CNBC Business News Update - Market Midday: Stocks Rally, Dow Hits Fresh Record High, Consumer Sentiment Pops Up 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, a record-setting day on Wall Street. 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. CNBC's Kelly Evans, Brian Sullivan, and Dominic Chu, the major average is all higher with the Dow storing 1,098 points this afternoon,

topping 50,000 for the very first time. InVIDIA shares leading it higher up 7.5%. The S&P 500 index up 118 points now almost 2%. The NASDAQ, up 429 points almost 2% this afternoon. Companies who shares hit fresh all-time highs today include Coca-Cola, drug maker Amgen, Johnson & Johnson, Marriott, Exxon, Delta Airlines, and FedEx, to name a few. We've had seven days of selling, so there's always a lot of fears, okay, is there more to go? I think this will prove to be quite a buying opportunity, so these stocks are on a sale. BD8 Capitals Barbara Duran on CNBC. Watch Amazon shares today after mixed quarterly results it reported last night after the closing bell. Amazon shares are down 9% out of the gate this morning.

It missed profit estimates, even with faster than expected growth in its cloud computing business, AWS. Here's a take today from CNBC's David Faber, Carl Kintania, and CNBCMED, Money host Jim Kramer on the cash issue at Amazon, considering it plans to do a lot of spending on AI. 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've got to believe. Right. You have to believe. But I 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 in 20206. No. Because they increased capbacks by over $50 billion above what had been anticipated. Wall Street paying attention to racism coming out of the White House. A racist social media post made by President Trump overnight. An image of former President Barack Obama and First Lady Michelle Obama as cartoon apes,

of course, that is a longstanding racist trope about African Americans. Now, the White House defended the president's post-press secretary Caroline Levitt saying, this is simply an image from an internet meme. Please stop the fake outrage and report on something today that actually matters to the American public. But Senator Tim Scott posted his own thoughts to social media a short time later, saying, praying it was fake because it's, It's the most racist thing I've seen out of this White House. CNBC's Aiman Jabbers in Washington.

No jobs report today. Delayed because of the government shut down from earlier this week. It's set now for next Wednesday. Tonight, the opening ceremony for the 2026 Winter Olympics in Italy. CNBC parent versant is carrying NBC sports-produced Olympic coverage on its networks, including USA Network and CNBC. I'm Jessica Eddinger. CNDC.

Tuesday, February 10th, join CNBC's first ever digital finance forum unlocking opportunities in the new blockchain economy. Request your invite at cnbcevents.com slash digital finance.