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Happy Wednesday. This is TheStreet’s Stock Market Today for Feb. 11, 2026. You can follow the latest updates on the market here in our daily live blog.

Update: 4:00 p.m.

Closing Bell

The U.S. stock market is now shut for the day.

Stocks popped, plummeted, and then balanced out to end the day after a payrolls surprise. The S&P 500(-0.00%) finished out just one-third of a point lower, while the Dow (-0.13%) and Nasdaq (-0.16%) saddled slightly larger declined. The Russell 2000 (-0.38%) was worst off, owed to the worries about rate cuts being punted by the surprising strength of the job market.

Update: 1:36 p.m.

EY Flags Off-Balance Sheet Meta Deal

WSJ reports that Meta auditor Ernst & Young flagged a $27 billion data-center project which was left off the company’s balance sheet, categorizing it as a “critical audit matter.”

The Hyperion Data Center, a joint venture between the social giant and private credit company Blue Owl Capital, was announced at the end of October. A press release for the project said that the two firms would “develop and own the Hyperion data center campus” in Louisiana.

The precarity of these large deals has elicited comparisons to the Dot-com Bubble, where off-balance sheet and vendor financing came to be associated with illegitimate, or even fraudulent, business behavior.

Update: 1:16 p.m.

Midday Movers

Heading into midday, nearly two-thirds of U.S. issues are declining, with the reaction to this morning’s job report now sending stocks in a different direction. The S&P 500 (+0.01%) is barely above the starting line, while the Nasdaq (-0.20%), Dow (-0.24%), and Russell 2000 (-1.12%) are in decline.

To that end, we turn our attention to the midday movers, our daily list of the top and bottom 25 stocks on the markets with at least a $2 billion market cap:

Winners

Losers

Update: 10:59 a.m.

Stocks Pare Losses After Strong Jobs Report

It seems that the ‘good news is bad news’ adage is back. Stocks have pared their day gains after this morning’s job report, plus morning comments from White House officials about growth.

The Russell 2000 (-1.02%), which started the day up more than one percent is now on the other side of the market, erasing its strong start in the first hour of trading. The Dow (-0.18%) and Nasdaq (-0.12%) are also in decline, leaving just the S&P 500 (+0.06%) in the green.

Update: 9:30 – 9:45 a.m. ET

Opening Bell

The U.S. markets are now opened. Thanks to the aforementioned jobs report out this morning, which showed over 130K job additions, the markets are heading higher this morning. U.S. stock benchmarks are higher, with 63.2% (3,514) issues advancing against just 28.6% (1,592 declining).

The Russell 2000 (+0.93%) is appreciating the most this morning in the afterglow of the jobs report, which feels a little contradictory seeing how it is raising yields right now. The reception to this morning’s report bolstered the 10Y Treasury, undoing yesterday’s decline with a 4.1 bip rise, starting this morning at 4.186%.

In large cap indexes, the Russell is trailed by the Nasdaq (+0.55%), S&P 500 (+0.51%), and Dow (+0.40%). However, the strong start seems to be fading a little bit here, so we’ll have to check back in to see if it sticks.

Heatmap: S&P 500 Looks for Record (Again)

The S&P 500 is once again fixing for 7,000 (and possibly a new record) this morning, aided by the strong jobs data. Tech, energy, and industrials are seeing the nicest bump.

A.M. Earnings Reactions

As mentioned in our 9-ish a.m. ET update, we wanted to loop back on this morning’s biggest reports and see how they were faring. Among the biggest reactions this morning are from Vertiv (+23%) and Solstice Advanced Materials (+12.7%), while moves to the downside have been more tempered. T-Mobile (-4.3%) and Martin Marietta Materials (-4.1%) saw the steepest declines among the top 20 reports of the morning. Also notable, Kraft Heinz (-4%) is declining after putting plans to split itself into two separate companies on ice during its earnings report.

Update: 8:56 a.m. ET

A.M. Update

Good morning. After this morning’s job report (more below), the market is set to open higher in short order. Before we dive in to today, here is what is on today’s slate:

Earnings Today: Coca-Cola, Marriott, Robinhood

This morning, T-Mobile US, Shopify, and NetEase kickstarted the earnings reports for the day. We’ll be checking back after the bell tolls to see how their results were ultimately received. Here’s the 20 largest earnings by market cap this morning:

Then, this afternoon will see even more earnings: Cisco Systems, McDonald’s, and Applovin will lead the P.M. slate, rounding out the day:

Economic Data + Events: Payrolls Come in Strong

This morning, we got the delayed Non-Farm Payroll data, which showed 130,000 job additions in the month of January, significantly more than the 65,000 forecast by Bloomberg.

That comes with a pretty glaring asterisk, which is downward revisions. Bloomberg’s Anna Wong says that there could be 666,000 downward revisions to the Mar. 2025 payrolls level.

Aside from that, the numbers are very positive; unemployment even declined from 4.4% to 4.3%. At the same time, wages continued to outstrip the rate of inflation, up 3.7% year-over-year. That’s sure to have investors very happy.

Finishing out the day will be a number of EIA-related reports, plus speeches from Fed Governors: