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Informist, Tuesday, Feb. 10, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices end up Mon as tech stocks rise post major selloff

 

MUMBAI--0808 IST--Equity indices in the US closed higher Monday, bouyed by gains in technology stocks after the recent selloff due to fears of competition from artificial intelligence. Investors await economic data this week that could shed light on the US Federal Reserve's interest-rate trajectory.

 

The US non-farm payrolls report for January is due on Wednesday, delayed due to the government shutdown in the US. Investors will also assess the consumer price index for January, scheduled for Friday. Traders are now pricing in the year's first rate cut by the Fed in June, according to CME FedWatch tool. Around 51% of market participants expect the apex bank to lower the interest rate by 25 basis points in June. 

 

On Monday, the Dow Jones Industrial Average rose to a new record high of 50219.40 points, though it closed off highs at 50135.87 points. While the Dow index is hitting fresh all-time highs, the NASDAQ Composite and S&P 500 are struggling to break their individual peaks hit in October and January, respectively.

 

The rise in the US markets on Monday was seen as "a kind of buy-the-dip mentality," Reuters reported citing Oliver Pursche, senior vice president and advisor for Wealthspire Advisors in Westport, Connecticut. Among the top gainers, Nvidia and Broadcom extended their gains from the previous session, gaining 2.5% and 3.3%, respectively. Shares of artificial intelligence giant Oracle were up 9.6?ter investment banking company D.A. Davidson upgraded the stock to 'buy' from 'neutral' due to optimism around OpenAI and its beneficiaries.

 

Following are the closing levels of US indices Monday:  

 

Index	Level	Change in %
S&P 500	6964.82	0.47
NASDAQ Composite	23238.67	0.90
Dow Jones Industrial Average	50135.87	0.04

 

(Simran Rede)

 

US$1 = INR 90.7575

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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