US Stocks Swing to Gains

2026-02-09 16:02 By Andre Joaquim 1 min. read

US stock indices swung higher on Monday on strong support from companies in the AI space, while markets awaited a batch of key economic data later this week.

The S&P 500 and the Nasdaq 100 were around 0.5% higher each, while the more defensive Dow inched above the flatline to a new record high.

AI services and infrastructure companies led the gains, with Nvidia, Broadcom, and AMD rising around 3% each to set the pace for processors makers and Palantir and Oracle soaring 4.5% and 8%, respectively, to reflect the positive momentum for data services.

The surge coincided with another poor session for software companies, holding the selloff from last week as improving automation tools from Anthropic ignited concerns on the future of software that is vulnerable to AI.

Intuit and Salesforce fell over 2% each.

In turn, Eli Lilly inched higher after acquiring Orna Therapeutics for $2.4 billion.

Meanwhile, inflation expectations measured by the NY Fed fell to a six-month low.



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