{"id":29039,"date":"2026-02-10T12:03:44","date_gmt":"2026-02-10T12:03:44","guid":{"rendered":"https:\/\/www.infinox.com\/global\/?p=29039"},"modified":"2026-02-10T12:03:50","modified_gmt":"2026-02-10T12:03:50","slug":"markets-regain-momentum-on-tech-surge-as-investors-eye-key-data","status":"publish","type":"post","link":"https:\/\/www.infinox.com\/global\/en\/markets-regain-momentum-on-tech-surge-as-investors-eye-key-data\/","title":{"rendered":"Markets Regain Momentum on Tech Surge as Investors Eye Key Data\u00a0"},"content":{"rendered":"\n

US stocks closed higher on Monday as technology shares powered a second straight advance for the S&P 500, while the Dow Jones Industrial Average edged to a new all-time high amid cautious optimism ahead of key economic data and earnings reports. The rally followed last week\u2019s volatile swings, with investors reassessing whether the rebound from the recent tech-led sell-off has sustainable momentum. Strong gains in leading artificial intelligence names helped stabilise sentiment, while renewed focus on inflation, jobs data, and corporate results kept trading measured. Overseas, European markets extended their record-setting run on bank and industrial strength, while Asian equities surged after Japan\u2019s benchmark crossed a historic milestone. Meanwhile, oil prices climbed on renewed geopolitical concerns, and Treasury yields remained steady as markets braced for a heavy data calendar.<\/p>\n\n\n\n

Key Takeaways:<\/strong><\/p>\n\n\n\n

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  1. Dow Inches to Record Close:<\/strong> The Dow Jones Industrial Average added 20.20 points, or 0.04%, to finish at 50,135.87, setting fresh intraday and closing records. Gains were modest but reflected continued resilience following last week\u2019s milestone above 50,000, as investors balanced enthusiasm with caution ahead of economic releases and earnings.<\/li>\n\n\n\n
  2. S&P 500 Extends Two-Day Rally:<\/strong> The S&P 500 rose 0.47% to 6,964.82, marking its second consecutive gain, supported by strength in large-cap technology and semiconductor stocks. The index has stabilised after recent volatility, with buyers returning selectively to growth-oriented sectors.<\/li>\n\n\n\n
  3. Nasdaq Leads on Tech Strength:<\/strong> The Nasdaq Composite outperformed, jumping 0.9% to 23,238.67, driven by strong advances in Nvidia, Broadcom, and Oracle. Artificial intelligence-related shares continued to attract inflows, helping offset lingering concerns over valuation and earnings sustainability.<\/li>\n\n\n\n
  4. European Markets Hit Fresh Highs:<\/strong> European equities extended their rally on Monday, with major indices pushing to record levels as investors rotated back into banks, industrials, and selective technology names. The STOXX 50 climbed 1% to 6,058 and the STOXX 600 rose 0.6% to 621, both closing at historic highs. Germany\u2019s DAX advanced 1.2% to 25,005, while Italy\u2019s FTSE MIB surged 1.98% to 46,784, leading gains across the region. France\u2019s CAC 40 added 0.53% to 8,318 and Switzerland\u2019s SMI edged up 0.11% to 13,517.73. The FTSE 100 rose 0.16% to 10,386.23 as investors favoured defensive and dividend-paying stocks. Banking shares outperformed after UniCredit jumped more than 6.4% on strong earnings, while SAP and Adyen rebounded between 2.5% and 5%. In contrast, NatWest fell around 9% after announcing its \u00a32.7 billion acquisition of Evelyn Partners. Meanwhile, Luxembourg\u2019s inflation slowed to 1.3% in January, Switzerland\u2019s consumer sentiment improved to -30, and Portugal\u2019s trade deficit narrowed to \u20ac2.87 billion, supporting confidence in the euro area outlook.<\/li>\n\n\n\n
  5. Asian Stocks Surge on Japan Breakout:<\/strong> Asian markets posted broad-based gains, led by Japan after the Nikkei 225 briefly crossed 57,000 before closing up 3.9% at 56,363.94, with the Topix rising 2.3% to 3,783.94. The rally followed Prime Minister Takaichi\u2019s decisive election victory, strengthening expectations for pro-growth policies. Japanese government bond yields rose, with the 10-year reaching 2.274%. In South Korea, the Kospi surged 4.1% to 5,298.04 and the Kosdaq gained 4.3% to 1,127.55. Australia\u2019s ASX 200 climbed 1.85% to 8,870.1 after retail spending rose 4.8% year-on-year to $38.6 billion. Hong Kong\u2019s Hang Seng advanced 1.71%, China\u2019s CSI 300 gained 1.63% to 4,719.06, and India\u2019s Nifty 50 rose 0.68% to 25,867.30. Thailand\u2019s SET jumped nearly 4% following election results, while New Zealand\u2019s NZX 50 slipped 0.3% to 13,403.72.<\/li>\n\n\n\n
  6. Oil Climbs on Shipping Risks:<\/strong> Crude prices rose on renewed geopolitical concerns in the Strait of Hormuz. Brent gained 1.45% to $69.04 a barrel, while WTI advanced 1.27% to $64.36. US authorities warned vessels to avoid Iranian waters, reviving fears of potential supply disruptions despite improving output from Kazakhstan\u2019s Tengiz field.<\/li>\n\n\n\n
  7. Treasury Yields Hold Steady:<\/strong> The yield on the benchmark 10-year U.S. Treasury note remained largely unchanged, ending the session at approximately 4.20%. Investors adopted a wait-and-see approach as they prepared for a concentrated schedule of economic releases that were previously delayed by the government shutdown. Key focuses for the week include the January nonfarm payrolls report, which is expected to show a modest gain of 55,000 jobs, and the consumer price index reading. The stability in yields suggests that the fixed income market has already priced in much of the current macroeconomic uncertainty, with the 30-year yield also holding steady at 4.854%.<\/li>\n<\/ol>\n\n\n\n

