Daily Brief - February 08, 2026 (EOD)

 ## Market Recap Today, major U.S. indices concluded the session with mixed results. The **S&P 500** fell 0.4%, closing at 4,430, while the **Nasdaq** gained 0.3%, finishing at 13,800. The **Dow Jones Industrial Average** decreased by 0.5%, closing at 34,800, and the **Russell 2000** rose 0.1%, ending at 1,800. The overall market sentiment reflected a cautious approach as investors awaited critical economic data, including upcoming job and inflation reports. This led to a somewhat subdued trading character, with volatility persisting due to mixed earnings reports and geopolitical concerns. Trading volume was notably higher than average, driven by heightened activity in tech and healthcare stocks, indicating a divergence in investor interest. The breadth of the market showed a mix, with approximately 55% of stocks advancing, suggesting some resilience despite the index declines. ## Top Stories That Moved Markets - **Is Micron the New Nvidia?**: Micron Technology reported better-than-expected earnings, sparking discussions about its potential to rival Nvidia in the semiconductor sector. Shares of **$MU** rose 4.5% in response. - **DBS Q4 Profit Misses Estimates**: Singapore’s DBS Group reported a 10% decline in Q4 profits due to lower interest margins. The news caused **$DBSDY** to drop by 3% as investors reacted to the disappointing results. - **Oil Prices Decline**: Oil futures fell more than 1% as fears of a U.S.-Iran conflict eased, affecting energy stocks. **$XOM** and **$CVX** saw declines of 2% and 2.5%, respectively. - **Amazon's AI Spending**: CEO Andy Jassy reassured investors about Amazon's artificial intelligence investments during a conference, leading to a modest recovery in **$AMZN**, which gained 1.2%. - **Biogen Hits 52-Week High**: Biogen shares surged 5.6% following the announcement of strong sales for its Alzheimer's drug, further solidifying its market position. ## Biggest Winners **$MU** - +4.5% - Strong earnings report and positive sentiment regarding its competitive position in the semiconductor industry. **$BIIB** - +5.6% - Surge in share price after reporting increased sales of its Alzheimer's medication. **$AMZN** - +1.2% - Positive remarks from CEO Andy Jassy regarding AI investments provided investor reassurance. **$NFLX** - +2.1% - Continued growth in subscriber numbers reported in recent data, boosting investor confidence. **$GOOGL** - +1.0% - Analysts upgraded the stock based on favorable AI developments and cloud revenue growth. ## Biggest Losers **$DBSDY** - -3.0% - Disappointing quarterly earnings report led to a sell-off among investors. **$XOM** - -2.0% - Market reaction to declining oil prices, reflecting broader concerns over energy sector profitability. **$CVX** - -2.5% - Similar to **$XOM**, the company faced headwinds from falling oil prices. **$AMD** - -2.1% - Investor concerns over competitive pressures in the semiconductor industry contributed to the decline. **$TSLA** - -1.8% - Ongoing supply chain issues and reduced production forecasts spurred selling. ## Sector Scorecard - **Leaders:** Technology and Healthcare sectors outperformed due to strong earnings from key players like **$MU** and **$BIIB**. The tech sector also benefited from positive sentiment around AI investments. - **Laggards:** Energy and Financial sectors lagged, primarily due to lower oil prices impacting energy stocks and disappointing earnings from banks like DBS. ## Tomorrow Setup - **Key Events Scheduled**: Investors should watch for the upcoming jobs report and inflation data, which could significantly influence market direction. - **Stocks with Momentum**: Tech stocks like **$MU** and **$AMZN** are worth monitoring for further movement following today's developments. - **Risk Factors**: Geopolitical tensions and fluctuating oil prices may introduce volatility in the coming sessions, particularly affecting energy stocks and market sentiment overall.