Tuesday, February 10, 2026…4:10 PM ET
[4:00 PM ET closing prices for stocks; 3:50ish for commodities and bonds.]
Dull day for equities but bonds rallied as a slowdown in retail sales figures this morning led to an increase in bets on interest rate cuts from the Federal Reserve.
Retail sales in December were unchanged when a rise of 0.4% was expected, ex-autos also unchanged when a 0.4% increase was expected in this category as well. But tomorrow we get the January nonfarm payroll report, and Friday consumer price data for last month.
The yield on the 10-year fell six basis points to 4.14%, good for mortgages, but we’ll see what happens the rest of the week.
One sector of the stock market did get slammed. Tax planning and wealth management stocks sank Tuesday after financial software provider Altruist Corp. launched an artificial intelligence tool for creating tax strategies, sparking concerns that traditional players could be at risk.
Shares of Charles Schwab Corp., Raymond James Financial Inc. and LPL Financial Holdings Inc. all fell about 7-8% in response.
Altruist’s new tool, unveiled today, helps financial advisors personalize strategies for clients and create pay stubs, account statements and other documents, the company said in a statement.
Yesterday, insurance brokers’ stocks had a similar meltdown after Insurify’s new rate-comparison AI tool raised concerns about those companies’ businesses.
Japan’s Nikkei 225 stock index hit another new high today at 57650, up 2.3%, or 6%+ in two days. The yield on Japan’s 10-year fell five basis points. The euphoria continues after Prime Minister Takaichi’s landslide win in parliamentary elections.
No. 9 Kansas had a huge win late Monday night against No. 1 Arizona, 82-78, handing the Wildcats their first loss of the season. March Madness will indeed be nuts.
Dow Jones +52, +0.1% [50188]
S&P 500 -23, -0.3% [6941]
Nasdaq -136, -0.6%, 0.9% [23102]
Oil (WTI) $64.10
Gold $5050
Silver $81.00
Bitcoin $68,735 [4:00 PM ET]
U.S. 2-yr. 3.45%
U.S. 10-yr. 4.14%
Japanese 10-yr. 2.22%.
Back tomorrow, Wed.
Brian Trumbore
