US stocks ended a bumpy week on a high note, reaching new heights. The Dow Jones Industrial Average closed above 50,000 for the first time, with gains in major sectors like finance, healthcare, and tech. Computer chip companies led the charge, with Nvidia’s share price jumping 8% after its losses earlier in the week.
Concerns about AI were softening, but not all companies benefited from the rally. Amazon’s share price fell by 5.5% as it plans to invest $200 billion in new technology like AI and robotics. Stellantis’ stock plummeted 24% due to its slow electric vehicle adoption plans.
A consumer sentiment index showed a slight improvement this month, with consumers with large stock portfolios being more optimistic. However, overall sentiment remains low, according to surveys by the University of Michigan’s director Joanna Hsu.
Source: https://www.washingtonpost.com/business/2026/02/06/stock-market-hits-all-time-high-dow-closes-above-50000