Dow Soars Past 50,000 Mark as Technology Surges With Old Economy Sectors

03:38 PM EST, 02/06/2026 (MT Newswires) -- US equity indexes rebounded ahead of Friday's close, with the Dow Jones Industrial Average surging past the 50,000 milestone for the first time, amid a broad-based rally led by technology and value-oriented sectors.

The Dow Jones Industrial Average soared 2.3% to 50,005.4, with the Nasdaq Composite up 1.9% to 22,973.1 and the S&P 500 higher by 1.8% to 6,917.8.

All but two sectors, communication services and consumer discretionary, were higher. Technology was the standout gainer, up about 4%, followed by industrials, energy, materials, and financials.

Lam Research (LRCX) , Nvidia (NVDA) , and Broadcom (AVGO) were the top gainers in a category of stocks with a market capitalization of more than $200 billion, according to data compiled by Finviz.

Meanwhile, Amazon.com (AMZN) sank 7%, among the worst performers on the S&P 500, the Nasdaq, and the Dow. The online retailer reported a Q4 earnings miss overnight. Additionally, its guidance for capital expenditure of $200 billion towered above the $145 billion market expectations, according to a note that CFRA, an independent research provider, provided to MT Newswires.

In economic news, the University of Michigan's preliminary consumer sentiment index rose to 57.3 in February from 56.4 in January, above expectations for 55.0 in a Bloomberg-compiled poll. The print is the highest since August 2025, Michigan said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.