Stocks surged on Friday as technology stocks recovered following several days of heavy selling in the sector and bitcoin
rebounded following a rout that took the popular cryptocurrency down more than 50% at one point.
The Dow Jones Industrial Average
advanced 1,104 points, or 2.3%, exceeding the 50,000 level for the first time ever and turning positive for the week. The S&P 500
jumped 1.8%, while the Nasdaq Composite
traded up 1.9%. With those moves, the S&P 500 climbed slightly back into the green for 2026.
Even with Friday’s pop, the S&P 500 was still on pace for a 0.3% decline for the week, while the Nasdaq is down about 2% on the week still. The 30-stock Dow, meanwhile, is sitting up 2% week to date, benefitting from some rotation into some economically cyclical stocks even as the overall market was weighed down by tech selling.
https://www.cnbc.com/2026/02/05/stock-market-today-live-updates.html
Tech companies’ projections on data center spending stole the show in recent earnings announcements.
It ushers in a new era of the AI age, with massive private-sector infrastructure spending.
Amazon alone plans for $200 billion in capital expenditures, a more than 50% escalation from 2025.
When Amazon, Alphabet, Microsoft, and Meta announced earnings recently, one set of numbers stole the show: The massive projections for data center spending this year.
Though the industry’s capital expenditures spending on property and equipment have ramped up in recent years, 2026 is shaping up to be leaps and bounds ahead of any private-sector infrastructure spending in modern history.
The projections draw comparisons to previous transformational eras, such as the Gilded Age of the late 1800s and the Information Age of the 1990s.
Amazon
shares sunk more than 9% on Friday after the company’s hefty spending forecast surprised investors who were already wary that the artificial intelligence boom is at risk of becoming a bubble.
The e-commerce company on Thursday was the latest tech giant to announce plans for a massive increase in capital expenditures, after Google parent Alphabet
, Microsoft
and Meta
all signaled they expect their spending sprees to continue.
https://www.cnbc.com/2026/02/06/ai-sell-off-stocks-amazon-oracle.html