US EQUITY OPEN: Indices slump after the open as Mag-7 (ex-AAPL) leads the declines

Newsquawk Staff · 17 Feb 2026, 15:17 UTC

US EQUITY OPEN: Indices slump after the open as Mag-7 (ex-AAPL) leads the declines.

What our latest note said

US Market Open, 28 Oct, 10:34 UTC · what it led with

NQ futures outperform following SK Hynix's upbeat earnings.
DXY flat; NZD hit after the RBNZ unexpectedly held rates steady.

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FX headlines from our feed, and what the market did next.

US President Trump expected to remove some tariffs on Canada in a bid to help Senator Susan Collins, WSJ reports.
USD/CAD−0.2%
South Africa’s National Treasury says Inflation is expected to return to 3% target in 2029.
USD/ZAR−0.3%
Fed’s Waller (voter) says more rate hikes are likely needed to tame inflation, but there is flexibility over the pace and hikes do not need to be consecutive.
DXY+0.1%

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