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News articleYahoo Finance· February 12, 2026

Stock market today: Dow, S&P 500, Nasdaq sink as tech stocks get pummeled

View original at finance.yahoo.com
Stock market today: Dow, S&P 500, Nasdaq sink as tech stocks get pummeled US stocks turned sharply lower Thursday, as investors revived a rotation out of megacap tech stocks as they looked ahead Friday's inflation reading to guide rate-cut bets, already dampened by a strong January jobs report…
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  • The key risk to Warsh's call for significant cuts is a decline in the unemployment rate. Therefore, the path to cuts under Warsh (which we don't think the economy needs) now looks narrower.

    80% confidence
  • January jobs report is 'a feast for the hawks'.

    80% confidence
  • World oil demand will rise by 850,000 barrels per day this year, 80,000 bpd lower than the January forecast, and the market will spend 2026 in a deep oversupply glut of 3.73 million bpd.

    80% confidence
  • The broad-based strength in the January jobs report vindicates our view that the Fed won't cut under Powell.

    80% confidence
  • Oil demand will rise by 1.38 million bpd this year.

    80% confidence
  • The system is ill-equipped to address the dramatic increase in demand created by AI data centers.

    80% confidence
  • We see strong, broad-based demand for our technology solutions and remain focused on capturing the significant opportunities we see ahead.

    80% confidence
  • If the unemployment rate is stable or down even further by June, Warsh might be stuck on hold for the rest of the year.

    80% confidence
  • The regulatory framework was not designed for single-sector load shocks, so policymakers are attempting to adjust in real time to the scale and speed at which the load forecasts are changing.

    80% confidence
  • BofA is maintaining its prediction of two rate cuts under a Warsh-led Fed.

    80% confidence
  • The global oil market is tightening instead of loosening, especially as the US ratchets up pressure on Russia and Iran, pushing buyers to find barrels in other markets.

    80% confidence

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Autumn 2026 Biopharma Catalyst Season: Late-Breaking Data, FDA Milestones and the Rise of AI-Designed Drugs
Late-September and early-October 2026 conferences (EASD, EADV, IGCS) brought a cluster of positive late-breaking trial readouts. These covered obesity and metabolic disease (Novo Nordisk's CagriSema), immunology (Lilly's EBGLYSS, tulisokibart) and oncology (Rina-S, Agenus BOT+BAL). Ahead lie hard regulatory catalysts, led by the 14 Nov 2026 FDA PDUFA date for ivonescimab. At the same time, Insilico-style AI-designed drugs such as rentosertib are showing anti-aging signals. That points to AI-driven drug discovery moving from concept toward clinical validation. Unrelated tech and regulatory items (Tesla Cybercab probe, xAI litigation, OpenAI agent incident) and the speculative QAIAx claims are peripheral to this story.
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EPKINLY Regulatory-Clinical Success Cascade
High probability of expanded label indications, additional combination approvals, and competitive positioning strength in follicular lymphoma market. Predicts positive commercial uptake and potential accelerated review for related indications.
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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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