US Futures Stabilize Ahead of CPI Report
2026-02-12 23:43
By
Jam Kaimo Samonte
1 min. read
US stock futures steadied on Friday after the major averages sold off in the previous session on renewed AI concerns, while investors awaited the January consumer price index report.
The CPI is expected to show headline inflation easing to 2.5% from 2.7% and core inflation moderating to 2.5% from 2.6%.
In extended trading, Applied Materials surged 12% after posting stronger-than-expected earnings and issuing an upbeat outlook.
Rivian jumped 16% on robust vehicle delivery guidance for the year.
By contrast, Pinterest plunged 18% following weaker-than-expected quarterly results and a soft forecast.
During Thursday’s regular session, the Dow Jones Industrial Average fell 1.34%, the S&P 500 declined 1.57%, and the Nasdaq Composite dropped 2.03%.
The selloff was driven by persistent concerns over the sustainability of elevated AI-related capital expenditures, with fears of disruption to traditional business models weighing particularly on software, real estate, and trucking stocks.