Market Update - February 9, 2026
The financial markets experienced a positive shift on February 9, 2026, with Wall Street extending its gains. The US100 index rebounded by over 1%, while the US500 and US2000 indices saw increases of 0.7% and 0.8%, respectively. This upward momentum was largely attributed to significant gains in large-cap technology stocks.
Key Highlights:
Major technology companies such as Oracle, Palantir, and Applovin reported stock increases ranging from +7% to +15%. Additionally, Nvidia and Broadcom saw their shares rise by 3.5% and 5.4%, respectively.
Technical Analysis:
The US100 index's outlook improved significantly following the opening of Wall Street. The index managed to break through the 100-day Exponential Moving Average (EMA), which has historically served as a critical support level for upward trends. Analysts suggest that the longer the index remains above this EMA, the higher the likelihood of a sustained upward trend.
Additional Market Insights:
On the same day, reports indicated that US retail sales fell below expectations, which could have implications for future market performance. Meanwhile, the US2000 index approached record levels, raising questions about the implications of the NFIB data.
In the cryptocurrency market, Bitcoin experienced a drop to $69,000, prompting discussions about a potential 1:1 correction scenario.
Conclusion:
The overall sentiment in the market appears to be improving, particularly driven by the technology sector. Investors are advised to stay informed about upcoming economic data releases and market trends that could influence their investment strategies.