Traders work at the New York Stock Exchange on Feb. 10, 2026.
NYSE
S&P 500 futures inched higher Thursday night after a downbeat day for the U.S. stock market. Traders also looked ahead to a key consumer inflation report due Friday morning.
S&P 500 futures advanced nearly 0.2%, while Nasdaq 100 futures gained 0.3%. Futures tied to the Dow Jones Industrial Average added 37 points, or 0.07%.
In after-hours trading, semiconductor giant Applied Materials jumped 11% on the back of strong earnings results and encouraging outlook. Airbnb shares rose about 2% as investors cheered the rental company’s upbeat guidance, and Pinterest slipped 14% on disappointing fourth-quarter results and a weak forecast.
Major U.S. averages dropped on Thursday as fears around artificial intelligence disruption spread across the market, most notably into real estate, trucking and software sectors. The S&P 500 dropped nearly 1.6%, while the Nasdaq Composite lost about 2%. The Dow Jones Industrial Average shed nearly 670 points, or 1.3%.
Each of the ‘Magnificent Seven’ technology names closed in the red. A 12% slide in Cisco Systems, driven by the company’s disappointing guidance, weighed on the broader market. Apple lost 5% during the regular session, notching its worst single-day loss since April 2025.
“In terms of an AI bubble, the reality is there’s some steam coming out of certain names as the market tries to determine winners and losers and is becoming more discriminate,” said Brian Levitt, global market strategist at Invesco.
“But the Dow Jones Industrial Average is close to 50,000. The S&P 500 is close to 6,900 … There is, obviously, some carnage underneath, but in general, this is not an AI bubble. The markets are holding up very nicely,” he continued.
A new market catalyst awaits on Friday with the release of January’s consumer price index report. The inflation gauge is expected to show a 2.5% advance from a year earlier, according to economists polled by Dow Jones. On a month-over-month basis, economists call for a 0.3% increase.
The three major averages are on pace for weekly losses, with the S&P 500 and Dow off more than 1% through Thursday’s close. The Nasdaq is on track for a 1.9% decline in the period.
Rivian, Applied Materials, Airbnb, Pinterest, DraftKings are among the stocks moving in after-hours trading
Check out the companies making headlines in after-hours trading.
- Applied Materials — The California-based semiconductor equipment company jumped 11% on the back of blowout earnings results. Applied Materials reported adjusted earnings of $2.38 per share on revenue of $7.01 billion, while analysts polled by LSEG expected earnings of $2.20 per share on revenue of $6.87 billion.
- Coinbase — Shares of the crypto company rose nearly 2%. Coinbase said that its total trading volume in 2025 hit $5.2 trillion, up 156% year over year. The firm also reported that its subscription and services revenue rose to $2.8 billion in 2025, up from $2.3 billion in the year prior. That’s despite the fact Coinbase fell short of the Street’s expectations on revenue for the fourth quarter.
- Rivian Automotive — The electric truck manufacturer surged 14%. The company said it sees 2026 vehicle deliveries ranging from 62,000 to 67,000 units, which would be higher by 47% to 59% compared to 2025. Fourth-quarter adjusted losses came in at 54 cents per share, narrower than the LSEG consensus for a loss of 68 cents per share. Revenue of $1.29 billion topped the estimate of $1.26 billion.
For the full list, read here.
— Pia Singh
