New York, Feb 7, 2026, 08:51 EST — The market has wrapped up for the day.
- Apple ended Friday up 0.8%, though the stock edged lower once after-hours trading kicked in
- Chipmakers rallied, pushing Wall Street higher, while Amazon slipped on its capital spending forecast.
- Investors are now waiting on delayed U.S. jobs numbers set for Feb. 11, followed by CPI data due Feb. 13.
Apple finished Friday with a gain, up 0.8% to close at $278.12. After the bell, shares slipped back 0.3% to $277.25 as the market looked ahead to Monday’s open.
That wrapped up a turbulent week among megacap tech, with traders wrestling over whether fresh jitters about artificial intelligence spending are just a bump in the road or the start of something more persistent.
This puts Apple in a unique spot: it’s not only a Dow heavyweight, but also a growth-stock bellwether. And with the next batch of U.S. data looming, the pressure’s on as investors brace for a possible reset in interest-rate cut expectations.
Stocks in the U.S. rallied Friday, the S&P 500 gaining 1.97% and the Nasdaq climbing 2.18%, led higher by chipmaker strength. Shares of Amazon slid 5.6% after the company said it expects capital expenditures to shoot up by more than 50%—money set aside for equipment and data centers—as competition in AI heats up.
“This trade has been volatile,” said Ross Mayfield, investment strategy analyst at Baird. He pointed to “real demand for AI products” that’s been able to “put a ‘floor’ under the group” following selloffs. Reuters
The Dow finished above 50,000 for the first time, hitting a new milestone as investors appeared to rotate out of a narrow group of tech leaders. “What’s driven it recently has been the broadening,” said Chuck Carlson, chief executive at Horizon Investment Services. Reuters
Apple shares managed a modest, steady climb this week, rising roughly 3% from Monday’s close, Investing.com data shows.
After a stellar holiday stretch, Apple remains on a tear. On Jan. 29, the company reported revenue of $143.8 billion and earnings per share at $2.84. CEO Tim Cook described iPhone demand as “unprecedented.” Apple
Still, Apple is warning about supply snags that might impact the near term. Following the results, Cook told analysts that certain processor shortages were hitting iPhone output, adding, “it’s difficult to predict when supply and demand will balance,” according to Reuters. Reuters
One risk that hasn’t gone away: another jump in rates, or a pullback from crowded “AI trade” bets, could weigh on tech valuations—Apple included. Right now, the company’s forecast depends on what it pays for parts and whether it can get them. Apple, in its latest filing, repeated the usual warning: future statements come with “risks and uncertainties,” and actual results might look very different. SEC
Apple has set its upcoming dividend at $0.26 per share, according to the company’s investor relations page. Shareholders of record as of Feb. 9 will get paid on Feb. 12.
Apple’s annual meeting lands on Feb. 24, and this year it’s going virtual, the company said.
Looking ahead, macro drivers take center stage. The U.S. January employment report, postponed by the recent government shutdown, lands on Wednesday, Feb. 11. Two days later, January CPI numbers hit on Friday, Feb. 13.
The Bureau of Labor Statistics has the CPI release scheduled for 8:30 a.m. on Feb. 13—a number that could jolt Treasury yields and ripple through rate-sensitive names like Apple.
