The Morning Bull – US Market Morning Update Wednesday, Feb, 11 2026
US stock futures are pointing higher this morning, with benchmark contracts for the S&P 500, Dow and Nasdaq all in positive territory, as investors focus on three big themes. First, Friday’s January jobs report is expected to show 70,000 new Non Farm Payrolls, unemployment steady at 4.4% and wages up 0.3% month on month, which would hint at slower pay rises and slightly less pressure on the cost of living. Second, December retail sales were flat to slightly weaker, suggesting households are more cautious even as US household debt sits at a record $18.8b. The key question now is whether softer spending and steadier wage growth give the Federal Reserve room to cut rates later in 2026, a call that puts interest rate sensitive areas such as real estate and small caps, as well as consumer focused sectors, firmly in the spotlight.
If the timing of rate cuts has you second guessing every move, focus on 83 resilient stocks with low risk scores before volatility returns.
Top Movers
- Spotify Technology (SPOT) jumped 14.75% after shares rallied despite several analysts trimming price targets.
- Datadog (DDOG) climbed 13.74% following Q4 and 2025 results plus fresh 2026 revenue guidance.
- Credo Technology Group Holding (CRDO) gained 9.16% after its Toucan PCIe retimer secured PCI-SIG compliance and validation.
Is Spotify Technology still a smart investment or just hype? Read our most popular narrative and get all the answers you need.
Top Losers
- Becton Dickinson (BDX) fell 17.22% after multiple banks adjusted views and the company launched a US$1.6b debt tender.
- S&P Global (SPGI) declined 9.71% following Q4 earnings, 2026 guidance and a fresh update on buybacks.
- Raymond James Financial (RJF) dropped 8.75%.
Look past the noise – uncover the top narrative that explains what truly matters for Becton Dickinson’s long-term success.
On The Radar
Earnings are in focus over the next few sessions, with results spanning tech, travel, storage, healthcare and utilities.
- Telecoms focus: T-Mobile US (TMUS) reports Q4 results on Wednesday, highlighting subscriber trends and wireless pricing discipline.
- Consumer brands: Kraft Heinz (KHC) posts Q4 numbers on Wednesday, offering perspective on packaged food demand and pricing.
- Tech and software: Cisco Systems (CSCO) reports Q2 results on Wednesday, spotlighting networking demand and enterprise IT spending priorities.
- Travel and storage: Airbnb (ABNB) and Expedia Group (EXPE) report Q4 results on Thursday, and Public Storage (PSA) reports After-Market. Together, these updates frame travel appetite and storage demand.
- Utilities and energy: Exelon (EXC), Eversource Energy (ES) and Entergy (ETR) report between Thursday Pre-Market and After-Market, updating you on regulated earnings stability and capital spending plans.
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How To Act On Today’s Market
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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