No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, February 16, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Stocks Slip Due to Weakness in Megacap Technology Stocks

by TheAdviserMagazine
2 months ago
in Business
Reading Time: 4 mins read
A A
Stocks Slip Due to Weakness in Megacap Technology Stocks
Share on FacebookShare on TwitterShare on LInkedIn


The S&P 500 Index ($SPX) (SPY) today is down -0.24%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.24%.  March E-mini S&P futures (ESH26) are down -0.28%, and March E-mini Nasdaq futures (NQH26) are down -0.27%.

Stock indexes are moving lower today, led by losses in megacap technology stocks.  Also, today’s plunge in metals prices is weighing on mining stocks.  Lower bond yields are supportive of stocks, with the 10-year T-note yield falling to a 1-week low of 4.10% today.

Silver and platinum fell sharply from fresh record highs today amid profit-taking following their parabolic rallies.  The recent surge in both metals has taken prices to overbought levels, sparking technical selling.  Also, the CME today raised margin levels for precious metals trading, which has sparked some long liquidation pressure.

Crude oil prices are up by more than +2% today, lifting energy producers and limiting losses in the broader market, as advanced peace talks over the weekend to end the Ukraine-Russian war failed to yield a breakthrough. Geopolitical tensions from Venezuela to Nigeria are also supporting crude prices.   In addition, crude prices rose after China’s Ministry of Finance on Sunday pledged to broaden its fiscal spending base next year, signaling government support to drive economic growth.

Seasonal factors are bullish for stocks.  According to data from Citadel Securities, since 1928, the S&P 500 has risen 75% of the time in the last two weeks of December, climbing 1.3% on average.

Market attention this holiday-shortened week will focus on US economic news. Later today, Nov pending home sales are expected to climb +1.0% m/m.  On Tuesday, the Dec MNI Chicago PMI is expected to rise by +3.5 points to 39.8. Also, the minutes of the December 9-10 FOMC meeting will be released.  On Wednesday, initial weekly unemployment claims are expected to increase by 1,000 to 215,000.  On Friday, the Dec S&P manufacturing PMI is expected to remain unrevised at 51.8.

The markets are discounting the odds at 19% for a -25 bp rate cut at the FOMC’s next meeting on January 27-28.

Story continues

Overseas stock markets are mixed today.  The Euro Stoxx 50 is up +0.17%.  China’s Shanghai Composite climbed to a 6-week high and closed up +0.04% for the ninth consecutive daily gain.  Japan’s Nikkei Stock 225 closed down -0.44%.

Interest Rates

March 10-year T-notes (ZNH6) today are up by +4 ticks.  The 10-year T-note yield is down -1.6 bp to 4.112%.  Mar T-notes rose to a 1-week high today, and the 10-year T-note yield fell to a 1-week low of 4.102%.  Today’s stock market weakness is boosting safe-haven demand for T-notes.  Also, geopolitical risks in Venezuela and Nigeria have added to the safe-haven appeal of T-notes.

European government bond yields are moving lower today.  The 10-year German bund yield fell to a 1.5-week low of 2.836% and is down -1.4 bp at 2.848%.  The 10-year UK gilt yield dropped to a 1-week low of 4.459% and is down -0.7 bp to 4.500%.

Swaps are discounting a 2% chance of a +25 bp rate hike by the ECB at its next policy meeting on February 5.

US Stock Movers

The Magnificent Seven stocks are mostly lower today, pressuring the broader market.  Nvidia (NVDA) and Tesla (TSLA) are down more than -1%.  Also, Meta Platforms (META) is down -0.82%, Alphabet (GOOGL) is down -0.40%, Amazon.com (AMZN) is down -0.23%, and Microsoft (MSFT) is down -0.02%.  Bucking the trend, Apple (AAPL) is up +0.15%.

Mining companies are weaker today, with gold prices down more than -3% and silver prices plunged more than -7% after initially climbing to a new record high.  Hecla Mining (HL) is down more than -6%, and Newmont (NEM) is down more than -5% to lead losers in the S&P 500.  Also,  Coeur Mining (CDE) is down more than -4%, and Freeport-McMoRan (FCX) is down more than -2%.

Energy companies are moving higher today, with WTI crude up more than +2%.  Devon Energy (DVN), Marathon Petroleum (MPC), Halliburton (HAL), APA Corp (APA),  Diamondback Energy (FANG), ConocoPhillips (COP), and Occidental Petroleum (OXY) are up more than +1%.  Also, Chevron (CVX) is up +0.63% to lead gainers in the Dow Jones Industrials.

Praxis Precision Medicine (PRAX) s is up more than +14% after getting a breakthrough therapy designation from the FDA for its ulixacaltamide for the treatment of patients with essential tremor.

DigitalBridge Group (DBRG) is up by more than +9% after SoftBank Group acquired the company for about $4 billion, or $16 a share.

Coupang (CPNG) is up more than +1% after offering compensation worth more than $1 billion to all customers affected by a data breach.

Earnings Reports(12/29/2025)

None.

