US Stocks Hold Gains on Tuesday
2026-02-10 14:35
By
Andre Joaquim
1 min. read
US equities inched higher on Tuesday, holding gains from the last two sessions as markets continued to gauge AI capital expenditure signals, while pessimistic retail sales data lowered rates across the curve.
The Dow added 200 points for another record, while the S&P 500 and the Nasdaq 100 were slightly higher.
Retail sales were sharply below expectations on December to reflect a more fragile consumer on the holiday period, driving rate traders to increase their positions on more than two Federal Reserve rate cuts this year.
Chip producers were higher with Nvidia, AMD, and Broadcom adding close to 1% following strong orderbooks posted by TSMC during January.
On the other hand, Alphabet shares dropped over 1% despite recording strong initial placements at the start of its massive bond issuance series.
Meanwhile, Coca Cola fell over 3% after missing fourth quarter revenues, while CVS lost more than 1% on lower-than-expected projections for this year.