Dow Jones Set Fresh Record High
2026-02-09 21:01
By
Felipe Alarcon
1 min. read
The Dow edged 0.1% higher to a record high, while the S&P 500 added 0.5% and the Nasdaq advanced 0.8%, amid a renewed bid for large-cap technology and AI-linked names that offset lingering caution ahead of key US macro data later this week.
Chipmakers and AI infrastructure stocks drove the move, with Nvidia (2.5%) and Broadcom (3.4%) extending gains and Oracle jumping 9.6% after an analyst upgrade tied to AI demand, reinforcing confidence in sustained capital spending on data services.
The rebound followed last week’s sharp tech-led selloff, as investors reassessed valuations after forward multiples compressed meaningfully.
In contrast, software stocks lagged, reflecting concerns that rapid advances in generative AI could pressure pricing power and cloud growth visibility for legacy platforms.
Focus now shifts to the delayed January jobs report and upcoming CPI data, which are expected to refine expectations for the pace of economic cooling and the timing of potential policy easing.