CNBC Business News Update Market Close: Stocks Higher, Dow Hit New Intraday High, FDA Questions Novo Nordisk TV Ad Claims About Weight Loss Pill 2/9/26
Feb 9, 2026
Markets climbed as major AI and tech names pushed stocks higher while the Dow reached a fresh intraday high. Regulators questioned advertising claims about a new weight-loss pill. Big, unusual sports-betting wagers made headlines. Legal probes allege social platforms harmed children using undercover profile tactics. Retail and travel companies prepare for strong Valentine’s Day spending and key earnings.
AI Snips
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AI Stocks Rebounded
- The AI trade regained momentum as NVIDIA, Microsoft, and Meta climbed higher.
- The Nasdaq rose nearly 1% with NVIDIA up over 2%, signaling renewed investor interest in AI names.
Broad Market Strength Reaches New Highs
- The Dow hit a fresh intraday record, led by Microsoft which gained about 3%.
- Several large-cap companies reached all-time highs across multiple sectors, broadening the rally.
Rally Broadens Beyond Tech
- Dan Greenhouse noted the rally is broadening beyond tech into energy and consumer staples.
- He questioned the sustainability of the move despite wider participation since earnings season began.