TRADER’S EDGE (13 February 2026) U.S. equities declined, led by technology-sector sell-off that saw the Dow Jones Industrial Average drop 670points, while Apple and App Lovin shares weakened.

KeithChai joined discussion · Feb 12 19:44

Global Markets

DJIA: -1.34% , S&P500: -1.57% , Nasdaq: -2.03%

$Dow Jones Industrial Average (.DJI.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Nasdaq Composite Index (.IXIC.US)$ $BURSA (1818.MY)$ $JPG (5323.MY)$ $Bitcoin (BTC.CC)$

U.S. equity markets retreated across the board, with the Nasdaq falling 2%, the S&P 500 down 1.6%, and the Dow Jones Industrial Average declining 1.3%, or 670 points. The pullback marked the Dow’s second consecutive loss after a three-session rally that had driven both intraday and closing record highs.

All Magnificent Seven stocks closed lower, led by a roughly 5% drop in Apple. The S&P 500 Information Technology sector was the weakest performer, down 2.7%, although select tech stocks such as Seagate, Sandisk, and Western Digital outperformed, posting gains of about 6%, 5%, and 4%, respectively.

US Treasury Yields 10-year @ 4.106% (+0.002)
U.S. Treasury yields edged lower on Thursday as investors digested the latest home sales data and awaited the upcoming key inflation report.

Moomoo source: PLTR (PALANTIR) graph

TRADER’S EDGE (13 February 2026) U.S. equities declined, led by technology-sector sell-off that saw the Dow Jones Industrial Average drop 670points, while Apple...

Palantir Technologies has secured expanded approval from the U.S. Defense Information Systems Agency, enabling wider deployment of its Federal Cloud Service across government environments. The authorization allows its AI-enabled, hardware-agnostic platform to be used in enterprise data centers and tactical edge settings, giving defense and national security agencies greater flexibility beyond centralized cloud systems.

Foreign Equity Flow (MYR mil):

Sectoral Performance (%):

The KLCI traded mixed with a defensive tone, as gains in Transportation, REITs and Property offset weakness in Telecommunications, Healthcare and Financials. Broader participation remained selective, suggesting cautious sentiment while investors rotated into yield and recovery-linked sectors.

Trade in Focus

Johor Plantations closed FY2025 on a strong note, with 4Q earnings up 9% y-o-y despite softer CPO prices. Full-year profit surged 34% to a record high, supported by firmer palm product prices and volumes, though 2026 outlook remains cautious amid volatility.

Bloomberg source: JPG target price by analysts

Moomoo: JPG graph

CME Group

Futures Market

Gold

Gold slipped to about $5,050 an ounce on Thursday, easing after the prior session’s gains as expectations for policy easing by the Federal Reserve were scaled back. Stronger-than-expected U.S. jobs data underscored labor market resilience, prompting traders to shift rate-cut expectations from June to July.

Crude Oil

West Texas Intermediate (WTI) crude fell on Thursday, pressured by easing US-Iran tension concerns and doubts over a major demand surge from China. The International Energy Agency (IEA) cut its global oil demand forecast, citing weaker-than-expected growth in Asia and persistent supply surpluses despite January’s short-term supply worries.

Cryptocurrency

Standard Chartered has revised its Bitcoin outlook downward for the second time in under three months, cautioning that the cryptocurrency may decline to $50,000 before staging a recovery. The bank now anticipates Bitcoin will close 2026 at $100,000, down from its previous forecast of $150,000. This follows an earlier reduction in December, when the target was cut from $300,000.

Moomoo source: QO2604 (E-mini Gold Futures) graph