CNBC Business News Update Market Open: Stocks Mixed, House Votes Against Trump Canada Tariffs, Slightly More People Applied For Unemployment Benefits Last Week 2/12/26
Feb 12, 2026
A morning market bulletin covering mixed stock action with Walmart and NVIDIA moving the indexes. Congress votes to overturn tariffs on Canada amid talk of a possible veto. Jobless claims tick higher as rehiring slows. Flight attendants protest at American Airlines and calls grow for leadership change. Retail spending cools after the holidays and middle-income financial strain rises.
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Markets Open Mixed With Tech Lagging
- U.S. markets opened mixed with the Dow and S&P up while the Nasdaq lagged.
- NVIDIA and Walmart led pockets of strength despite uneven market breadth.
House Overturns Canada Tariffs, Veto Likely
- The House voted to overturn President Trump's tariffs on Canadian goods with bipartisan opposition.
- Even if the Senate passes it, the president would likely veto the measure, limiting immediate impact.
Jobless Claims Tick Up To Pre-Pandemic Levels
- Initial jobless claims rose to 227,000, slightly above expectations and near pre-pandemic averages.
- Continued claims ticked up, implying some workers may be taking longer to find jobs.