Stock Market Slips After Dow's 50,000 Rally Ahead of Key Reports

Feb 10, 2026, 2:23 AM

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US stock futures experienced a downturn today after a remarkable rally that saw the Dow Jones Industrial Average close above 50,000 for the first time. Investors are bracing for a series of upcoming economic reports that could influence market sentiment significantly.

On Monday, the Dow Jones Industrial Average (^DJI) marked its second consecutive close above the 50,000 threshold, with the S&P 500 (^GSPC) rising approximately 0.5% and the Nasdaq Composite (^IXIC) gaining about 1%. This recent surge followed a tumultuous week that left many investors cautiously optimistic about the market's direction.

However, unease persists, particularly regarding the technology sector, which is currently grappling with potential disruptions caused by artificial intelligence (AI). Notably, shares of Monday.com (MNDY) plummeted over 20% after the software company reported disappointing revenue and profit guidance, raising concerns about the sector's stability.

Despite these setbacks, other technology stocks showed resilience. Nvidia (NVDA) and AMD (AMD) both reported gains exceeding 3%, while Oracle (ORCL) saw a notable increase of nearly 10%. Microsoft (MSFT) also climbed more than 2% in early trading, indicating a mixed but generally positive outlook for some tech companies.

In addition to stock performance, alternative assets like gold and bitcoin are attracting investor attention. Gold futures rose back above $5,000 an ounce, and bitcoin hovered near $70,000 after experiencing its sharpest daily decline since 2022 last week. These developments highlight a continuing interest in traditional and digital assets amid market volatility.

Looking ahead, the Bureau of Labor Statistics is poised to release the delayed January jobs report on Wednesday, which may reveal insights into the labor market's health. The focus will be on whether the report indicates any further cracks in the labor market, especially after the recent ADP private-sector payrolls update fell short of expectations.

Additionally, consumer inflation data is expected to be released on Friday morning, which could further influence market trends. Investors are keenly awaiting these figures, as inflationary pressures remain a critical concern for the economy's recovery trajectory.

On the earnings front, ON Semiconductor (ON) is set to disclose its results after the market closes today, with major companies like Coca-Cola (KO), McDonald's (MCD), and Cisco (CSCO) scheduled to report later in the week. These earnings results will provide additional context for investors assessing the market's health and future direction.

As the stock market navigates this period of uncertainty, the upcoming jobs and inflation reports will likely play a pivotal role in shaping investor sentiment and market performance in the days ahead. Investors are urged to stay vigilant and informed as they monitor these critical economic indicators and their potential impact on the markets in the near term.

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