Stocks

Stock Market Today, Feb. 13: Russell 2000 rises, rate cut bets grow grow after surprising inflation print

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Happy Friday. This is TheStreet’s Stock Market Today for Feb. 13, 2026. You can follow the latest updates on the market here in our daily live blog.

Update: 9:30 – 9:45 a.m. ET

Opening Bell

The U.S. markets are open for the day. Stocks are rising modestly out of the gate after a healthy inflation print this morning, which we expound upon below in our A.M. Update (scroll down to see that).

The Russell 2000 (+0.38%) is, understandably, leading the way as a result. With rate cut bets back on the table, the small-cap index stands to benefit hugely. CME Group’s FedWatch is now putting odds of a third 2026 rate cut on the table again, which would be a huge win for the index’s companies.

That also happens to be where the majority of advancing stocks are coming from. 58.9% of issues are advancing this morning against 35.4% declining and a slim number unchanged.

Large Caps Struggle

Meanwhile, the short-lived gains in the Dow Jones (-0.31%), Nasdaq (-0.31%), and S&P 500(-0.14%) have been vanquished just a short few minutes into the trading session.

Looking at the S&P 500’s heat map (delayed 15 min), you can identify where the pain points are: it’s tech names, again. In fact, aside from the declines in those sectors, industrials, healthcare, energy, and others seem to be hanging on pretty strong today:

Earnings Check-In

Here’s a look at how this morning’s earnings have been faring:

Update: 8:34 a.m. ET

Inflation Comes in Softer Than Anticipated

The Consumer Price Index (CPI) for Jan. 2026 is out now, coming in slightly softer than expected.

The CPI rose 0.2% month-over-month (or 2.4% year-over-year), while Core CPI rose 0.3% (or 2.5% YoY). Both figures represented a deceleration in headline inflation from the December report. Better yet, the numbers bested analysts’ expectations.

This has equity futures little-moved for the moment, but that’s probably a huge score for Fed hawks betting on the timing (and count) of Fed cuts this year. With a showing like this, Fed Chair nominee Kevin Warsh might have an easier time delivering on rate cuts for President Donald Trump.

Update: 8:14 a.m. ET

A.M. Update

Good morning. Here’s what we have on the docket for today:

Earnings Today: Enbridge, TC Energy, NatWest

This morning, energy companies Enbridge, regional banks NatWest and Creditcorp, and uranium company Cameco are expected to report earnings. They’re also joined by auto parts companies Magna International and Atmus Filtration, plus biotech company Moderna. We’ll post the reactions after the market opens.

There won’t be much activity after the closing bell, seeing how it’s Friday (and nobody likes a Friday P.M. report!)

Data Today: Consumer Price Index

At 8:30 a.m. ET, we’ll get our biggest data drop of the week in the Consumer Price Index. Last month, the inflation benchmark stagnant from the previous month, up 2.7% year-over-year. A cooler (or hotter) report could bode big moves for stocks.