MARKET UPDATE | February 16, 2026
- James C. McGrath
- Feb 16
- 1 min read
The S&P 500 fell 1.4% last week to 6,836.17, leaving the benchmark down 1.5% for the month and slightly negative for 2026 (-0.1%). Losses in financials and communication services outweighed gains in defensive sectors, reflecting investor caution despite generally solid earnings results. Concerns centered on forward guidance, with Cisco declining 9.4% after warning of lower margins tied to rising memory costs despite beating quarterly estimates.
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