{"id":58485,"date":"2026-02-13T17:08:32","date_gmt":"2026-02-13T21:08:32","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/wall-street-ends-mixed-amid-tech-rotation-rubio-set-for-zelenskyy-meeting-in-munich\/58485\/"},"modified":"2026-02-13T17:08:32","modified_gmt":"2026-02-13T21:08:32","slug":"wall-street-ends-mixed-amid-tech-rotation-rubio-set-for-zelenskyy-meeting-in-munich","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wall-street-ends-mixed-amid-tech-rotation-rubio-set-for-zelenskyy-meeting-in-munich\/58485\/","title":{"rendered":"Wall Street Ends Mixed Amid Tech Rotation; Rubio Set for Zelenskyy Meeting in Munich"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Major US indices finished Friday mixed<\/strong>; the Dow and <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> posted marginal gains of <strong>0.05%<\/strong> while the Nasdaq fell <strong>0.28%<\/strong> as AI-related tech selling persisted.<\/li>\n<li><strong>US Secretary of State Marco Rubio<\/strong> is scheduled to meet Ukrainian President <strong>Volodymyr Zelenskyy<\/strong> in Munich on Saturday to discuss the ongoing conflict and transatlantic security strategy.<\/li>\n<li><strong>Canada is launching a major trade mission to Mexico<\/strong> on February 15, led by Minister <strong>Dominic LeBlanc<\/strong>, ahead of the high-stakes <strong>2026 USMCA review<\/strong> process.<\/li>\n<li><strong>Applied Materials (<a href=\"\/stock\/AMAT\">AMAT<\/a>)<\/strong> shares surged over <strong>11%<\/strong> following impressive quarterly results, providing a rare bright spot in a volatile semiconductor sector.<\/li>\n<li><strong>January CPI data<\/strong> showed inflation cooling to <strong>2.4%<\/strong>, slightly lower than market estimates, but failed to ignite a broad rally as investors rotated out of megacap tech names.<\/li>\n<\/ul>\n<p><strong>Wall Street<\/strong> closed a turbulent week on a mixed note as investors weighed cooling inflation data against persistent concerns over the valuation of artificial intelligence leaders. The <strong>S&amp;P 500<\/strong> unofficially gained <strong>3.32 points<\/strong>, or <strong>0.05%<\/strong>, to finish at <strong>6,836.08<\/strong>, while the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average<\/strong> edged up <strong>25.11 points<\/strong> to <strong>49,477.09<\/strong>. In contrast, the tech-heavy <strong>Nasdaq Composite<\/strong> declined <strong>62.11 points<\/strong>, or <strong>0.28%<\/strong>, to end at <strong>22,535.04<\/strong>, marking its third consecutive week of losses.<\/p>\n<p>The divergence in performance was driven by a sharp rotation out of &quot;Magnificent Seven&quot; names like <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong>, <strong>Alphabet (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>)<\/strong>, and <strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>)<\/strong>, which all finished lower on Friday. <em>Market sentiment remains fragile as traders question the immediate profitability of massive AI infrastructure spending.<\/em> However, software service providers like <strong>Salesforce (<a href=\"\/stock\/CRM\">CRM<\/a>)<\/strong>, <strong>ServiceNow (<a href=\"\/stock\/NOW\">NOW<\/a>)<\/strong>, and <strong>Oracle (<a href=\"\/stock\/ORCL\">ORCL<\/a>)<\/strong> found some respite, gaining between <strong>3% and 4%<\/strong> during the session.<\/p>\n<p>In the geopolitical arena, US Secretary of State <strong>Marco Rubio<\/strong> arrived at the <strong>Munich Security Conference<\/strong> on Friday, where he is leading a large American delegation. Rubio is expected to meet with Ukrainian President <strong>Volodymyr Zelenskyy<\/strong> on Saturday to address the &quot;terrible&quot; human cost of the war and push for a diplomatic resolution. <em>The Secretary&#39;s visit is being closely watched by European allies as he signals a &quot;new era in geopolitics&quot; that emphasizes increased burden-sharing for continental defense.<\/em><\/p>\n<p>Trade tensions are also moving to the forefront as <strong>Canada<\/strong> prepares to lead its largest-ever trade mission to <strong>Mexico<\/strong> from February 15 to 20. Led by Minister <strong>Dominic LeBlanc<\/strong>, the mission aims to solidify North American supply chains before the formal <strong>USMCA review<\/strong> begins in July 2026. This review is expected to be a high-stakes negotiation, with the <strong>US administration<\/strong> likely seeking concessions on labor, energy, and digital trade rules.<\/p>\n<p>Despite the broader tech sell-off, <strong>Applied Materials (<a href=\"\/stock\/AMAT\">AMAT<\/a>)<\/strong> emerged as a top performer, jumping more than <strong>11%<\/strong> after reporting quarterly earnings that beat analyst expectations. Other chip-related gainers included <strong>Arista Networks (<a href=\"\/stock\/ANET\">ANET<\/a>)<\/strong>, which rose <strong>6%<\/strong>. <em>Analysts suggest that while megacap hardware providers are facing a pullback, specific semiconductor equipment manufacturers continue to benefit from robust demand for advanced manufacturing capabilities.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Major US indices finished Friday mixed; the Dow and S&amp;P 500 posted marginal gains of 0.05% while the 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