{"id":82756,"date":"2026-02-09T19:31:34","date_gmt":"2026-02-09T22:31:34","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/890842375"},"modified":"2026-02-09T19:31:34","modified_gmt":"2026-02-09T22:31:34","slug":"usa-stocks-wall-street-advances-as-tech-bounces-further-off-of-recent-losses","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/09\/usa-stocks-wall-street-advances-as-tech-bounces-further-off-of-recent-losses\/","title":{"rendered":"US\u00c2\u00a0stocks: Wall Street advances as tech bounces further off of recent losses"},"content":{"rendered":"
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Published Tue, Feb 10, 2026 \u00b7 05:52 AM<\/span><\/p>\n<\/div>\n

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THE S&P 500 and the Nasdaq gained after a shaky start on Monday, as technology stocks found their footing following last week\u2019s AI-sparked selloff, while investors waited for key economic data that could shed light on the Federal Reserve\u2019s interest-rate path.<\/p>\n

The S&P 500 technology sector extended Friday\u2019s gains after a steep selloff last week. The S&P 500 Software Services index also clawed back some losses for a second straight day of gains after a bruising seven days of losses fueled by fears that AI could intensify competition.<\/p>\n

One big gainer in software was Oracle after D.A. Davidson upgraded it to a \u201cbuy\u201d recommendation from \u201cneutral.\u201d<\/p>\n

Along with the upgrade, Keith Lerner, chief investment officer at Truist Advisory Services, said another support for technology stocks came from comments CNBC attributed to Sam Altman, the CEO of Microsoft-backed OpenAI.<\/p>\n

Altman told employees that the startup\u2019s artificial intelligence chatbot, ChatGPT, was back to exceeding 10 per cent monthly growth, according to CNBC\u2019s report which Reuters could not independently verify.<\/p>\n

\u201cYou\u2019ve a sharply oversold market where a little bit of good news can go a long way.\u201d said Lerner, adding that \u201cthe rubber band was stretched too far for tech and software\u201d in last week\u2019s selloff.<\/p>\n

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While the software index still has a long way to go to recoup all its losses from an exodus that started in late January, the broader tech sector was progressing closer to it pre-selloff levels.<\/p>\n

According to preliminary data, the S&P 500 gained 30.39 points, or 0.47 per cent, to end at 6,964.65 points, while the Nasdaq Composite gained 202.99 points, or 0.88 per cent, to 23,234.20. The Dow Jones Industrial Average rose 17.12 points, or 0.03 per cent, to 50,132.79.<\/p>\n

The Dow was lagging the other two during Monday\u2019s session although it did hit an intraday record high, after surpassing 50,000 points for the first time on Friday.<\/p>\n

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The materials index gained ground as advances in gold and silver boosted miners. However, the consumer staples sector, which had benefited during the technology selloff, was dragging on the S&P 500.<\/p>\n

The Philadelphia SE Semiconductor index gained along with the technology sector. Traders must wait until later this month for results from AI chip leader Nvidia, with investors increasingly demanding measurable gains from capex plans. Nvidia rose during Monday\u2019s session.<\/p>\n

Coming closer in the pipeline is the January nonfarm payrolls report due on Wednesday, which was delayed by a partial government shutdown, and the closely watched January Consumer Price Index on Friday.<\/p>\n

Markets are currently pricing in the year\u2019s first interest-rate cut in June, according to CME Group\u2019s FedWatch tool, which could be when US President Donald Trump\u2019s nominee for Fed chair, Kevin Warsh, takes over.<\/p>\n

Among individual stock movers, Hims & Hers Health tumbled sharply. <\/p>\n

Novo Nordisk sued the telehealth firm for patent infringement after the US firm launched, then cancelled, a US$49 copy of the Danish drugmaker\u2019s weight-loss pill Wegovy following backlash from the US Food and Drug Administration.<\/p>\n

Workday shares slid after the human resources software provider announced co-founder Aneel Bhusri will return as its CEO.<\/p>\n

Apollo Global Management rose after the asset manager reported a 13 per cent rise in fourth-quarter profit. Kyndryl shares slumped after the IT services provider delayed its quarterly filing and flagged material weakness in its financial reporting. Kroger\u2019s shares rallied after the grocery giant named former Walmart executive Greg Foran as its chief executive. REUTERS<\/p>\n

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… start on Monday, as technology<\/span>\u00c2\u00a0stocks\u00c2\u00a0found their footing following … , said another support for technology<\/span>\u00c2\u00a0stocks\u00c2\u00a0came from comments CNBC … was stretched too far for tech<\/span> and software\u00e2\u0080\u009d in last … late January, the broader tech<\/span> sector was progressing closer to …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-82756","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/82756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=82756"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/82756\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=82756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=82756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=82756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}