Stock Market Today, Feb. 17: Amazon Stops Slide Spurred By AI Spending Fears

Feb 17, 2026
stock-market-today,-feb.-17:-amazon-stops-slide-spurred-by-ai-spending-fears

The S&P 500 (SNPINDEX:^GSPC) rose 0.10% to 6,843.22, the Nasdaq Composite (NASDAQINDEX:^IXIC) added 0.14% to 22,578.38, and the Dow Jones Industrial Average (DJINDICES:^DJI) inched up 0.07% to 49,533.19 in a volatile, AI-jittery session.

Market movers

AI spending angst and competitive fears pressured growth names, even with Amazon (NASDAQ:AMZN) ending its historic slide. Snowflake (NYSE:SNOW) dropped on Google BigQuery news, while Apple (NASDAQ:AAPL) and GE Aerospace (NYSE:GE) helped support the Dow and broader value pockets.

What this means for investors

The “SaaSpocalypse” storyline continued Tuesday, with AI-disruption fears continuing to depress some software names, while mega‑cap AI infrastructure and Magnificent Seven names dragged on the S&P 500 and Nasdaq. On the brighter side, Amazon halted its downward slide on Tuesday, ending its losing streak that began after it reported earnings that included a guide for massive CapEx spending.

In non-tech news, consumer staples and packaged-food names struggled as investors show concern that a softening U.S. consumer could pressure margins and earnings across defensive sectors. Even with all this market uncertainty, JPMorgan (NYSE:JPM) argued that select quality names now look mispriced after the AI rerating, suggesting investors are increasingly focusing on moats and regulation while positioning ahead of the next inflation and GDP releases.

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JPMorgan Chase is an advertising partner of Motley Fool Money. Jeff Santoro has positions in Amazon and Apple. The Motley Fool has positions in and recommends Amazon, Apple, GE Aerospace, JPMorgan Chase, and Snowflake. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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