Morgans AM - Thursday, 12 February 2026

US equity markets retreated as investors digested stronger-than-expected jobs data and as software stocks came under fresh selling pressure - Dow eased -67-points or -0.13%, snapping a three-session losing streak. International Business Machines (IBM) Corp dropped -6.5%, while American Express Co (-2.53%) and Boeing Co (2.61%) fell over >2.5%. Caterpillar Inc (4.4%) and Verizon Communications Inc (3.33%) were the leading components in the 30-stock index, while Coca-Cola Co (+2.33%) rebounded a day after posting weaker-than-expected revenue for the fourth quarter