Feb 16, 2026 · QQQ/SPY Market Review · 9 headlines
U.S. markets were closed for Presidents' Day. News centered on Apple's March 4 event across three cities, scrutiny of Meta and SpaceX AI projects, Hapag-Lloyd's $4.2 billion agreement to acquire ZIM, and German inflation and U.K. labor data.
Published
Apple scheduled a March 4 in-person event across Shanghai, New York and London. Meta said it never launched a chatbot that failed internal tests involving minors nearly 70% of the time, while SpaceX and xAI reportedly joined a secret $100 million Pentagon drone-swarm contest.
China's share of U.S. Treasury holdings fell from 28% to a 15-year low of 7%, while Hapag-Lloyd agreed to acquire ZIM for $35.00 per share in cash, valuing the transaction at $4.2 billion and a 58% premium.
Germany's January CPI rose 0.1% month over month and 2.1% year over year, both matching estimates. U.K. unemployment was 5.2% in December, matching estimates and above the prior 5.1% reading.
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