A trader works as the Dow Jones Industrial Average exceeds $50,000 on the floor of the New York Stock Exchange (NYSE) on February 6, 2026 in New York City, USA.
Brendan McDiarmid | Reuters
of Dow Jones Industrial Average The winning streak continued on Tuesday as investors moved into software stocks and more value-oriented areas of the market.
The 30-stock Dow Jones Industrial Average rose 227 points, or 0.5%, as entertainment’s profile rose. disney and financial stocks american express. The index had broken its third consecutive intraday record earlier in the day, and the move comes after it crossed the 50,000 level for the first time last week. of S&P500 Although it rose by 0.2%, Nasdaq Composite It rose by 0.1%.
Gains in software, the group that led last week’s market decline, supported the broader market as concerns grew among investors that artificial intelligence could disrupt industries. If the sector stabilizes after recent pressures, it could allay concerns that the bull market is collapsing.
in space, data dog There was a 15% rebound, but ServiceNow It increased by 3%. unity Shares rose 4% after Mr. Oppenheimer upgraded the stock to outperform, citing faster revenue growth and margin expansion this year.
microsoft It rose more than 1%, contributing to the outperformance of the Dow Jones Industrial Average. iShares Enhanced Technology Software Sector ETF (IGV) Although it entered a bear market late last month, it has increased by about 2%.
“Investors seem to have been willing to step in and buy into some of this turbulence in recent weeks,” said Anthony Saglimbene, chief market strategist at Ameriprise Financial. At the same time, he added, there appears to be a rotation into some of the markets that “currently may be more insulated from AI trading” such as energy, materials and industrials. These sectors are already up 19%, 15%, and 12%, respectively, this year.
“The expansion of the bull market that has been going on for the past month has not disappeared yet,” the strategist said.
Retailer stock prices were under pressure on Tuesday costco and walmarteach fell more than 1%. The latest retail sales report released Tuesday showed that consumer spending was flat in December, missing the 0.4% month-on-month increase that economists polled by Dow Jones expected. This figure follows the 0.6% rise recorded in November.
Investors are awaiting Wednesday’s key jobs report and Friday’s consumer price index.
“The other factor that’s holding back low- and middle-income consumers right now is how they feel about the employment environment, and we know they’re a little more anxious,” Sagrimbene told CNBC. “Weaker-than-expected job growth in January could put some strain on this broader theme.”
Wall Street is up for a second day in a row, with technology stocks rallying in the wake of Friday’s rally. In particular, the Dow Jones Industrial Average hit new highs on an intraday and closing price basis. Investors are hopeful that the market can sustain its gains as last week’s selloff failed to cause significant damage to the market on a technical basis.
In fact, the S&P 500 has managed to regain upside support after falling below its 50-day and 100-day moving averages last week, with many asset classes outperforming the index. This is a bullish signal for traders.
