New York, Feb 14, 2026, 12:53 EST — The market has closed.
- First Trust Cloud Computing ETF (SKYY) jumped 2.5% Friday, outpacing a sluggish Nasdaq as softer U.S. inflation numbers came in.
- Rate-sensitive software stocks caught a boost from sliding Treasury yields, even as concerns over AI-fueled upheaval kept investors on edge.
- Markets will be closed Monday for Washington’s Birthday. After the bell Tuesday, Palo Alto Networks is set to release its results.
The First Trust Cloud Computing ETF finished the day 2.52% higher at $114.26 on Friday, reversing earlier declines after softer U.S. inflation numbers reignited hopes for Fed rate cuts.
This carries weight for cloud and software stocks, which trade on the promise of future profits. Lower yields make those future earnings pencil out better. On Friday, after the Consumer Price Index landed at a 2.4% year-over-year increase—just under the 2.5% economists had expected—the 10-year Treasury yield pulled back, Reuters said.
Still, screens flashed with nerves. The Nasdaq slipped, closing in the red, while tech shares dropped 0.5%—investors wary about how rapid advances in artificial intelligence might disrupt segments of the software sector.
Cloud computing, which covers everything from software to storage and processing muscle online, has felt the impact of those shifting currents. “Either way, it is a bit of good news as we head into the long holiday weekend,” said Tim Holland, chief investment officer at Orion, talking about the CPI print. Reuters
Shares of Global X Cloud Computing ETF (CLOU) followed suit, closing Friday at $19.62, up 2.56%, StockAnalysis data shows.
Shares of WisdomTree’s Cloud Computing Fund (WCLD) recently traded near $28.19, a gain of roughly 2.6% over the previous $27.48 close, data from Investing.com show.
As of Feb. 13, SKYY’s heftiest holdings featured CoreWeave, Arista Networks, Alphabet, Amazon, and Microsoft. Then there’s a wide scatter of software and cloud infrastructure stocks—Cloudflare, DigitalOcean, ServiceNow all in the mix.
Next up: the holiday break. With U.S. exchanges shuttered on Monday, Feb. 16, for Washington’s Birthday, traders face a condensed stretch before the next wave of risk events.
All eyes are on Palo Alto Networks as the company prepares to post its fiscal Q2 numbers after the bell on Tuesday, Feb. 17, according to its statement. Earlier, Reuters flagged that Palo Alto Networks is lining up a dual listing in Tel Aviv, moving ahead with the plan after completing its $25 billion CyberArk acquisition.
Options traders are positioned for bigger moves than usual. According to Investopedia, the implied volatility signals about an 8% shift in either direction tied to the report.
Still, cloud-focused funds aren’t on solid ground yet. Should yields climb again, or if upcoming results and guidance spark fresh fears about AI-driven price pressure for software, that short-lived rally from last week could unwind in a hurry.
Once Palo Alto’s numbers are out, attention shifts to heavyweight enterprise software names next in line—Salesforce and Snowflake. Both companies, per their statements, have scheduled their results for Feb. 25, right after the closing bell.
