2026년 2월 11일 · Unknown · financial · 출처 Yahoo Finance
US stocks (^DJI, ^IXIC, ^GSPC) ended Tuesday's session with a mixed picture, with only the Dow Jones Industrial Average managing to eke out a slight gain to end the trading day.
Yahoo Finance Markets and Data Editor Jared Blikre breaks down the biggest market themes from today’s trading day, including trends in the bond market (^TYX, ^TNX, ^FVX), February's biggest market movers, and contrasting expectations for January's delayed jobs report.
To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend.
Video Transcript
00:00 Speaker A
Yahoo Finance's Jared Blikre joins us now with the trading day takeaways, Jared.
00:03 Speaker B
Thank you, Josh. You know, stocks, they're doing their thing. I thought we'd start off with bonds because we were taking a look at that late yesterday. So, let's take a look at what happened today because I do want do want to do a quick update.
00:15 Speaker B
Fortunately, yields moved to the downside. There we go. We can see the 10-year down five basis points and uh what I was really looking at here was 30 years. So let's get that on here. That was down six basis points. That was the most in several months. So it doesn't sound like a lot, but it it actually kind of was a big deal.
00:32 Speaker B
So here's the intraday movement. I'm going to show you the three-year and this is something I was showing yesterday. And what I wanted to point out is that it's kind of zigzagging here, but the lows here are getting shallower and shallower. So what we're seeing is this giant pennant formation. and the point uh Joe Brusuelas was making, RSM economist, and I was quoting it from the stocks and translation episode was that it was kind of imminently about to break out. It could go to the upside or it could go to the downside, but usually it continues in the direction of the trend. and on the 10 year here, you can see that direction is up.
01:05 Speaker B
Uh so just having made that point, I would say there's a little bit of a relief today because yields have backed away from that 5% mark that have given men trouble uh in the past and so that's actually kind of a good thing.
01:16 Speaker A
So we talked bonds, let's talk stocks. February, curious what you make of the market so far this month. Big theme is rotation, right? Rotation, rotation. What are we rotating into?
01:28 Speaker B
Good question. So we saw the defensive stocks really soaring in January. Let's see what February has brought here. We got seven trading days. and so that's what I'm going to set our heat map to on the Wi-Fi interactive. And here we have the large cap sectors. Number one is materials. That's your gold trade, that's your silver, that's copper, a few other things, chemical companies. Uh then we got industrials, then we got energy, that's still the best sector of the year. I think it's up about 20%. Then we got consumer staples. That was one of your leaders in January. That's that defensive play along with real estate, along with utilities and along with healthcare. So we still have that uh that defensive trade kicking in right now, but we've got more cyclical leadership and that's good because that means the economy is growing and we've got the stocks following, kind of confirming each other.
02:18 Speaker B
What's really notable is what's not working here. XLK, XLC, XLY. Those are the mega cap sectors and you can really see that in play as we go to the Nasdaq 100. And there is your look. I mean, Amazon down 13%. That's consumer discretionary, not tech actually, but Microsoft down four, Alphabet down four.
02:39 Speaker B
And let's look in software because as we know, we've talked about this enough, but not quite enough that uh software has really had a tough time this month and you can see Cisco's the exception, but if I sort by performance here, there's Atlassian. We were talking about them yesterday down 30, 40% for the year, down 21% in the month of February alone. But here's semiconductors and you can see there's a lot more green than red here. So, kind of a tale of two markets.
03:04 Speaker B
I did want to show you something else really interesting for February. The Dow transports. Look at all this green here, except for Uber. I thought that was pretty interesting. And then I was also looking at our travel heatboard and there's a little bit of overlap here. But if you take a look at travel overall, we got cruise lines, we got airlines. What's not doing well are the bookers. You got Booking, Airbnb, trip.com and Expedia. Those are the exceptions, but for the most part, travel has been doing very well.
03:30 Speaker A
Jobs report on deck. What what do you expect?
03:32 Speaker B
Yes. You know what? We got two jobs reports tomorrow. So, uh this is something uh I also have a clip from uh the Brusuelas interview and let's just roll that.
03:47 Speaker C
There's going to be the the estimate for January. We're only expecting 30, a net gain of 30,000. but it's the benchmark revisions which we think are going to be large and we think anywhere between 600 and 900,000 jobs are going to be revised away. What that means is no net job gains in 2025. We may see a negative print in front of what occurred. Now, that's a big, big story.
04:21 Speaker B
No gains. No job gains for 2025. You can see the headlines right now and there's nobody to fire because the new guy who's just installed was not even supervising this report. So, going to be an interesting report tomorrow.
04:36 Speaker A
All right, here come the fireworks. Thank you, Jared, appreciate it.
04:39 Speaker B
You bet.
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