ET 17:50

DJI Down 0.1% Amid Strong Job Data and Largest Employment Correction Since 2009

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DJIA fell 0.1% to about 67 points on February 12, 2026, as strong labor data failed to spark buying, with tech and software stocks leading the decline. The nonfarm payroll report for January showed a 130,000 jobs gain, more than double the 55,000 median forecast. However, the Bureau of Labor Statistics revised down employment for the year 20242025 by 862,000, the largest correction since 2009, and down months of November and December by 17,000. This undermines the headline number and prompts skepticism about the labor market's true strength. AI valuations also pressured; major tech and software companies including Salesforce, Intuit, Progress Software, Adobe, and PayPal declined following news that Altruist's new AI tool can process tax strategies without manual input. Bitcoin traded near $67,000, while gold and silver fluctuated above key resistance levels.

EditorLim