Macro Focus: US Jobless Claims, Housing Sales, and Tech Sector Reactions — Feb 12, 2026

<Para>U.S. initial jobless claims and January home sales data are key focus for Friday, February 12, 2026.</Para> <Para>Cisco Systems (CSCO-US) reported Q2 revenue up about 10% YOY to $140B and EPS to $0.80 vs. guidance, but third-quarter earnings guidance met expectations, leading to a 7% post-market decline. Apple (AAPL-US) could benefit from memory price increases despite a 15% rise in component costs, with Bernstein raising its price target to $340 from $325. Micron (MU-US) gained nearly 10% as HBM4 production entered high-volume and began shipping ahead of schedule. Analysts note overblown panic on software shares amid AI disruption, with AI more likely to enhance existing offerings. U.S. employment data on January nonfarm jobs outperformed expectations, driving bond yields higher and shifting expectations for Fed rate cuts this year.</Para>