Markets Display Risk Aversion Before Reopening

US equity-index futures fell and Treasuries edged higher on Tuesday, Feb. 17, 2026, as markets reopened after the Presidents' Day holiday; S&P 500 futures dropped 0.4%, Nasdaq 100 futures fell 0.7%, and the 10-year U.S. Treasury yield slipped to 4.03%. Traders cited renewed geopolitical risk after Iran naval exercises, upcoming Fed speakers and data, and an 'AI scare trade' pressuring tech.