GoAI Market Wrap - 11th Feb

Stock Market

Wall Street saw a mixed performance on Tuesday, with the S&P 500 and Nasdaq closing in the red while the Dow Jones Industrial Average edged higher to notch another record close.

 

The Dow hit its third consecutive all-time high during the session, maintaining momentum after first crossing the historic 50,000-point threshold last Friday.

 

At the close:Dow Jones Industrial Average: Up 0.10% to 50,188.14. S&P 500: Down 0.33% to 6,941.81. Nasdaq Composite: Down 0.59% to 23,102.47.

 

Retailers were under clear pressure on Tuesday, with Costco sliding over 2% and Walmart dropping more than 1%. Latest retail sales data showed U.S. consumer spending was flat month-over-month in December, missing expectations of a 0.4% increase and marking a sharp cooldown from November's 0.6% gain.

 

"A key factor weighing on the low-to-middle income consumer is their perception of the job market, and we know their confidence is becoming more uncertain," said Anthony Saglimbene, Chief Market Strategist at Ameriprise Financial. "If January job growth fails to meet expectations, it could spark a pullback in the 'broad-based rally' theme."

 

Financials also took a hit. LPL Financial plummeted 8.3%, Charles Schwab fell 7.4%, and Morgan Stanley dropped over 2%. Sentiment in the sector soured after fintech platform Altruist launched an AI-driven tax planning tool, stoking fears that AI disruption is reaching traditional wealth management.

 

"The market appears to be rotating into sectors that may be less vulnerable to the 'AI trade' fallout," Saglimbene noted, pointing to recent gains in materials and utilities.

Global Markets

Trump: Possible Deployment of Second Carrier Group if Iran Talks Fail

 

President Trump stated he is considering deploying an additional U.S. carrier strike group to the Middle East to prepare for potential military action should negotiations with Iran fail to yield results.

 

Zelensky Signs Decree Allowing Enlistment for Those Over 60

 

Ukrainian President Volodymyr Zelensky signed a decree on February 10 amending military service regulations. During martial law, individuals over 60 are now permitted to serve on one-year renewable contracts, provided they pass a medical board and receive written consent from their unit commander.

 

European Parliament Approves 90% Carbon Reduction Goal for 2040

 

The European Parliament voted to approve a political agreement for a 90% reduction in greenhouse gas emissions by 2040 compared to 1990 levels. This binding target is a key milestone toward achieving climate neutrality by 2050. The amendment still requires approval from the EU Council.

Corporate News

Google Raises $32B in 24 Hours; 100-Year Bond Over-subscribed 10x

 

Alphabet is set to raise nearly $32 billion in less than 24 hours.

 

Following a $20 billion seven-part USD bond offering on Monday, the tech giant issued record-breaking debt in British Pounds and Swiss Francs. The offering included an extremely rare 100-year GBP bond—the first such extreme maturity for a tech firm since the Dot-com era. The £1 billion century bond ($1.4 billion) was nearly 10 times over-subscribed. This massive fundraising comes less than a week after Alphabet announced its 2026 capex will hit $185 billion.

 

Ford Q4 Adjusted EBIT Plunges 51% to $1.04 Billion

 

Ford reported Q4 revenue of $45.9 billion, down 4.8% year-over-year. Adjusted EBIT fell 51% to $1.04 billion, missing the $1.16 billion estimate. Adjusted EPS came in at $0.13, down from $0.39 a year ago and below the $0.18 forecast.

 

Coca-Cola 2025 Revenue Rises 2% to $47.9 Billion

 

Coca-Cola reported 2025 full-year net revenue of $47.9 billion, up 2%. Full-year EPS jumped 23% to $3.04, while Q4 EPS rose 4% to $0.53.

Forex & Commodities

WTI Crude settled down 0.62% at $63.96/bbl, while Brent fell 0.35% to $68.80/bbl.

 

COMEX Gold slipped 0.62% to $5,047.90/oz, and COMEX Silver fell 2.01% to $80.58/oz.

Key Events

CME Group to Launch Single-Stock Futures

 

CME Group will introduce single-stock futures this summer, allowing participants to trade futures on over 50 top U.S. stocks, including Alphabet, Meta, NVIDIA, and Tesla.

 

Tim McCourt, CME's Global Head of Equity, FX, and Alt Products, stated these cash-settled contracts offer a more cost-effective way to gain exposure or hedge price risk without direct stock ownership.

Cryptocurrency

Bitcoin (BTC) is trading at $69,002.70, down 1.23% in 24 hours;

 

Ethereum (ETH) is at $2,025.69, down 3.57%.

 

Major altcoins are mixed, with XRP down 2.35% to $1.40 and Solana (SOL) down 3.73% to $83.24.

Key Events

Saylor Doubles Down Against Shorts; No Selling Even if BTC Drops 90%

 

Despite Bitcoin's retreat, Strategy (MSTR.US) founder Michael Saylor reiterated Tuesday that the company will not liquidate its holdings.

 

Saylor stated that even if Bitcoin plunged 90% over the next four years, the company would choose to restructure its debt rather than sell. He emphasized that banks remain willing to lend against Bitcoin, recognizing the value inherent in its volatility.