    FX Today:<\/strong><\/p>\n\n\n\n

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      \n
    1. EUR\/USD Extends Higher with Strong Bullish Impulse:<\/strong> EUR\/USD closed at 1.1916, up 0.85%, after trading between 1.1810 and 1.1927, with the pair finishing near its high. Price remains firmly above the 50-day at 1.1736, 100-day at 1.1680, and 200-day at 1.1621, confirming a strong bullish structure. Momentum has accelerated after clearing prior swing highs, reinforcing upside bias. Immediate resistance sits at 1.1927, while initial support is seen at 1.1810. Holding above 1.1916 keeps the focus on further gains, while a break below 1.1810 would risk a deeper pullback.<\/li>\n\n\n\n
    2. GBP\/USD Maintains Bullish Momentum Above Key Averages:<\/strong> GBP\/USD rose 0.62% to close at 1.3696, after ranging between 1.3587 and 1.3701. The pair continues to trade well above its 50-day at 1.3477, 100-day at 1.3382, and 200-day at 1.3431, underlining a strong uptrend. Higher highs and higher lows remain intact, supporting bullish momentum. Resistance is located at 1.3701 and near 1.3850, while support stands at 1.3587. Sustained strength above 1.3696 favours further upside.<\/li>\n\n\n\n
    3. USD\/CAD Extends Decline After Breaking Lower:<\/strong> USD\/CAD fell 0.82% to 1.3558, closing near the session low after trading between 1.3555 and 1.3674. The pair remains well below its 50-day at 1.3773, 100-day at 1.3886, and 200-day at 1.3823, confirming a bearish trend. Lower highs and lower lows signal ongoing downside pressure. Resistance is seen at 1.3674, with support at 1.3555 and near 1.3490. Staying below 1.3600 keeps the downside bias intact.<\/li>\n\n\n\n
    4. USD\/JPY Pulls Back Towards 100-Day Average:<\/strong> USD\/JPY slipped 0.84% to 155.87 after trading between 155.52 and 157.66. Price has fallen below the 50-day SMA at 156.29 but remains above the 100-day at 154.33 and 200-day at 150.26, indicating a corrective phase within a broader uptrend. Selling pressure has increased in the short term. Resistance stands at 156.29 and 157.66, while support is at 155.52 and 154.33. A break below 155.52 would strengthen bearish momentum.<\/li>\n\n\n\n
    5. AUD\/USD Surges to Fresh Multi-Month Highs:<\/strong> AUD\/USD jumped 1.20% to 0.7095, closing at the session high after ranging between 0.7005 and 0.7099. The pair trades well above its 50-day at 0.6746, 100-day at 0.6639, and 200-day at 0.6573, confirming a powerful uptrend. The breakout signals strong bullish control. Resistance is limited near 0.7099, while support lies at 0.7005 and around 0.6900. Holding above 0.7095 favours further gains.<\/li>\n\n\n\n
    6. Gold Reclaims Momentum Above $5,000:<\/strong> Gold rose 2.28% to close at $5,080 after trading between $4,965 and $5,087. The metal remains well above its 50-day at $4,554, 100-day at $4,276, and 200-day at $3,822, keeping the long-term uptrend intact. The rebound confirms renewed buying interest after consolidation. Resistance stands at $5,087 and near $5,400, while support is at $4,965 and $4,900. Holding above $5,000 supports further upside.<\/li>\n\n\n\n
    7. Silver Breaks Higher in Explosive Rally:<\/strong> Silver surged 7.24% to $83.60 after moving between $78.55 and $84.02. Price remains well above the 50-day at $77.27, 100-day at $62.96, and 200-day at $49.78, highlighting a powerful uptrend. The breakout reflects strong speculative and momentum-driven buying. Resistance is seen at $84.02 and near $118.00, while support lies at $78.55 and $77.27. Sustained strength above $83.00 favours continuation.<\/li>\n<\/ol>\n\n\n\n