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com



Source link

Tags: duemegacapslipstocksTechnologyweakness
ShareTweetShare
Previous Post

Leading Through Change in Higher Education

Next Post

Underinvested Commodities, Overhyped AI: Reading 2026 the Austrian Way

Related Posts

edit post
ETMarkets Smart Talk| Avoid 40–50x P/E stories without earnings backing, says Sandeep Nayak

ETMarkets Smart Talk| Avoid 40–50x P/E stories without earnings backing, says Sandeep Nayak

by TheAdviserMagazine
February 15, 2026
0

After a sharp post-Budget swing and a phase of elevated volatility, markets are entering a more discerning phase where narratives...

edit post
Rampant AI demand for memory is fueling a growing chip crisis

Rampant AI demand for memory is fueling a growing chip crisis

by TheAdviserMagazine
February 15, 2026
0

A growing procession of tech industry leaders including Elon Musk and Tim Cook are warning about a global crisis in...

edit post
Traders stay guarded as Nifty turns range-bound, support at 25,100 zone

Traders stay guarded as Nifty turns range-bound, support at 25,100 zone

by TheAdviserMagazine
February 15, 2026
0

After failing to hold above 26,000 last week, analysts expect Nifty to remain range-bound, with traders likely to stay cautious....

edit post
OpenAI hires OpenClaw AI agent developer Peter Steinberg

OpenAI hires OpenClaw AI agent developer Peter Steinberg

by TheAdviserMagazine
February 15, 2026
0

Peter Steinberger, creator of popular open-source artificial intelligence program OpenClaw, will be joining OpenAI Inc. to help bolster the ChatGPT...

edit post
Confronting Asia’s chronic conditions means tackling cultural issues as much as medical ones

Confronting Asia’s chronic conditions means tackling cultural issues as much as medical ones

by TheAdviserMagazine
February 15, 2026
0

Asia’s health crisis is often framed as an inevitability: Aging populations, rising medical costs, a surge in lifestyle diseases, elderly...

edit post
How economic data can often be both ‘worse’ and ‘good’

How economic data can often be both ‘worse’ and ‘good’

by TheAdviserMagazine
February 15, 2026
0

A version of this post first appeared on TKer.co An economic metric can simultaneously be getting worse and be good....

Next Post
edit post
Underinvested Commodities, Overhyped AI: Reading 2026 the Austrian Way

Underinvested Commodities, Overhyped AI: Reading 2026 the Austrian Way

edit post
Mastering Risk Management: The Key to Long-Term Trading Success

Mastering Risk Management: The Key to Long-Term Trading Success

  • Trending
  • Comments
  • Latest
edit post
Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

February 3, 2026
edit post
North Carolina Updates How Wills Can Be Stored

North Carolina Updates How Wills Can Be Stored

February 10, 2026
edit post
Where Is My 2025 Oregon State Tax Refund

Where Is My 2025 Oregon State Tax Refund

February 13, 2026
edit post
Gasoline-starved California is turning to fuel from the Bahamas

Gasoline-starved California is turning to fuel from the Bahamas

February 15, 2026
edit post
Key Nevada legislator says lawmakers will push for independent audit of altered public record in Nevada OSHA’s Boring Company inspection 

Key Nevada legislator says lawmakers will push for independent audit of altered public record in Nevada OSHA’s Boring Company inspection 

February 4, 2026
edit post
Grand Rapids Could Become a Boomtown as Investment Money Pours In

Grand Rapids Could Become a Boomtown as Investment Money Pours In

February 12, 2026
edit post
Best Extended Car Warranty Companies for Used Cars in 2026

Best Extended Car Warranty Companies for Used Cars in 2026

0
edit post
Psychology says people who always arrive 10 minutes early instead of right on time usually display these 9 traits most people never develop

Psychology says people who always arrive 10 minutes early instead of right on time usually display these 9 traits most people never develop

0
edit post
Make Every Tech Dollar Count

Make Every Tech Dollar Count

0
edit post
Here’s Why Corporate Taxes May Appear Lower After the OBBBA

Here’s Why Corporate Taxes May Appear Lower After the OBBBA

0
edit post
OpenAI hires OpenClaw AI agent developer Peter Steinberg

OpenAI hires OpenClaw AI agent developer Peter Steinberg

0
edit post
The Euro Vs Dollar | Armstrong Economics

The Euro Vs Dollar | Armstrong Economics

0
edit post
Psychology says people who always arrive 10 minutes early instead of right on time usually display these 9 traits most people never develop

Psychology says people who always arrive 10 minutes early instead of right on time usually display these 9 traits most people never develop

February 16, 2026
edit post
The Euro Vs Dollar | Armstrong Economics

The Euro Vs Dollar | Armstrong Economics

February 16, 2026
edit post
Russia records 7M in daily crypto transactions, says deputy finance minister

Russia records $647M in daily crypto transactions, says deputy finance minister

February 15, 2026
edit post
ETMarkets Smart Talk| Avoid 40–50x P/E stories without earnings backing, says Sandeep Nayak

ETMarkets Smart Talk| Avoid 40–50x P/E stories without earnings backing, says Sandeep Nayak

February 15, 2026
edit post
Rampant AI demand for memory is fueling a growing chip crisis

Rampant AI demand for memory is fueling a growing chip crisis

February 15, 2026
edit post
Traders stay guarded as Nifty turns range-bound, support at 25,100 zone

Traders stay guarded as Nifty turns range-bound, support at 25,100 zone

February 15, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Psychology says people who always arrive 10 minutes early instead of right on time usually display these 9 traits most people never develop
  • The Euro Vs Dollar | Armstrong Economics
  • Russia records $647M in daily crypto transactions, says deputy finance minister
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.