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[MARKET UPDATE] Indices extend weakness with Mag-7 leading the declines, ex-Apple, although Wedbush earlier said the recent selloff in AAPL is unwarranted and 2026 will be the year Apple gets into the AI game

The current market update highlights an extension of weakness in equity indices, particularly among the Magnificent Seven, with Apple showing relative strength despite comments from Wedbush suggesting its recent selloff is exaggerated.

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[MARKET UPDATE] Indices extend weakness with Mag-7 leading the declines, ex-Apple, although Wedbush earlier said the recent selloff in AAPL is unwarranted and 2026 will be the year Apple gets into the AI game

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Newsquawk European Market Wrap - 17th February 2026

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Context

This could imply that market sentiment is driven by concerns in broader tech, while optimism around Apple's participation in AI in 2026 might provide a future bullish catalyst. Traders should watch for potential rebalancing or sector rotation, especially in tech stocks, as investor sentiment fluctuates around these narratives.

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