Your Evening Briefing

February 11, 2026

Stocks finish flat after blockbuster jobs report

The S&P 500 finished flat, the Nasdaq 100 rose, while the Russell 2000 fell after this morning’s blockbuster January jobs report. Employers added 130,000 jobs last month, crushing estimates for 65,000. Prediction market odds that the Fed will maintain interest rates in its March meeting rose on the robust employment data. (Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Bitcoin dipped below $67,000 this morning, but the jobs report lifted its price back above that level.

Stocks that moved higher:

Micron climbed as its CFO said that the company has started HBM4 shipments ahead of schedule.
Teradata soared after posting Q4 sales and earnings beats and better than expected earnings guidance.
Cloudflare jumped as the company forecast strong sales.
Vertiv Holdings soared after its Q4 earnings beat expectations and its 2026 earnings and sales outlooks exceeded every analyst’s estimates.
Electric aircraft maker Beta Technologies surged as Amazon disclosed a 5.3% stake and Jefferies upgraded stock to "buy.”
Gilead rose after quarterly earnings and revenue beat Wall Street estimates, driven by sales of its HIV drugs.
Ford ticked higher after posting a Q4 revenue beat after the bell yesterday, but the automaker missed on earnings.
Cryptocurrency Uniswap surged as BlackRock bought tokens.

Stocks that moved lower:

The software stock slump resumed as Dassault Systèmes and Unity Software cratered after issuing weak guidance, with Atlassian, Adobe, Oracle, ServiceNow, GitLab, Salesforce, and AppLovin falling as well.
Lyft plunged on an unexpected 2025 operating loss and disappointing Q1 outlook.
Zillow tanked after its Q4 earnings missed expectations and it flagged margin pressure in 2026.
Mattel sold off as it missed Q4 profit estimates and issued disappointing guidance.
Humana fell after its full-year profit guidance trailed estimates, citing a financial drag from Medicare Advantage plans.
Moderna slumped after the FDA declined to review its mRNA flu shot.
Astera Labs plummeted despite posting better than expected Q4 results and Q1 outlook. The company also struck a warrant deal with Amazon, which will pressure gross margins.
Robinhood tumbled after a Q4 sales miss, while analysts gave mixed reviews of the company’s results. (Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company subject to certain legal and regulatory restrictions.)
Shopify sank despite beating Q4 revenue estimates.

Americans are spending more of the workday sitting — the jobs driving the trend often come with more money

Software developers sit nearly all day and make six figures. Fast-food workers are on their feet almost nonstop, and earn about $30,000 a year. Read more.

The data center development boom is headed downtown

Sprawling gigawatt data center campuses are all the rage. But the next move in AI’s expansion is stuffing data centers into urban buildings to get them closer to the action.

Read more.

Meta announced today that it broke ground on a new, giant AI data center: This one is located in Indiana, has 1GW of capacity, and will cost more than $10 billion. Read more.

Ives: Microsoft and Google’s giant capex plans are worth it
Dan Ives of Wedbush Securities says to “focus on Microsoft and Google with this sell-off.”
Humanoid robot maker Apptronik raises $520 million
The Austin, Texas-based company closed out a $935 million Series A fundraising round, including investments from Google, Mercedes-Benz, and Qatar’s investment arm.
Ethereum ETF holders still “diamond-handing” despite hurting more than their bitcoin counterparts
While ethereum ETF investors are down 45% from their average cost basis, the majority are still holding.
French wine and spirit exports just hit a 21st-century low, owing to some tariff bottlenecks
Sales of the French drinks to the US and China both dropped by about a fifth in 2025 amid trade tensions.
Crypto platform BlockFills halts withdrawals
The Chicago-based company’s “suspension was put in place last week but remains in effect,” the Financial Times reported.

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