CNBC Business News Update Market Close: Stocks Higher, Amazon Snaps Longest Losing Streak Since 2006, Cheaper Apple Devices Coming 2/17/26
Feb 17, 2026
Market moves and major indexes tick higher while NVIDIA posts modest gains. Amazon ends a historic nine-day slide amid debate over big spending. Apple teases a March event with cheaper iPhone, iPad and MacBook options and AI Siri ambitions. Home builder sentiment cools even as remodeling demand holds. Ford weighs joint ventures in China and regulatory risks.
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Selective Market Strength
- Major U.S. indexes closed slightly higher after a mostly flat session showing steady market resilience.
- NVIDIA and Apple led gains while several companies hit all-time highs, signaling selective strength.
Amazon's Pain And AI-Fueled Spending
- Amazon snapped a nine-day losing streak but had still lost about $450 billion during that run.
- The company plans $200 billion in CapEx, largely for AI, which worries investors about heavy spending.
Prepare For Cheaper Apple Devices
- Expect Apple to promote more affordable hardware at its March 4th event, including cheaper iPhone, iPad, and MacBook variants.
- Watch for an AI-focused Siri upgrade as the major product differentiator investors and customers await.