Market Report, 2026-02-10

Stocks ended Tuesday lower after weaker-than-expected retail salesdata dampened the market’s enthusiasm for risk-taking. Most major U.S. stockindices took a dive by the closing bell.

The Dow Jones Industrial Average still showed some momentum andgained 52 points to 50,188. The NASDAQ fell 0.56% to 25,128, while the S&P500 slid 0.33% to 6,942. Although more sectors ended the day in the green thanin the red, the market’s heavy concentration in technology led to an overalldecline—even though the technology sector itself slipped a modest 0.56%.

The bond market rallied as investors flocked to safe-haven assets.The U.S. 5-year Treasury yield declined by 5 basis points to 3.7%, and the10-year yield fell by 6 basis points to 4.14%. Both gold and bitcoinexperienced downward pressure as the market broadly de-risked.

Turning to today’s economic data, the small business optimismindex for January came in slightly below expectations, though not in anysignificant way. The employment cost index for the last quarter alsodisappointed modestly, suggesting potentially slower wage growth thananticipated. Import prices increased unexpectedly, while retail sales stalled.However, it is difficult to determine whether this was influenced bypost-holiday discounting, as the data are not adjusted for inflation.

Two Federal Reserve officials also spoke today with hawkish tones,indicating that interest rates may need to remain unchanged for longer andcould be raised again if inflation resurfaces.

Tomorrow will be a big day, as the jobs report is set to bereleased.

This is Adams Wealth Advisors, and we will be with you againtomorrow.