Traders work on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Monday, Feb. 9, 2026. <\/p>\n
Michael Nagle | Bloomberg | Getty Images<\/p>\n
U.S. markets closed higher overnight. Big Tech stocks mostly rebounded<\/a>, with Oracle<\/a> jumping 9.6% and Microsoft<\/a> advancing 3.1%. That helped the S&P 500<\/a> climb 0.47% and the tech-heavy Nasdaq Composite<\/a> jump 0.9%. The Dow Jones Industrial Average<\/a> ticked up 0.04% \u2014 but that still lifted it to another record close.<\/p>\n Asian stocks on Tuesday mostly followed Wall Street higher, with Japan’s Nikkei 225<\/a> popping more than 2% to outperform its regional peers. Investors are still playing the “Takaichi trade<\/a>,” expecting Japanese equities to be boosted by Prime Minister Sanae Takaichi’s economic policies.<\/p>\n Despite gains in U.S. and Asian equities, heavy capex and financing concerns still swirl around Big Tech. Alphabet<\/a> warned in its annual financial report<\/a> last week that it could be left with “excess capacity” of data centers in a less-than-ideal scenario.<\/p>\n That said, the Google-parent is still planning to raise $20 billion<\/a> from a U.S. dollar bond sale \u2014 with one bond having a 100-year tenor and denominated in sterling \u2014 according to people familiar with the matter, who asked to remain unnamed because the details are confidential.<\/p>\n In other tech news, ChatGPT is “back to exceeding 10% monthly growth,” according to CEO Sam Altman’s memo to employees<\/a>. If the broader industry can enjoy such expansion over the long term, Alphabet is unlikely to face any “excess capacity” issues.<\/p>\n Meanwhile, oil prices dipped slightly on Tuesday even as the European Union plans to sanctions ports in Indonesia and Georgia over their handling of Russian oil, according to a Reuters report<\/a>.<\/p>\n As European markets open, stocks to look out for include AstraZeneca<\/a>, Barclays<\/a> and Kering<\/a>, all of which report earnings today, as well as Standard Chartered,<\/a> whose shares fell 3.4% in Hong Kong following the surprise departure of Diego De Giorgi \u2014 who was widely tipped to be the next leader of the bank.<\/p>\n \u2014 CNBC’s Jennifer Elias and Leonie Kidd contributed to this report.<\/p>\n What you need to know today<\/p>\n ‘Impossible’ to move 40% of chip supply chain from Taiwan to the U.S., Vice Premier Cheng Li-chiun, the island’s top trade negotiator, told<\/a> Washington. The comments push back against onshoring targets<\/a> outlined by U.S. Commerce Secretary Howard Lutnick in a CNBC interview in January.<\/p>\n China lashes out at the UK’s expansion on Monday of a scheme for Hong Kong residents to apply for the British National Overseas visa<\/a>, calling it “despicable.” The move comes a day after Hong Kong sentenced pro-democracy media tycoon Jimmy Lai to\u00a020 years in prison<\/a>.<\/p>\n U.S. urges ships to stay ‘as far as possible’ away from Iranian waters, in a\u00a0notice<\/a>\u00a0issued Monday by the U.S. Maritime Administration. Boarding attempts<\/a>, including moves to force commercial vessels into Iranian waters through small boats and helicopters, have occurred as recently as Feb. 3, the agency said.<\/p>\n The S&P 500 rose Monday, notching back-to-back gains. Other major U.S. indexes also climbed, with the Dow hitting a record close<\/a>. Asia-Pacific markets mostly advanced<\/a> Tuesday. Shares of Softbank Group<\/a> spiked as much as 11.95%<\/a>, while Hanwha Aerospace plunged more than 6%<\/a>.<\/p>\n [PRO] Two stocks are pivoting from bitcoin mining to supplying AI players with data centers, and could see their shares more than double<\/a>, according to Morgan Stanley.<\/a><\/p>\n And finally…<\/p>\n Gold and silver price swings are powering algo traders and machine-learning funds<\/a><\/p>\n