CNBC Business News Update Market Close: Stocks Mixed, Dow Closes At New Record High, Investors Brace For January Jobs Report Wednesday Morning 2/10/26
Feb 10, 2026
Quick market headlines cover the Dow hitting a record high while the S&P and Nasdaq trade mixed. The team previews a delayed January jobs report and its potential impact on policy. Discussion touches on softening labor trends, flat retail sales, standout corporate results, and big moves at Boeing. Tariff cost estimates and upcoming earnings round out the news-packed update.
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Record Dow Amid Mixed Market
- The Dow hit a new record while other major indices were mixed, showing market divergence.
- Mike Santoli says steady breadth reflects resilience despite the effort required to maintain levels.
Jobs Report Could Sway Fed And Spending
- The upcoming January jobs report is pivotal for Fed policy given signs of labor-market softening.
- Sylvia Jablonski and Gregory Draco warn weaker jobs data would curb income and consumer spending.
Labor Weakness Threatens Consumer-Led Growth
- Weaker employment reduces incomes and will likely constrain U.S. consumer spending for the year.
- Gregory Draco emphasizes the economy's heavy dependence on consumer activity for growth.