On February 10, US stocks closed higher, with technology shares leading the advance and the Dow Jones Industrial Average reaching a new all-time high. Investors are awaiting key economic data and a new round of corporate earnings reports.

The Dow Jones rose 20.20 points, or 0.04%, to close at 50,135.87. The Nasdaq Composite gained 207.46 points, or 0.90%, finishing at 23,238.67. The S&P 500 increased by 32.51 points, or 0.47%, ending at 6,964.81. Nvidia and Broadcom performed strongly, extending gains from the previous trading session with increases of 2.5% and 3.3%, respectively. Shares of Oracle, a peer in the artificial intelligence sector, closed up 9.65%. This followed an upgrade by D.A. Davidson from Neutral to Buy, reflecting optimism about OpenAI and its beneficiaries. Last Friday, US stocks staged a significant rebound, with the Dow surpassing the 50,000-point mark for the first time in history. Prior to that, technology stocks, particularly software shares, had faced selling pressure. Bitcoin also experienced a sharp decline before partially recovering as investor risk aversion eased. Sam Stovall, Chief Investment Strategist at CFRA Research, commented, "Investors are wondering, 'Okay, we’ve had a strong rebound. Can it last? If I jump in now, will I get burned, or is this truly another buying opportunity?'" Referring to the forward price-to-earnings ratio of tech stocks compared to their five-year average, Stovall noted, "We’ve shifted from a 17% premium to an 8% discount. One might say, 'Well, that’s not too bad, so maybe it’s not yet time to abandon tech stocks.'" Corporate earnings reports continue to be released in large numbers, with Coca-Cola and Ford Motor scheduled to report on Tuesday. Analysts suggest that if this week’s corporate earnings perform well, the recent rotation trend away from tech stocks may reverse. Investors are also awaiting the delayed January employment report from the Bureau of Labor Statistics, now set for release on Wednesday. The report was originally scheduled for last Friday but was postponed due to a partial government shutdown. Earlier, ADP reported that private sector employment increased by only 22,000 in January, significantly below expectations. Economists surveyed by Dow Jones anticipate that the closely watched employment report will show an increase of 55,000 jobs for January. Also delayed due to the government shutdown, January’s Consumer Price Index data is scheduled for release on Friday. Market expectations point to an annual growth rate of 2.5%.