

View original at nasdaq.com
Stocks Settle Mixed as Fed Rate Cut Chances Slip The S&P 500 Index ($SPX) (SPY) closed unchanged on Wednesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.29%…
Opening lines of the source · Nasdaq · short snapshot — read the full document at the original

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  • Q1 revenue forecast of $158 million to $172 million

    80% confidence
  • Full-year Ebitda margin forecast of 18% to 19%

    80% confidence
  • Further rate cuts risk allowing high inflation to persist even longer

    80% confidence
  • Q4 earnings excluding Magnificent Seven expected to increase by +4.6%

    80% confidence
  • Full-year adjusted EPS forecast of $2.55 to $2.65

    80% confidence
  • Fed should hold rates at a somewhat restrictive level

    80% confidence
  • Full-year adjusted EPS forecast of $1.18 to $1.30

    80% confidence
  • S&P earnings growth is expected to climb by +8.4% in Q4

    80% confidence
  • Full-year revenue forecast of $835 million to $843 million

    80% confidence
  • Full-year revenue forecast of $2.79 billion to $2.80 billion

    80% confidence
  • Full-year net sales forecast of $13.25 billion to $13.75 billion

    80% confidence

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What we're seeing
Obesity and Immunology Readouts, Big Pharma M&A and AI-Designed Drugs Converge Into a Q4 2026 Catalyst Wave
Late-stage data and deal activity are clustering ahead of Q4 2026. Novo Nordisk's CagriSema won Best Abstract at EASD 2026 for its brain and body (fMRI/MRI) data, Lilly showed ADtouch results for EBGLYSS and agreed to buy Merida Biosciences for $2.9B, and Merck's tulisokibart hit its Phase 2b endpoints. A key regulatory catalyst follows: the FDA PDUFA date for the ivonescimab BLA on 2026-11-14. AI-designed rentosertib showing anti-aging effects adds a speculative AI-drug-discovery thread, while QAIAx's microcities trial and QIII pilot (planned 2027-01-01) are peripheral, forecast-only items.
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Satellite-Terrestrial Network Integration Acceleration
Increased investment and launches in hybrid satellite-cellular networks across telecom industry; competitive responses from other carriers; regulatory activity around satellite spectrum; expansion of emergency/rural connectivity use cases
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Where sources disagree
ING Group
Both facts record the same metric (shares_outstanding) for ING Group at the identical observation date (2025-12-31). FACT A states 2,902,437,688 shares; FACT B states 2,902 million shares (2,902,000,000). The difference is 437,688 shares (~0.015%). This is a genuine value conflict, though the discrepancy appears to result from FACT B rounding to the nearest million while FACT A provides the precise count.
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