U.S. stock indexes closed slightly higher on Friday, recovering from early losses as softer-than-expected inflation data caused bond yields to fall. This has reinforced expectations for potential Federal Reserve interest rate cuts.
Stocks to Watch: - Palo Alto Networks: Is scheduled to report Q2 2026 earnings on February 17, with analysts closely watching cybersecurity demand and guidance. - Medtronic: Set to release Q3 2026 earnings on February 17, providing insights into the medical device sector's performance and outlook. - Moderna: In the spotlight after the FDA refused to review its influenza vaccine application due to trial design. - Shopify: The stock fell 13% post-earnings despite strong revenue growth, raising valuation concerns for investors.
Looking ahead, U.S. equity markets will reopen Tuesday, February 17, following the Presidents' Day holiday. Investors will be monitoring key earnings reports for further market direction.