US Stocks Hold Losses on Friday
2026-02-13 14:37
By
Andre Joaquim
1 min. read
US stock indices were close to the flatline on Friday, holding the aggressive pullback from the previous session with pressure on companies with exposure to AI companies, despite the tame inflation print for January.
The S&P 500 and the Nasdaq were flat, while the Dow fell 100 points.
The headline inflation rate fell in January while the core rate eased as expected, maintaining market bets that the Federal Reserve will cut rates multiple times this year.
Tech stocks held their losses and were set to weigh on the US equity market for a third week, amid skepticism of unsustainable capital expenditure for AI companies, while improvement in automation tech triggered selloffs for software services.
Oracle, Palantir, and Microsoft were muted following sharp declines last session, while Micron dropped sharply to trim yesterday's gains.
In turn, Applied Materials and Arista Networks were each 10% higher on strong earnings.