Equity Markets Mixed Intraday After Jobs Report

02:05 PM EST, 02/11/2026 (MT Newswires) -- US benchmark equity indexes were mixed intraday as traders assessed the latest jobs report, which helped strengthen the odds of the Federal Reserve holding its monetary policy steady.

The Dow Jones Industrial Average was down 0.3% at 50,049.8 after midday Wednesday after closing at a new all-time high in the previous session. The Nasdaq Composite fell 0.1% to 23,085.3 intraday, while the S&P 500 rose 0.1% to 6,947.4.

Among sectors, financials saw the steepest decline, while energy paced the gainers.

In economic news, the US economy added 130,000 jobs in January, delayed official data showed Wednesday. The consensus was for a 65,000 increase in a Bloomberg-compiled survey.

The unemployment rate fell to 4.3% last month, while Wall Street expected it to hold steady at December's 4.4% print.

"While we don't want to put too much emphasis on one data point, it would appear that the downside risks to the labor market have receded," TD Economics said in a report. "Amid a backdrop of still-elevated inflationary pressures, the Fed can be patient in its approach to further policy easing."

The probability of the US central bank leaving its benchmark lending rate unchanged next month surged to 92% Wednesday from 80% Tuesday, according to the CME FedWatch tool.

The Fed's monetary policy should remain "somewhat restrictive" to cool inflation, Kansas City Fed President Jeffrey Schmid said, as he cautioned against cutting interest rates further.

US Treasury yields were higher intraday, with the 10-year rate up 2.7 basis points at 4.17% and the two-year rate rising 5.4 basis points to 3.51%.

In company news, Robinhood Markets (HOOD) shares slumped 11%, the second-worst performer on the S&P 500. The company late Tuesday reported a fiscal fourth-quarter revenue that fell short of the Street's expectations.

Humana (HUM) provided a full-year earnings outlook below the Street's estimates Wednesday as the health insurer flagged headwinds tied to quality ratings of its Medicare Advantage plans. The company's shares were down 2% intraday.

GlobalFoundries' (GFS) fourth-quarter results exceeded the Street's views, while the semiconductor manufacturer issued an upbeat revenue outlook at the midpoint for the first quarter. Its shares surged 15%.

Caterpillar (CAT) shares were up 3.2%, the top gainer on the Dow, as Argus raised its price target on the heavy equipment manufacturer's stock to $820 from $625.

West Texas Intermediate crude oil was up 1.7% at $65.06 a barrel intraday.

"Oil prices rose, supported by escalating risk as US-Iran talks remained tenuous, while draws of crude from key stockpiles suggested stronger demand," D.A. Davidson said in a note to clients.

Gold was up 1.5% at $5,106 per troy ounce, while silver jumped 4.6% to $84.07 per ounce.

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