Xin Lang Cai Jing·2026-02-06 17:01Market Overview - US stock market saw a significant rise, with the Dow Jones approaching the 50,000 points mark, driven by a rebound in technology stocks and Bitcoin surpassing $70,000 [1][6] - The Dow Jones increased by 956.87 points (1.96%) to close at 49,865.59 points, while the Nasdaq rose by 345.80 points (1.53%) to 22,886.39 points, and the S&P 500 gained 98.75 points (1.45%) to reach 6,897.15 points [3][8] Company Performance - Amazon reported earnings per share slightly below analyst expectations and projected capital expenditures of $200 billion for the year, leading to a significant drop in its stock price [3][8] - Reddit exceeded earnings expectations and provided strong guidance, announcing a stock buyback plan [3][8] - Despite Amazon's poor performance, other tech stocks rebounded, with Nvidia rising by 2% and Microsoft increasing by over 1%, although both companies experienced nearly double-digit percentage declines earlier in the week [9] Cryptocurrency Market - Bitcoin experienced a sharp decline of 16% overnight, dropping below $61,000, but rebounded by 4% to recover above $66,000 during Friday morning [9] Sector Analysis - The software sector continued to decline, with the iShares Expanded Tech-Software Sector ETF (IGV) falling by 5%, marking a total decline of over 11% for the week, potentially heading for its largest weekly drop since 2008 due to concerns over AI's impact on the industry [4][9] - Analysts expressed concerns that new AI models from startups like Anthropic could render many software services obsolete, threatening company profits [4][10] Market Sentiment - The market is experiencing a broader risk-off sentiment, with major indices showing declines, indicating a cautious approach among traders [11] - The upcoming release of key economic data, including the January non-farm payroll report and the CPI report, has been delayed, which may lead to further market volatility [11]