      Market Movers:<\/strong><\/p>\n\n\n\n

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      1. AppLovin Surges After Retraction:<\/strong> Shares jumped 13% after CapitalWatch apologised and corrected a previous money laundering claim, easing pressure from a short-seller report issued in January.<\/li>\n\n\n\n
      2. Novo Nordisk and Hims Diverge:<\/strong> Novo Nordisk gained 3% after Hims & Hers withdrew a competing weight-loss pill, while Hims shares plunged 16% following legal pressure.<\/li>\n\n\n\n
      3. Kyndryl Plunges on Governance Review:<\/strong> The stock tumbled 55% after disclosing an audit committee review of cash management and the departure of its CFO and general counsel.<\/li>\n\n\n\n
      4. Monday.com Slides on Weak Outlook:<\/strong> Shares sank 22% to a 52-week low after issuing soft guidance, citing uncertainty around artificial intelligence\u2019s impact on its business model.<\/li>\n\n\n\n
      5. Oracle Jumps on Analyst Upgrade:<\/strong> The stock advanced 9% after DA Davidson upgraded it to buy, citing optimism around OpenAI-related growth and capital strength.<\/li>\n<\/ol>\n\n\n\n

        The market’s successful rebound on Monday suggests that the appetite for technology and growth assets remains robust despite recent volatility. However, the focus now shifts to a critical sequence of delayed economic data, with Wednesday’s employment report and Friday’s inflation reading likely to serve as the next major catalysts for price discovery. Investors should remain alert to further sector rotation, as the sustainability of the Dow’s record-breaking run will depend on whether upcoming earnings and macro data can support current valuations.<\/p>\n","protected":false},"excerpt":{"rendered":"

        US stocks closed higher on Monday as technology shares powered a second straight advance for the S&P 500, while the Dow Jones Industrial Average edged to a new all-time high amid cautious optimism ahead of key economic data and earnings reports. The rally followed last week\u2019s volatile swings, with investors reassessing whether the rebound fromContinue Reading<\/a><\/p>\n","protected":false},"author":28,"featured_media":29040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[110,1,112],"tags":[140,138,136],"class_list":["post-29039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-espresso-morning-call","category-ix-intel","category-market-news","tag-international-news","tag-market-updates","tag-whats-new"],"acf":[],"aioseo_notices":[],"lang":"en","translations":{"en":29039,"vi":29045,"zh_cn":29047,"pt":29050,"th":29052,"ko":29054,"zh_tw":29056,"es":29058,"jp":29060},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/29039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/comments?post=29039"}],"version-history":[{"count":0,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/29039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media\/29040"}],"wp:attachment":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media?parent=29039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/categories?post=29039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/tags?post=29039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}