{"id":1232542,"date":"2026-02-13T11:49:01","date_gmt":"2026-02-13T09:49:01","guid":{"rendered":"https:\/\/www.etoro.com\/?p=1232542"},"modified":"2026-02-27T17:55:54","modified_gmt":"2026-02-27T15:55:54","slug":"tech-starts-to-crack","status":"publish","type":"post","link":"https:\/\/www.etoro.com\/en-us\/news-and-analysis\/the-daily-breakdown\/tech-starts-to-crack\/","title":{"rendered":"Tech Starts to Crack"},"content":{"rendered":"<p>The Daily Breakdown takes a closer look at the weakness in tech, as other sectors continue to shine the early parts of 2026.<\/p>\n<p><i><span style=\"font-weight: 400;\">Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. <\/span><\/i><b><i>To keep getting our daily insights<\/i><\/b><i><span style=\"font-weight: 400;\">, all you need to do is <\/span><\/i><a href=\"https:\/\/www.etoro.com\/login\"><i><span style=\"font-weight: 400;\">log in<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> to your eToro account.<\/span><\/i><\/p>\n<h2><b>What&#8217;s Happening?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Wall Street was hit with a volatility spike on Thursday, weighing on several asset classes. <a href=\"https:\/\/www.etoro.com\/markets\/silver\">Silver<\/a> sank more than 10%, <a href=\"https:\/\/www.etoro.com\/markets\/gold\">gold<\/a> slipped about 3%, and <a href=\"https:\/\/www.etoro.com\/markets\/btc\">Bitcoin<\/a> edged lower. Equities also struggled: the <a href=\"https:\/\/www.etoro.com\/markets\/rty\">Russell 2000<\/a> and <a href=\"https:\/\/www.etoro.com\/markets\/nsdq100\">Nasdaq 100<\/a> each fell roughly 2%, while the <a href=\"https:\/\/www.etoro.com\/markets\/dj30\">Dow<\/a> and <a href=\"https:\/\/www.etoro.com\/markets\/spx500\">S&amp;P 500<\/a> declined 1.3% and 1.5%, respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Beneath the surface, leadership was narrow. Utilities extended their recent momentum, rising 1.5%, while staples and real estate managed modest gains. On the downside, energy, financials, and tech led the retreat, with tech down 2.6%. Semiconductors and software were weak, too.\u00a0<\/span><\/p>\n<h4><b>Inflation on Tap<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Friday brings the January CPI report, the market\u2019s next key inflation update. Consensus expects headline CPI to rise 2.5% year over year, down from 2.7% last month. A hotter-than-expected print, paired with the stronger jobs report, could reinforce the case for the Fed to stay on hold. An in-line or softer reading, however, may revive expectations for a more dovish shift once a new chair is in place.<\/span><\/p>\n<p style=\"text-align: center;\"><strong>Want to receive these insights straight to your inbox?<\/strong><\/p>\n<p style=\"text-align: center;\"><a class=\"e-cta\" href=\"https:\/\/www.etoro.com\/en-us\/accounts\/sign-up\" target=\"_blank\" rel=\"noopener noreferrer\">Sign up here<\/a><\/p>\n<h2><b>The Setup \u2014 JPMorgan<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">After a strong 2025, when <a href=\"https:\/\/www.etoro.com\/markets\/jpm\">JPMorgan<\/a> gained more than 34%, the stock has stumbled in early 2026, down about 6%. Support has been materializing in the $290 to $300 zone:\u00a0<\/span><\/p>\n<figure id=\"attachment_1232543\" aria-describedby=\"caption-attachment-1232543\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-1232543\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2026\/02\/JPM-1024x859.png\" alt=\"Daily chart of JPM stock, for The Daily Breakdown.\" width=\"1024\" height=\"859\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2026\/02\/JPM-1024x859.png 1024w, https:\/\/www.etoro.com\/wp-content\/uploads\/2026\/02\/JPM-300x252.png 300w, https:\/\/www.etoro.com\/wp-content\/uploads\/2026\/02\/JPM-768x644.png 768w, https:\/\/www.etoro.com\/wp-content\/uploads\/2026\/02\/JPM.png 1412w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-1232543\" class=\"wp-caption-text\"><em>Chart as of the close on 2\/12\/2026. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Bulls are hoping that JPM continues to find support in this range, alongside the rising 200-day moving average. Bears are hoping that support breaks, potentially ushering in more downside momentum.\u00a0<\/span><\/p>\n<h4><b>Options<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Investors who are bullish could consider calls or call spreads as one way to speculate on further upside, while bearish investors could consider puts or put spreads to speculate on a further move to the downside. For options traders, it may be advantageous to have adequate time until the option\u2019s expiration.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To learn more about options, consider visiting the <\/span><a href=\"https:\/\/www.etoro.com\/en-us\/academy\/options\/\"><span style=\"font-weight: 400;\">eToro Academy<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2>What Wall Street&#8217;s Watching<\/h2>\n<p><b>ANET<\/b><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.etoro.com\/markets\/anet\">Arista Networks<\/a> surged in after-hours trading, up more than 15% at one point following its earnings report. Revenue came in at $2.49 billion versus expectations of $2.38 billion, while EPS of $0.82 beat the $0.72 consensus. <\/span><a href=\"https:\/\/www.etoro.com\/markets\/anet\/chart\"><span style=\"font-weight: 400;\">Check out the charts for ANET<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><b>AAPL<\/b><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.etoro.com\/markets\/aapl\">Apple<\/a> was the worst-performing Magnificent 7 name on Thursday, falling 5%. Even the group&#8217;s top-performing stocks struggled on the day, with Microsoft and Alphabet each down 0.6%. Apple\u2019s decline came on reports that its AI-driven Siri launch will be delayed. <\/span><a href=\"https:\/\/www.etoro.com\/markets\/aapl\/stats\"><span style=\"font-weight: 400;\">Dig into the fundamentals for AAPL<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><b><i>Disclaimer:<\/i><\/b><\/p>\n<p><b><i>Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Daily Breakdown takes a closer look at the weakness in tech, as other sectors continue to shine the early parts of 2026. Before we dive in, let\u2019s make sure you\u2019re set to receive The Daily Breakdown each morning. To keep getting our daily insights, all you need to do is log in to your&hellip;<\/p>\n","protected":false},"author":130,"featured_media":819735,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6894],"tags":[],"asset_type":[],"class_list":["post-1232542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-breakdown"],"acf":[],"yoast_head":"<title>The Daily Breakdown: Tech Starts to Crack<\/title>\n<meta name=\"description\" content=\"The Daily Breakdown takes a closer look at the weakness in tech, as other sectors continue to shine the early parts of 2026.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.etoro.com\/en-us\/wp-json\/wp\/v2\/posts\/1232542\" \/>\n<meta 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