Morning Market Brief | Feb 9, 2026 | Dow Hits Historic 50,000 Milestone

Описание: Record Markets and Investor Rotation
• Dow Jones Hits 50,000: The Dow Jones Industrial Average crossed the 50,000 mark for the first time in history. Following a volatile week, markets rallied strongly on Friday, with the S&P 500 and Nasdaq gaining approximately 2%.
• Small Cap Outperformance: Investors are rotating out of some mega-cap tech stocks into broader sectors. The Russell 2000 (small caps) outperformed significantly, rising over 3%, while the S&P MidCap 400 hit a record high.
• Sector Rotation: There is a distinct shift of capital away from high-flying technology names into "old economy" sectors like industrials, materials, and energy, as investors look to derisk portfolios.
Big Tech Earnings: The Capex Shock
• Amazon: Shares fell after the company announced massive capital expenditure plans for 2026, estimated at $200 billion (well above the $146 billion consensus). While AWS revenue grew 24%, investors are concerned about the return on investment (ROI) for such massive spending.
• Alphabet (Google): Similar to Amazon, Google announced a staggering 2026 Capex forecast of 175–185billion(vs. 120 billion estimated). Despite strong cloud growth and ad revenue, the stock faced pressure due to these spending plans.
• Apple: The company beat expectations with record iPhone revenue of $85.3 billion. Notably, sales in China rebounded significantly, growing nearly 38%. Apple also announced a partnership with Google to use Gemini models for Siri.
• Meta: Unlike its peers, Meta’s stock rose as strong revenue growth and ad performance offset concerns about its own high Capex guidance ($115–135 billion). Investors seem more convinced by Meta's current growth story.
• Microsoft: Shares dropped over 11% earlier in the week due to concerns over capacity constraints and heavy spending, despite strong demand for Azure and AI services.
AI Winners and "Software Armageddon"
• Palantir: The stock surged over 70% in earnings, driven by massive US commercial demand for its AI platforms. The company guided for 61% revenue growth in 2026, validating its position as a key AI infrastructure player.
• SaaS Sell-off: Traditional software companies (Salesforce, Adobe, ServiceNow) are facing a sell-off due to fears that generative AI and "agentic AI" will disrupt their business models. Analysts describe a "guilty until proven innocent" sentiment for the sector.
• Nvidia & Hardware: Hardware suppliers and chipmakers continue to benefit from the hyperscalers' spending plans. Nvidia shares rose nearly 8.7%, adding over $325 billion in market value in a single day.
Crypto and Commodities
• Bitcoin Rebound: After a sharp drop to around $60,000, Bitcoin rebounded more than 10% to reclaim the $70,000 level. Ethereum also saw double-digit gains.
• Precious Metals: Gold and silver remain volatile but are attracting interest as safe havens and inflation hedges amidst geopolitical uncertainty and fiscal spending concerns.
Geopolitics and US Politics
• US-Iran Tensions: Indirect talks are being held in Oman between the US and Iran to de-escalate tensions. However, the US State Department has advised American citizens to leave Iran immediately due to the threat of military action.
• White House Controversy: A racist video depicting the Obamas was posted to President Trump’s social media account and later deleted. The White House blamed a staffer, but the incident has drawn sharp rebukes from Republicans, including Senator Tim Scott.
• DHS Shutdown Looming: Congress has only days left to prevent a partial government shutdown affecting the Department of Homeland Security. Negotiations are stalled over demands regarding ICE agent protocols (masking and body cameras).
Super Bowl Business
• Record Betting: An estimated $1.7 billion is expected to be wagered on the Super Bowl. Traditional sportsbooks like DraftKings and FanDuel are facing new competition from prediction markets.
• Ticket Prices: The average ticket price on the resale market is hovering around $7,000, the second-highest in history.
• Halftime Show Politics: The performance by Bad Bunny is generating political friction, with some Republicans criticizing the choice and others defending it as a celebration of Latino culture.
Federal Reserve
• Kevin Warsh Nomination: The nomination of Kevin Warsh as Fed Chair is being digested by the market. While generally viewed as pro-growth, there are questions about his stance on the Fed's balance sheet. Markets still expect two rate cuts later in 2026.