9 February 2026 — Today’s Market News — Dow Crosses 50,000 for the First Time & Nikkei Jumps 5.7%
Japan Leads Equity Gains After Election; FX Steady as Traders Wait for U.S. Data
Markets started the week with a clear risk-on tone in Asia. Japan stocks jumped to fresh records after the weekend election result, while the KOSPI jumped 4.2%. Gold rose above $5,000/oz and silver jumped again as the U.S. dollar stayed soft. In FX, USD/JPY stayed near closely watched levels as Japan repeated intervention warnings.
Today’s Snapshot
S&P 500: 6,932.30 (+133.90 pts, +1.97% — last close)
Dow Jones: ~50,115.67 (+~568.40 pts, +~1.15% — last close)
Nikkei 225: 57,337.07 (+3,086.80 pts, +5.7%)
Gold: ~$5,036.1/oz (+1.41%)
Silver: ~$82.54/oz (+5.66%)
Global Markets
Precious Metals
Gold: ~$5,036.1/oz (+1.41%)
Gold rose 1.41% as investors moved money into safer assets while waiting for key U.S. economic data, and as a weaker U.S. dollar made gold cheaper for overseas buyers.
Silver: ~$82.54/oz (+5.66%)
Silver jumped about 5% as prices bounced back from recent losses, with traders buying the white metal again after the U.S. dollar weakened.
FX
(A) Dollar Index (DXY): 97.629 (flat)
The dollar stayed flat as traders avoided big moves before key U.S. data this week, which could change interest-rate expectations.
(B) USD/JPY: 156.76 (slightly lower yen, stronger)
The yen rose a little because traders stopped selling it after Japan warned it is closely watching its currency moves. Traders bought back the yen they had sold earlier to avoid the risk of government action.
Stock Market — What Happened Today
U.S. Equities
S&P 500: 6,932.30 (+133.90 pts, +1.97% — last close)
Dow Jones: ~50,115.67 (+~568.40 pts, +~1.15% — last close)
U.S. equities rebounded after recent losses as investors bought shares of large-cap firms. The Dow Jones crossed 50,000 for the first time, supported by strong gains in technology and industrial stocks, with Nvidia (+8%) and Broadcom (+7%). Amazon fell around 6% after the company mentioned it will have higher capital expenditure, which raised concerns about the near-term profitability of the firm.
Asia
Japan
Nikkei 225: 57,337.07 (+3,086.80 pts, +5.7%)
Japanese stocks jumped 5.7% to a record high after the election result boosted confidence in pro-growth policies. Gains were led by tech and chip stocks, with Advantest (+14.6%), SoftBank (+ 7%), and Fujikura (+8%).
South Korea
KOSPI: ~5,302.96 (+213.82 pts, +4.2% — last close)
South Korean stocks gained 4.2% as investors bought technology and chip shares after recent losses. Samsung Electronics (+5%) and SK Hynix (~+ 6–7%), lifting the KOSPI as positive sentiment spread across Asian markets.
Volatility & Positioning
The VIX slipped to around 17.76, signaling calmer markets after the U.S. equity rebound.
What Traders Are Watching
- Whether U.S. stocks can hold Friday’s rebound into this week’s big U.S. data calendar.
- Whether gold can stay above $5,000 and silver can keep momentum, supported by a softer dollar.
- USD/JPY staying near the mid-156 area, with Japan warning it is watching FX moves closely.
Markets reward patience more often than prediction.
- Howard Marks
Last Available Market News — 6 February 2026
Markets turned risk-averse as U.S. tech stocks sold off, with the S&P 500 down 1.23% and the Nasdaq lower by 1.59%. The weakness spilled into Asia, dragging Australia’s ASX 200 down 2.03% and Indonesia’s Jakarta Composite down 2.00% after Moody’s cut its outlook, while the VIX jumped to 21.77 and silver slid 3.73% despite steady gold.
Catch up on: Asian Markets Weaken as Jakarta Composite Slides 2% and VIX Jumps to 21.77
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