Stock Market 12 February 2026

JBS USA is closing its Souderton, Pennsylvania beef plant and a Memphis value-added facility, affecting 1,693 jobs amid high beef and veal prices and tight cattle supplies. In the semiconductor sector, TSMC’s U.S. shares rose 6.9% to $462.12, Nvidia gained 3% to $210.69, and both companies outperformed the PHLX Semiconductor Index, which rose 7.3% for the week. Intel surged 10.6% to a new high of $133.99, and AMD advanced 4.9% to $537.37, with both stocks outperforming the broader Nasdaq. In Canada, Royal Bank of Canada shares slipped 0.36% after the OSFI cut the Domestic Stability Buffer to 3.0%, allowing more lending flexibility for major banks. Bombardier shares rose 4.41% as the luxury tax generated C$913.4 million before being cut. Joby Aviation closed at $10.00, up $0.60, with high trading volume ahead of the Juneteenth market closure. Bradesco’s shares finished flat in Brazil as the central bank cut the Selic rate to 14.25%, with investors watching profit recovery and credit-loss provisions. Alphabet shares rose 1.17% to $368.03, while Microsoft fell 2.9% to $379.40, lagging the S&P 500 and Nasdaq. SpaceX shares dropped 3.6% to $185, while Nvidia’s market cap reached $5.14 trillion, more than double SpaceX’s estimated $2.4 trillion. U.S. markets were closed Friday for Juneteenth, with the S&P 500 trading at 21.1 times expected earnings, above its long-term average. MDA Space’s Toronto shares rose 4.4% after agreeing to buy Blue Canyon Technologies for $620 million to expand in U.S. defense-space work.