On Tuesday, February 11, U.S. markets closed mixed, with gains in Coca-Cola and Apple countering Tesla’s decline. Fed Chair Powell signaled no urgency for rate cuts, citing a strong economy. Investors monitored potential new tariffs after Trump raised steel and aluminum levies. Heightened uncertainty points to increased market volatility.
Related: Tesla Stock Is Tumbling Tuesday: What’s Driving The Action?
In economic data, The NFIB Small Business Optimism Index dropped to 102.8 in January, down from 105.1 in the prior month and falling short of the projected 104.6.
Most S&P 500 sectors rose Tuesday, led by consumer staples, energy, and real estate, while consumer discretionary and health care declined.
The Dow Jones Industrial Average was up 0.28% and closed at 44,593.65, the S&P 500 closed higher by 0.03% at 6,068.50, while the Nasdaq Composite slid 0.36% to finish at 19,643.86.
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Eurozone at 05:30 AM ET
- The European STOXX 50 was up 0.13%.
- Germany’s DAX gained 0.25%.
- France’s CAC rose 0.14%.
- U.K.’s FTSE 100 index traded higher by 0.04%
Commodities at 05:30 AM ET
U.S. Futures at 05:30 AM ET
Dow futures were down 0.17%, S&P 500 futures declined 0.15% and Nasdaq 100 futures fell 0.07%.
Forex at 05:30 AM ET
- The U.S. Dollar Index gained 0.05% to 107.98, USD/JPY was up 0.78% to 153.64, and USD/AUD rose 0.28% to 1.5932.
- The dollar held steady as traders awaited U.S. inflation data, with Powell’s hawkish stance lifting Treasury yields. Yen weakened, while tariff concerns and market uncertainty influenced currency movements and rate cut expectations.
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