---
title: "Dow Drops 1.33%, IWM Down 2.04% Amidst Mixed Earnings Reports"
canonical_url: https://www.stockexpertai.com/journal/2026-02-13/dow-drops-133-iwm-down-204-amidst-mixed-earnings-reports
last_updated: 2026-02-13T12:07:01.198Z
section: "Crypto Corner"
author: "Alex Sterling"
publisher: Stock Expert AI
tickers: ESNT, AFRM, PMAX, AGCC
content_type: journal-article
---

# Dow Drops 1.33%, IWM Down 2.04% Amidst Mixed Earnings Reports

## The Take
- Monitor small-cap performance and BNPL sector developments as potential indicators of broader market sentiment and consumer financial health.

_Indices see broad declines as investors digest corporate earnings and diversification announcements._

Markets are signaling something important today. The Dow Jones Industrial Average (DIA) is down 1.33%, and the IWM shows a steeper decline of 2.04%, indicating weakness in small-cap stocks. The QQQ followed suit, dropping 2.03%, while the SPY is down 1.54%.

Essent Group Ltd. (ESNT) reported its fourth quarter and full year 2025 results, with net income for the quarter at $155.0 million, or $1.60 per diluted share, compared to $167.9 million, or $1.58 per diluted share, for the quarter ended December 31, 2024. The full year 2025 saw net income of $690.0 million, or $6.90 per diluted share, compared to $729.4 million, or $6.85 per diluted share for 2024. Despite the slightly lower figures, ESNT increased its quarterly dividend, reflecting confidence in its financial position. ESNT ended the day up slightly, gaining +0.20% to close at $65.64.

Affirm (AFRM) is facing scrutiny as analysts are split on its risk-adjusted returns compared to other Buy Now, Pay Later (BNPL) providers like Klarna. Concerns about younger users and higher late payment rates are raising questions about the sustainability of the BNPL sector. AFRM shares reacted negatively, falling 11.99% to $49.76. Powell Max Limited (PMAX) announced that it has regained compliance with Nasdaq's listing requirements, yet the stock still fell 6.10% to $2.31.

Agencia Comercial Spirits Ltd (AGCC) announced its evaluation of potential diversification into AI computing infrastructure and data center opportunities. While the company remains an importer and distributor of whisky products, this move signals a potential shift in its business strategy. AGCC closed up 1.04% at $11.61. Elkem ASA announced an agreement to sell the majority of its Silicones division to Bluestar, in a transaction settled with Elkem shares held by Bluestar.

Keep these levels in mind as you navigate today's session.

## Related Tickers
- [ESNT](https://www.stockexpertai.com/stock/esnt)
- [AFRM](https://www.stockexpertai.com/stock/afrm)
- [PMAX](https://www.stockexpertai.com/stock/pmax)
- [AGCC](https://www.stockexpertai.com/stock/agcc)

## Frequently Asked Questions

### Why did the Dow Jones drop today?
The Dow Jones Industrial Average fell due to a combination of factors, including mixed earnings reports from companies like Essent Group (ESNT) and negative reactions to news from Affirm (AFRM). Broader market declines, as seen in the IWM and QQQ, also contributed to the overall downturn, reflecting investor concerns.

### How are individual stocks like ESNT and AFRM performing?
Essent Group (ESNT) saw a slight increase despite slightly lower earnings, while Affirm (AFRM) experienced a significant drop due to analyst concerns. These contrasting performances highlight the varied impact of earnings and market sentiment on individual stocks.

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_AI-generated under human editorial supervision. Educational research, not financial advice._