By Chelsey Dulaney
Stocks are subdued, but AI concerns are brewing beneath the surface.
The three main indexes rose Thursday morning, after the S&P 500 ended Wednesday with its smallest move since October, posting a loss of 0.005%.
Markets have been jittery in recent weeks as anxieties over the potential disruption from artificial intelligence spread, knocking shares of software companies, publishers, financial-services firms and others.
Advertising software company AppLovin sought to downplay AI worries as it released earnings, but shares skidded early Thursday. Networking company Cisco also slid after rising costs overshadowed a rise in demand from hyperscalers. Applied Materials, which makes equipment for chip production, is expected to report earnings after the closing bell.
Meanwhile, a stronger-than-expected January jobs report helped ease concerns about the U.S. labor market. Focus will now turn to Friday's inflation reading, expected to show consumer-price growth slowed to an annual pace of 2.5% last month.
International stocks mostly rose. Indexes in Europe and South Korea climbed to new records. Hong Kong's Hang Seng index slipped.
Write to Chelsey Dulaney at chelsey.dulaney@wsj.com
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(END) Dow Jones Newswires
February 12, 2026 09:37 ET (14:37 GMT)
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