CNBC Business News Update - Market Close: Stocks Higher, Dow Hits 50k For The First Time, Consumer Sentiment Higher Among Stock Owners 2/6/26

Episode Date: February 6, 2026

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Eddinger. CNBC, Wall Street opens Monday morning after a rally, a record setting Friday on Wall Street, and a milestone for the Dow. 50,000 is in play right now. Dow 50K. We just crossed above 50,000 on the Dow Jones Industrial Average for the first time. This Dow milestone is significant. Again, three and a half years to get here. That's CNBC's Kelly Evans, Brian Sullivan, and Dominic Chu.

The Dow finished the day up 1,200 points, really 1,270. 2.5%. Invita shares led it higher. They were up almost 8%. The Dow will open Monday morning at 50,115. Yeah, pretty safely there because of this little mini buying panic into the close. Honestly, surprising to me, aggressive follow-on buying in the stuff that's already been working this year. That's CNBC's Mike Santoli. The S&P 500 index added 133 points, almost 2%. The NASDAQ added 4%. The NASDAQ added 490 points more than 2%. The S&P and the NASDAQ, however, had a losing week. Companies who shares hit fresh all-time highs on Friday include Coca-Cola, Travelers, Drugmaker, Amgen, Johnson & Johnson, Marriott, Hilton, Exxon, Delta Airlines, Tractor Maker Deer, and FedEx.

Consumer sentiment popped higher in the latest reading from the University of Michigan to its highest since last August. But there's this note from CNBC's Sarah Eisen. Sentiment surged for consumers with the largest stock portfolios, while it stagnated and remained at dismal levels for consumers without stock holdings, which I think tells part of the story of consumers right now. And MetLife's Drew Mattis tells CNBC that investors should pay attention to weaker jobs data. Announced job cuts popped to a 17-year high in January.

There was a pop in unemployment claims last week. and job openings last month were the fewest in five years. The fact that there's no job openings, the reality of it is there's no demand for labor. Where is kind of the next surge in job growth? And don't get me wrong, economists are horrible predicting where job growth is going to be. We're certainly going to end up with a year where there just wasn't a lot of job growth. The trend in unemployment is higher. And if anyone can kind of point to something that suggests that it's not going to move even higher from where it is today, I'd love to know.

Bitcoin with a rebound Friday after its value was cut in half from last fall's highs. It did climb back to about $70,000. Gold up more than 1% on Friday, silver slightly higher. Amazon shares dropped about 5.5% on Friday, even with solid quarterly results. It wants to spend $200 billion on AI, but there's talk about a cash issue. Here's an Amazon take from CNBC's David Faber, Carl Kintania, and CNBC Mad Money host, Jim Creen. Look, I think the problem is this. The cash flow is not there. So then you go back to the old days where they had to borrow a lot of money to do what they wanted. They filed for a mixed shelf this morning.

Yeah. And I just don't know how much they're going to totally borrow. I mean, right, you got to believe. Right. You have to believe. They have to believe that they're going to spend a win. That said, most quarters, if Amazon put a number like that up at its most important unit, you'd see the stock up dramatically. Oh, it would be incredible. But to your point, Jim, there's not going to bring any free cash flow. No, because they increased capbacks by over 50 billion above what had been anticipated. On the coming weeks' watch list, we get quarterly results from some big names like Coca-Cola, Ford, and McDonald's. We also get the jobs report for January, the latest on inflation, and December retail sales numbers. I'm Jessica Eddinger, CNBC.

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