economy

February 7, 2026

Here are 3 major moments that drove the stock market last week

It was a volatile week with a market sell-off, a rotation and a snapback.

Here are 3 major moments that drove the stock market last week

TL;DR

  • The tech sector experienced a strong rally on Friday, but both the Nasdaq and S&P 500 ended the week with losses.
  • The Dow Jones Industrial Average reached an all-time high close on Friday and finished the week up 2.5%.
  • Hyperscalers like Alphabet and Amazon announced significant increases in capital expenditures for data centers and AI offerings.
  • Software stocks declined due to fears that AI will impact their market share, accelerating a sell-off that had been ongoing for months.
  • A rotation out of tech and into value areas like financials and industrials allowed for trimming of positions in stocks like Home Depot and Honeywell.
  • DuPont shares rallied as capital rotated into industrial names, and Texas Roadhouse was trimmed due to concerns about beef inflation.

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