CNBC Business News Update Market Close: Stocks Higher, Dow Hits 50k For The First Time, Consumer Sentiment Higher Among Stock Owners 2/6/26
Feb 6, 2026
Markets rally as the Dow crosses the 50,000 mark for a record close. Tech leaders and companies across sectors hit all-time highs. Consumer sentiment rises among stock owners while remaining flat for others. Crypto and precious metals show notable moves. Earnings, jobs data and inflation are flagged as key items to watch this week.
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Dow Hits 50,000 On Late-Day Buying
- The Dow crossed 50,000 for the first time after a strong rally that closed with aggressive buying into the close.
- NVIDIA led gains and helped push the S&P 500 and Nasdaq higher despite a mixed week.
Blue-Chip Stocks Also Reached New Highs
- Several large, established companies hit fresh all-time highs, showing breadth across sectors.
- Winners included Coca-Cola, Amgen, Johnson & Johnson, Exxon, Delta, Deere, Marriott, Hilton, Travelers, and FedEx.
Sentiment Gains Concentrated Among Stock Owners
- University of Michigan consumer sentiment rose to its highest since last August, but gains were concentrated among those with large stock portfolios.
- Sentiment remained dismal and stagnant for consumers without stock holdings, highlighting a divergence in consumer confidence.