Stock Market Today, Feb. 17: Stocks fall after long Presidents' Day weekend

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Happy Tuesday. This is TheStreet’s Stock Market Today for Feb. 17, 2026. You can follow the latest updates on the market here in our daily live blog.

Update: 9:30 – 9:45 a.m. ET

Opening Bell

The opening bell tolls, the U.S. markets are open for the week. Getting off the starting lines, it's warm tidings for the Dow (+0.22%), but not so much for the Nasdaq (-0.47%) and Russell 2000 (-0.46%) which are facing continued tech weakness.

The S&P 500(-0.20%) today is facing modest declines as a result, too.

Among S&P 500 sectors, financials (+0.93%) and utilities (+0.62%) are seeing the healthiest gains among the six floating higher today. The worst off are materials (-1.19%) and energy (-0.68%).

Of course, even modest declines in technology (-0.18%) are worth keeping an eye on, seeing how it controls over a third of the index's weight and is instrumental to its success.

Also notable, spot prices of once red-hot commodities like silver and gold are also dipping today, down 6.11% and 2.85% respectively, putting them at $73.20 and $4,902.30 per data from Nymex.

Finally, the 10Y Treasury is 1 bip lower at 4.046%, its lowest showing since late November.

Big News

In big deal news this morning, Danaher is going to pay $9.9 billion for medical device company Masimo, which is remembered for its successful legal drive against the Apple Watch, which was found to have used elements of the company's blood oxygen monitoring technology patent.

Netflix has given Warner Bros. Discovery the opportunity to explore a revised deal made by Paramount Skydance for the next seven days, giving the Ellison-owned entertainment company one more week to make its "best and final" offer.

Update: 8:43 a.m. ET

A.M. Update

Happy Monday... woops, no... Happy Tuesday. We hope you enjoyed a break from the market on Monday while the U.S. celebrated Presidents' Day.

The markets are tipping lower this morning, with Nasdaq 100 futures declining over 1% after the long weekend. As a result, it looks as though tech and software will be most affected to start the week.

That said, let's take a look at what we have coming up today:

A.M. Earnings: Medtronic, LabCorp, Intercontinental Hotels

Usually, Monday isn't a very busy day for earnings. Alas, it's Tuesday, so we're getting right into it this week. This morning, Medtronic, Energy Transfer LP, and Coca-Cola Europacific Partners will be among the largest reports of the day.

Economic Data: ADP Employment, NY Empire State Manufacturing, NAHB Housing

This week will get busy for economic data tomorrow with Housing Starts/Building Permits and FOMC Minutes, among other things. However, we'll start off the week with a light course of reports. Here's the set: