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Fri, February 6, 2026 astatine 9:25 AM CST 2 min read
US stocks jumped connected Friday, acceptable to rebound from a week-long tech bruising arsenic Wall Street reassessed worries astir the interaction of AI disruption and the risks of hefty Big Tech spending.
The Dow Jones Industrial Average (^DJI) led the mode higher, surging implicit 1.5%, oregon much than 700 points. The S&P 500 (^GSPC) roseate 1%, portion the Nasdaq Composite (^IXIC) added astir 0.9%, arsenic the indexes began retracing crisp closing losses.
DJI - Free Realtime Quote USD
49,766.92 +858.20 (+1.75%)
As of 10:40:05 AM EST. Market Open.
^DJI ^IXIC ^GSPC
Wall Street is looking to extremity the week with a bounce back, arsenic Big Tech CEOs and analysts brushwood speech concerns astir the interaction of caller AI tools connected bequest tech. But the S&P 500 and Nasdaq are inactive acceptable for play losses, having slipped into antagonistic territory for 2026.
The tentative risk-on code extended beyond stocks, arsenic bitcoin (BTC-USD) climbed steadily backmost to supra $68,000, having touched a 16-month debased overnight. But the biggest cryptocurrency is inactive connected way for its worst play show since 2022 aft wiping retired each of its post-Trump predetermination gains this week.
Strategy (MSTR), 1 of the companies astir affected by the crypto's slump, revealed a nonaccomplishment for the quarter. The results initially weighed connected its stock, but shares were up implicit 13% connected Friday arsenic bitcoin revived and Strategy's CEO played down concerns astir debt-servicing risks.
Some tech gloom persisted arsenic Amazon's (AMZN) shares tumbled 9%. In its earnings, the large unreality supplier outlined plans for a monolithic 2026 leap successful spending to slightest $200 billion, adjacent arsenic its forecast for operating income fell short.
Elsewhere, Stellantis (STLA) warned it volition instrumentality a complaint of implicit 22 cardinal euros ($26 billion) successful a program to standard backmost its EV push. Shares successful the Jeep shaper tanked implicit 20% connected Wall Street and successful Milan (STLAM.MI), adding to a representation of EV malaise painted by this week's $60 cardinal wipeout for Chinese carmaker BYD (BYDDF, 1211.HK).
In commodities, metallic (SI=F) whipsawed but broadly resumed its diminution arsenic Chinese selling continued up of a nationalist holiday.
Looking ahead, the merchandise of the intimately watched January jobs report, primitively scheduled for Friday, has been pushed to Wednesday adjacent week. Fresh signs of occupation successful the labour marketplace emerged successful caller days, arsenic occupation openings sank to their lowest level since 2020 and layoff announcements surged.
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Nvidia shares emergence astir 5% arsenic Big Tech's 2026 capex acceptable to soar supra $600 billion
Nvidia (NVDA) banal spiked 4.6% successful Friday greeting trading arsenic the chipmaker was acceptable to payment from the much than $600 cardinal successful superior expenditures planned by the 4 Big Tech hyperscalers: Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL), and Meta (META).
Amazon said connected Thursday that it volition walk astir $200 cardinal successful 2026.
On Wednesday, Alphabet said its capex would autumn betwixt $175 cardinal and $185 billion.
The erstwhile week, Meta forecast it would walk anyplace from $115 cardinal to $135 billion. Microsoft hasn’t shared its full-year spending outlook, but if it continues to walk astatine the aforesaid complaint arsenic the archetypal fractional of its fiscal twelvemonth 2026 — which began successful July of 2025 — the Azure unreality supplier would spot astir $145 cardinal successful capex.
At the debased extremity of that range, the 4 would walk astir $635 cardinal this year, marking a astir 67% spike from the companies’ $381 cardinal expenditures successful 2025. At the precocious extremity of their guidance, the radical would walk astir $665 billion, oregon a 74% leap from the erstwhile year.
" It's each going to Nvidia," DA Davidson expert Gil Luria said successful an interrogation with Yahoo Finance Friday greeting of the capex figures.
He said that portion Nvidia shares person travel down astir 4% implicit the past 3 months — arsenic person chap AI spot designers Broadcom (AVGO) and AMD (AMD), which dropped astir 9% and 14% successful that clip frame, respectively — investors volition apt commencement erstwhile again "giving recognition to the companies that are capturing each the profits" from Big Tech's AI investments.
Stocks crook higher astatine the marketplace open
US stocks roseate aboriginal Friday successful a motion of cautious optimism for rebound aft a week-long tech rout.
The S&P 500 (^GSPC) roseate 0.5%, portion the Nasdaq Composite (^IXIC) added astir 0.2%, recovering from aboriginal premarket declines. The Dow Jones Industrial Average (^DJI) besides climbed 0.8% aft crisp losses for stocks connected Thursday.
Nasdaq GIDS - Free Realtime Quote USD
22,790.14 +249.55 (+1.11%)
As of 10:40:05 AM EST. Market Open.
Hims & Hers banal tanks, Novo Nordisk rises arsenic FDA targets copycat drugs
Hims & Hers Health (HIMS) and Novo Nordisk (NVO) stocks saw a reversal of fortunes connected Friday greeting aft the FDA announced a crackdown connected GLP-1 copycat drugs amid fierce contention successful the weight-loss cause market.
On Friday, the US Food and Drug Administration (FDA) commissioner Marty Makary said connected X that the bureau volition instrumentality "swift enactment against companies mass-marketing amerciable copycat drugs."
The determination came conscionable aft Hims & Hers announced it would motorboat a compounded weight-loss pill that would rival Novo Nordisk's Wegovy medicine for $49 to $99. Compounded drugs are customized medicines that are not FDA-approved and are sometimes considered "dupes" of branded medicines.
Novo Nordisk's banal dived pursuing the news, and the institution instantly threatened ineligible action, saying successful a statement, "Novo Nordisk volition instrumentality ineligible and regulatory enactment to support patients, our intelligence spot and the integrity of the US gold-standard cause support framework."
After the FDA seemed to measurement successful connected the matter, shares of Hims & Hers Health (HIMS) fell astir 7%, portion Novo Nordisk (NVO) banal jumped 7%.
Premarket trending tickers: Molina, Doximity, and Coty
Molina Healthcare (MOH) banal fell 28% earlier the doorbell connected Friday aft forecasting 2026 nett beneath analysts' expectations. The US wellness insurer said aesculapian costs person risen crossed its government-backed plans.
Doximity (DOCS) banal sank 30% during premarket hours contiguous aft lowering its full-year income outlook.
Coty (COTY) banal slumped 13% earlier the doorbell connected Friday. The quality marque retreat its fiscal twelvemonth guidance connected Friday.
Crypto pessimism is mounting in, but Michael Saylor is inactive holding on
Strategy (MSTR) banal jumped 6% connected Friday morning, defying the ongoing diminution successful bitcoin and the stock's 17% driblet connected Thursday.
On Thursday afternoon, the institution reported that it held 713,502 bitcoins with an mean acquisition terms of $76,052, astir 20% much than what bitcoin is trading for. Strategy reported operating losses of $17.4 billion, compared to $1 cardinal successful the aforesaid play successful 2024.
With bitcoin's terms of $66,227 connected Friday, the institution is inactive underwater connected its concern amid a crypto sell-off. But Strategy's Michael Saylor is urging the crypto faithful to enactment strong, echoing their mantra and conflict cry: "HODL."
NasdaqGS - Nasdaq Real Time Price USD
126.17 +19.18 (+17.92%)
As of 10:40:05 AM EST. Market Open.
Yahoo Finance's Hamza Shaban writes successful today's Morning Brief however Strategy's problems person been years successful the making:
Read much here.
Stellantis banal craters aft taking $26 cardinal complaint connected EV push
Jeep shaper Stellantis (STLA, STLAM.MI) warned connected Friday that it volition publication a €22.2 cardinal ($26 billion) complaint arsenic it scales backmost its EV push.
Shares plummeted implicit 20% successful premarket connected Wall Street and successful Milan, wherever trading was halted briefly. They plunged arsenic overmuch arsenic 24% successful Italy, the biggest driblet connected grounds for the Peugeot and Fiat automaker, to erase implicit €5 cardinal disconnected its marketplace cap.
NYSE - Nasdaq Real Time Price USD
7.32 -2.22 (-23.22%)
As of 10:40:04 AM EST. Market Open.
Bloomberg reports:
Reddit jumps aft posting upbeat guidance and affirmative Q4 results
Reddit (RDDT) banal jumped 7% earlier the doorbell connected Friday aft posting better-than-expected 4th fourth results and issuing affirmative guidance, helped by AI tools to bring much marketers to the platform.
Investing.com reports:
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Roblox forecasts beardown yearly bookings arsenic gaming level momentum grows
Reuters reports:
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Low liquidity spikes metallic terms aft steep decline
Bloomberg reports:
COMEX - Delayed Quote USD
76.63 -0.08 (-0.11%)
As of 10:30:06 AM EST. Market Open.
Read much here.
Bitcoin slump hits retail investors expecting governmental pro-crypto boon
Bloomberg reports:
CCC - CoinMarketCap USD
68,487.26 +1,599.09 (+2.39%)
As of 3:37:00 PM UTC. Market Open.
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