Market Review: February 09, 2026
Closing Recap
On February 9, 2026, U.S. markets experienced a positive trading session, with major indices closing higher after an initial struggle for direction. The technology sector, particularly software stocks, saw a notable rebound, while the "Magnificent Seven" tech stocks had mixed performances. The day was relatively quiet in terms of news, with no Federal Reserve speakers or significant economic data releases, but anticipation builds for key reports later in the week, including the January jobs report and consumer price index (CPI) data.
Market Indices Performance
| Index | Change (Points) | Change (%) | Last Value |
|---|---|---|---|
| DJ Industrials | 18.90 | 0.04% | 50,134 |
| S&P 500 | 32.38 | 0.47% | 6,964 |
| Nasdaq | 207.46 | 0.90% | 23,238 |
| Russell 2000 | 18.71 | 0.70% | 2,689 |
Economic Data
The New York Federal Reserve's survey indicated that inflation expectations remained stable, with one-year ahead expected inflation decreasing slightly to 3.1%. Labor market views improved, and home price expectations were slightly lower than the previous month.
Commodities Overview
Crude oil prices rose, with WTI crude settling at $64.36 per barrel and Brent crude at $69.04 per barrel, influenced by geopolitical tensions in the Strait of Hormuz. Precious metals also saw gains, with gold and silver prices increasing significantly due to a weaker dollar.
Sector News Breakdown
Retail, Consumer Staples & Restaurants
In the retail sector, Kroger's shares rose following the appointment of a new CEO. In the gaming sector, Sportradar announced a partnership with NBC Sports to enhance NBA broadcasts.
Energy & Industrials
RIG announced an acquisition of Valaris in a significant all-stock deal. In transportation, a consortium led by Advent International agreed to acquire InPost for over $9 billion.
Biotech & Pharma
HIMS shares fell after regulatory scrutiny on a weight-loss medication, while Eli Lilly announced the acquisition of Orna Therapeutics for up to $2.4 billion.
Market Commentary
Overall, the market showed resilience with a strong performance in technology and commodities, while awaiting critical economic data that could influence future trading sessions.