Market Overview - The Dow Jones Industrial Average closed above 50,000 for the first time, rising about 2.5% to 50,115.66, while the S&P 500 and Nasdaq Composite also saw significant gains of 1.97% and 2.18% respectively [1][3] Key Market Movers - Semiconductor companies, particularly Nvidia, led a strong rebound in AI hardware, with Nvidia's stock increasing by 8.01% [2] - MicroStrategy, which is heavily exposed to cryptocurrency, surged approximately 26.11% as Bitcoin rebounded to over $70,000 [2][5] - In contrast, Amazon's stock fell by 5.49% due to a substantial capital expenditure plan for 2026, and Micron Technology's stock decreased by 3.08% due to lowered expectations for HBM4 memory chips [2][4] Investor Sentiment - The overall market rally has reinforced confidence in the ongoing bull market, suggesting that it may not be nearing an end [3] - Despite the positive momentum, a prior sell-off earlier in the week resulted in a loss of $1.5 trillion from high-performing tech stocks, indicating mixed sentiment among investors [4]
Stock Market Today, Feb. 6: Nvidia Leads Rally After AI Hardware Rebounds