Stocks lose steam after in-line January inflation report

Most Mag 7 stocks declined, but the Russell 2000 outperformed, rising 1.2%.

Your Evening Briefing February 13, 2026 Stocks lose steam after in-line January inflation report Stocks bounced higher after this morning's January core CPI inflation didn't have any grim surprises, but the rally fizzled out in late afternoon trading. The S&P 500 barely eked out a gain, the Nasdaq 100 rose, while the Russell 2000 outperformed, rising 1.2%. All three indexes posted weekly losses. Bitcoin staged a relief rally. Tech continued to struggle, with all Mag 7 stocks declining except for Tesla. Stocks that moved higher: Rivian had its best-ever trading day thanks to better-than-expected Q4 results. The EV maker is planning to begin deliveries of its $45,000 R2 SUV in the second quarter. Coinbase surged after posting record stablecoin revenue despite a Q4 revenue miss and a surprise net loss. Applied Materials soared after posting better-than-expected Q1 results as Wall Street scrambled to boost their price targets after a "narrative-changing quarter." Moderna jumped after reporting a Q4 earnings beat and an upbeat 2026 outlook this morning. Instacart climbed after beating on revenue and offering upbeat guidance in yesterday's post-market earnings. Arista Networks traded higher after a Q4 earnings and revenue beat after the bell yesterday. Roku rose after handily surpassing expectations for Q4 earnings and revenue. Airbnb jumped after posting better-than-expected Q4 sales and offering upbeat revenue guidance for Q1 after the bell yesterday. Plug Power rose after revealing that it has won shareholder approval to boost its share count, which avoids a reverse stock split and paves the way for more dilution. Advance Auto Parts ticked higher as store closures powered an earnings beat amid the company's revamp. Stocks that moved lower: Pinterest plummeted on a disappointing Q1 sales forecast as retailers pulled back on ad spending. DraftKings sank after issuing downbeat 2026 sales and profit forecasts after the bell yesterday. Amazon posted nine consecutive days of losses — the company's longest losing streak since 2006. Safety is the only thing that's worked in the stock market When confronted with the arrival of new AI tools that may alter the long-term outlook for various stocks and sectors, investors have taken a shoot first, ask questions later approach. Read more. Americans are spending more time at home and alone — and money shapes who can opt out Over the past two decades, we've been reallocating our time away from offices, malls, and classrooms... and toward home and solitude. Read more. TODAY'S BIG MOVE SharkNinja hits all-time highs as its killer growth streak continues SharkNinja stood out as a particular favorite among shoppers amid an unusually flat festive sales period last December. In earnings earlier this week, the company noted an "outstanding holiday season," which capped off an already remarkable 2025, hauling $6.4 billion worth of blenders, slushy-makers, vacuums, air fryers, and more — sending the stock to fresh all-time highs. Read more. Couples might be ditching dinner out this Valentine's to eat at home The price of eating out, and other Cupid's day mainstays like flowers and chocolate, have soared in the past year. Older Americans are spending more time on their phones than younger cohorts, per new data Some members of the TikTok generation are (very slightly) less glued to their phones than other adults, it turns out. Meta is bringing back facial recognition for its smart glasses Meta previously said it was looking to strike "the right balance" with the tech. Guess it has? Before Hims' GLP-1 pill fallout, its pharmacy partner was already drawing scrutiny from state regulators Strive has already been probed over the timing of its GLP-1 compounding. Now, Arizona regulators are looking into complaints about ketamine misuse and improper distribution of prescription drugs. Ahead of IPO, Anthropic adds veteran executive and former Trump administration official to board Anthropic is moving to put the pieces in place for a successful IPO this year. Ethereum Foundation gets new leadership as co-Executive Director Tomasz Stańczak steps down Stańczak first joined the Ethereum Foundation in 2025, when community members had a litany of grievances against the nonprofit organization tasked with steering the blockchain network. Apple doesn't have an AI spending problem. It has an AI execution problem. Apple isn't falling far from the AI tree. Was this email forwarded to you? Don't miss out on future stories — subscribe to The Wrap and get your daily dose of financial news straight to your inbox.  Craving more insights in your inbox? Subscribe to Chartr and Snacks for quality reads. We care what you think! 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