U.S. Markets: What happened
U.S. markets closed higher on Feb 9, building on the rebound after last week’s selling pressure.
The S&P 500 and Nasdaq moved up, led by strength in technology stocks, while the Dow also ended in positive territory.
Tech stocks recovered some of their recent losses, helping lift overall sentiment.
The session felt constructive but measured, with investors still cautious after recent volatility.
What pulled markets up
• Technology and AI linked stocks saw buying interest after sharp recent declines.
• Investors stepped back into growth names as fears of aggressive selling eased.
• There was a sense that recent weakness had already priced in short term concerns.
What kept things in check
• Investors remained selective ahead of key economic data later in the week.
• Bond yields stayed relatively firm, keeping enthusiasm contained.
• Buying was focused rather than spread evenly across sectors.
What didn’t matter much
• Fed commentary stayed in the background.
• Expectations around interest rate cuts did not drive market moves.
• Commodities and currency movements had limited impact on equities.
How to read this session
• This looks like stabilization after volatility
• Investors are cautiously stepping back into risk
• The market is digesting recent technology selling
• Momentum is improving, but conviction remains measured