US Stocks Drift as Gold, Silver, and Bitcoin Stabilize

Wall Street sees modest moves after Asia's stock market rallies

Published on Feb. 9, 2026

Got story updates? Submit your updates here. ›

U.S. stocks are drifting in mixed trading on Monday, following bursts of higher stock prices in Asia earlier in the day and Wall Street's own rally to close last week. The S&P 500 rose 0.5%, inching closer to its record set two weeks ago, while the Dow Jones Industrial Average was down slightly and the Nasdaq composite was 1% higher.

Why it matters

The relatively modest moves in the U.S. stock market come after a 3.9% surge in Japan's Nikkei 225 to a record high, driven by a landslide victory for the prime minister's political party in a parliamentary election. Investors are hopeful this will give the prime minister more power to push through economic reforms. However, several concerns still hang over the U.S. market, including whether stocks have become too expensive and worries about whether big tech and other companies' spending on AI can produce enough profit.

The details

On Wall Street, the U.S. stock market is coming off its best day since May to close last week. Some of the winners from the rush into AI helped prop up the market, with chip companies like Nvidia and Broadcom seeing gains. Kroger also climbed 6.3% after naming a former Walmart executive as its new CEO. However, Hims & Hers sank 24.5% after Novo Nordisk filed a lawsuit alleging the company is unlawfully selling versions of its weight-loss treatments. Workday fell 6.7% after its CEO announced he is stepping down.

  • The U.S. government will offer the latest monthly update on the health of the job market on Wednesday.
  • Friday will bring the latest monthly reading of inflation at the consumer level.

The players

Nikkei 225

Japan's main stock market index, which surged 3.9% to a record high on Monday.

Sanae Takaichi

The Japanese prime minister whose party won a landslide victory in a parliamentary election, giving them more power to push through economic reforms.

Nvidia

A chip company that saw its stock rise 3.4% as one of the winners from the rush into AI.

Broadcom

A chip company that saw its stock rise 4% as one of the winners from the rush into AI.

Kroger

A grocer that climbed 6.3% after naming a former Walmart executive as its new CEO.

Hims & Hers

A company that sank 24.5% after Novo Nordisk filed a lawsuit alleging it is unlawfully selling versions of Novo Nordisk's weight-loss treatments.

Novo Nordisk

A pharmaceutical company that filed a lawsuit against Hims & Hers and saw its U.S.-traded stock rise 3.3%.

Workday

A company that fell 6.7% after announcing its CEO is stepping down.

Carl Eschenbach

The outgoing CEO of Workday.

Aneel Bhusri

The co-founder of Workday who is returning as the company's new CEO.

Got photos? Submit your photos here. ›

What they’re saying

“Big Phama is weaponizing the US judicial system to limit consumer choice”

— Hims & Hers communications team (X)

What’s next

The judge in the Hims & Hers case will decide on Tuesday whether to allow the company to continue selling its weight-loss treatments.

The takeaway

The U.S. stock market remains close to record highs, but concerns persist about whether stocks have become overvalued and whether the huge investments in AI by tech companies will pay off. Investors will be closely watching key economic reports this week for clues on the Federal Reserve's next moves on interest rates.