CNBC Business News Update Market Close: Stocks Lower, Software Sells Off Again, New Inflation Data Out Friday Morning 2/12/26
Feb 12, 2026
Quick market roundup: stocks slipping and software names selling off amid rotation and hidden weakness. Big tech showing notable declines while NVIDIA bucks some trends. Preview of Friday's CPI print and how it could influence policy. Housing sales cooled sharply and unemployment claims nudged higher. Soybean futures rise on thawing China demand and several corporate earnings to watch.
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Rotation, Not Fundamentals, Driving Volatility
- Markets are in a manic, rotation-driven phase that often ignores fundamentals.
- Chris Senyak says rotations create price signals that quant funds chase, amplifying moves.
Indexes Mask Deeper Market Weakness
- Major indices plunged with the Dow down 669 points and Nasdaq dropping 2%.
- The Dow was on pace for its worst week since November, signaling broad weakness beneath the surface.
Inflation Watch: CPI Versus Truflation
- Investors awaited the January CPI print expected to slow to 2.5% year over year.
- The White House highlighted an alternative under-1% measure called truflation to argue affordability improvements.