Traders work at the New York Stock Exchange on February 18, 2026.
NYSE
Shares fell on Thursday, giving back some of the previous session’s gains as investors considered the latest quarterly results. wal-mart And monitored rising tensions between the US and Iran.
Dow Jones Industrial Average There was a loss of 244 points or 0.5%. S&P 500 slipped 0.3%, while nasdaq composite Dip 0.2%.
Walmart shares fell modestly after the company’s full-year earnings outlook fell short of expectations. This eclipsed the better than expected results of the fourth quarter.
Investors remained encouraged by the rise in crude oil prices amid the standoff between Iran and the US over the nuclear program. West Texas Intermediate Futures It traded above $66 a barrel, up nearly 2% on Thursday.
After this, people on Wall Street also moved out of asset manager stocks. blue owl capital announced it was going to tighten liquidity for investors after selling $1.4 billion of debt assets. That stock fell more than 8%, while others like black Stone And Apollo Global Management were down 6% and 5% respectively.
Along with asset managers, software was another area under pressure. sales force While shares were down more than 1% Yours Shares fell 2%. shares of Cadence Design System There was a 3% decline.
The group has recently become a sore thumb for the market as investors fear artificial intelligence will disrupt the industry. In fact, Mistral AI CEO Arthur Mensch told CNBC on Wednesday that more than 50% of enterprise software could be replaced by the technology.
Antonio Rodriguez, Procyon’s chief investment officer, said the recent market move is “confirmation of a change in leadership.” “We need to start looking at earnings momentum from the bottom 490 names,” he said.
Specifically, Rodriguez has an eye on industrials as well as consumer cyclicals, saying he believes “some efficiencies may be seen as it relates to some AI spending.”
“Everything grid-related still has legs,” he said. “There are still a lot of things being built. They’re multi-year, even maybe multi-decade, themes.”
Wall Street is coming off a winning session, boosted by gains in “Magnificent Seven” technology stocks and strength in financial and energy names.
