Finance

Thursday's big stock stories: tech drag, energy leadership set tone

Amazon extended its seventh straight losing session, down about 16% during the streak, heightening concerns about tech momentum. McDonald's beat on revenue and profit, supported by its value push, and sits within 2% of an all-time high while on track to snap a five-week winning streak.

📅 February 11, 2026
⏱️ 2 min read
Thursday's big stock stories: tech drag, energy leadership set tone

Key Takeaways

  • Amazon on a seven-session losing streak; a next move could tie the 2019 eight-day slump.
  • McDonald's earnings beat on revenue and profit; shares within 2% of their all-time high and set to snap a five-week win streak.
  • Energy remains the year’s top performer, up more than 20%, with XLE at an all-time high and ExxonMobil posting an intraday record while Chevron hits a new 52-week high.
  • Birkenstock down about a third from 2025 closing high; Hermès flat YTD; LVMH down around 18% in 2026; Crocs down about 30% over three years.
  • Coinbase set to report after the bell; shares down more than 60% from the July high and on pace for a fourth straight losing month; Wynn Resorts due to report with a ~4% YTD decline and flat over five years.

People Involved

  • No specific individuals mentioned

Entities Involved

  • Amazon.com, Inc. (AMZN)E-commerce and cloud computing giant
  • Energy Select Sector SPDR Fund (XLE)Energy sector ETF
  • Exxon Mobil Corporation (XOM)Integrated oil company
  • Chevron Corporation (CVX)Integrated oil company
  • Coinbase Global, Inc. (COIN)Cryptocurrency exchange
  • Birkenstock Holding SEFootwear retailer/brand
  • Hermès International S.A. (HRMS.PA)Luxury goods house
  • LVMH Moet Hennessy Louis Vuitton SELuxury goods conglomerate
  • Crocs, Inc. (CROX)Footwear company
  • Wynn Resorts, Limited (WYNN)Gaming and hospitality operator

MarketMoodz Analysis

This is a market snapshot that underscores near-term volatility driven by a mix of mega-cap tech action, cyclical leadership, and key earnings. If Amazon continues to weigh on tech indices, breadth could remain pressured even as energy-led rotation sustains macro risk appetite. Coinbase’ earnings and Wynn’s report will be read as sentiment barometers for risk assets and on-venue bets, respectively.

The rotation toward cyclical sectors like energy has helped the market broaden its breadth this year, even as high-multiple growth names pull back. The 2019 memo of an eight-day Amazon slump serves as a historical bookmark for the risk of protracted tech weakness when momentum fades, while XLE’s strength illustrates a backdrop of active energy leadership.

Looking ahead, investors should watch Fed commentary and upcoming data for clues on rate trajectory and liquidity. A confirmatory move by energy names could sustain breadth, while disappointing results from Coinbase or Wynn could tilt sentiment back toward risk-off dynamics.

Source: Original Article

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