Today: 2 July 2026

Dow hits 50,000 as Amazon’s $200 billion AI spending plan spooks tech investors

Dow hits 50,000 as Amazon’s $200 billion AI spending plan spooks tech investors

Wall Street surged Friday, pushing the Dow past 50,000 for the first time as chipmakers soared on hopes for fresh AI data-center investments, though Amazon slipped amid concerns over increased spending. The S&P 500 climbed 1.73%, with the Nasdaq Composite up 1.91%. Nvidia, AMD, and Broadcom all rallied over 7%. “Real demand for AI products” is still drawing in buyers, said Ross Mayfield, investment strategy analyst at Baird. This shift is turning heads as the once-unified AI trade splits: hardware and infrastructure suppliers—those “picks and shovels” plays—are getting the market’s vote, but software firms and heavy spenders face more scrutiny. With Big Tech poised to pour about $600 billion into AI by 2026, investors have stopped handing out easy wins; now, every dollar committed is seen as a test of margins. “A de-risking trade,” SanJac Alpha’s Andrew Wells called it. Over at St. James’s Place, strategist Carlota Estragues Lopez pointed out that headlines get “interpreted far more cautiously” than before.
6 February 2026
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Bitcoin price swings as Bitfinex margin longs hit 2-year high — dip buying, or no bottom yet?

Bitcoin price swings as Bitfinex margin longs hit 2-year high — dip buying, or no bottom yet?

On Bitfinex, leveraged long positions in bitcoin just hit their highest levels in two years, even as the price slid beneath $69,000. Traders appear undeterred, with margin longs jumping to roughly 77,100 BTC—a 64% increase over the past six months, according to CoinDesk and TradingView figures. CoinDesk pointed out that this steady climb in bullish bets may suggest bitcoin still hasn’t put in a clear bottom. Bitcoin pushed back over $70,000 on Friday, recovering from a drop to a 16-month low earlier in the day, according to Reuters. A rally in tech stocks and precious metals gave the token a boost. “It feels like a day of consolidation for risk assets that have been under pressure this week,” said Shaun Osborne, chief currency strategist at Scotiabank. Still, options traders kept snapping up puts — those contracts that benefit as prices decline. “Demand for downside protection is extreme,” said Derive.xyz’s Sean Dawson.
6 February 2026
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Amazon’s $200bn AI spending plan spooks investors as AWS runs into Europe power grid delays

Amazon’s $200bn AI spending plan spooks investors as AWS runs into Europe power grid delays

Amazon shares slipped roughly 7% to $206.31 Friday, as the company warned of a substantial increase in spending aimed at expanding artificial intelligence and cloud infrastructure. Amazon is diving headlong into a surge in cloud-sector spending, but Wall Street’s patience appears to be wearing thin. The company’s capex forecast jumps from $131 billion in 2025 to a hefty $200 billion the following year, targeting investments in assets like data centers and chips. Investors didn’t like it — shares dropped 11.5% after hours on Thursday. “The market just dislikes the substantial amount of money that keeps getting put into capex for these growth rates,” said Dave Wagner, portfolio manager at Aptus Capital Advisors.
6 February 2026
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Dow rebounds toward 50,000 as tech snaps back; bitcoin and gold claw higher while Amazon capex rattles AI bets

Dow rebounds toward 50,000 as tech snaps back; bitcoin and gold claw higher while Amazon capex rattles AI bets

Stocks snapped back on Friday, reversing course after three straight sessions of selling that dragged down big tech and other risk plays. By 12:10 p.m. ET, the Dow was up 989.72 points, or 2.02%, sitting at 49,898.44. The S&P 500 added 1.56%, while the Nasdaq jumped 1.69%, according to Reuters data. “The market looks like it was getting a bit overdone to the downside,” said Robert Pavlik, senior portfolio manager at Dakota Wealth. This shift is shaking up the AI trade, as investors get choosier about who stands to gain—or lose—going forward. Software stocks have taken the brunt of it this week: ServiceNow has dropped 12%, Salesforce is down 9%. Hardware, the “picks ’n shovels” of AI, is proving more resilient, Reuters said. “Investors are differentiating between who enables AI and who may be disrupted by it,” said Charu Chanana, chief investment strategist at Saxo.
6 February 2026
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Confluent stock edges higher as IBM deal vote nears after fresh merger filing

Confluent stock edges higher as IBM deal vote nears after fresh merger filing

New York, Feb 6, 2026, 14:30 EST — Regular session Confluent ticked up Friday—shares were up 0.7% at roughly $30.57 by 2:30 p.m. EST—after the company released fresh merger disclosures related to its pending IBM acquisition. The update followed increased investor pressure and two lawsuits aimed at the proxy. According to the latest filing, Confluent’s board faced 17 demand letters along with two legal actions in New York state court. The company said it will update its proxy materials before the Feb. 12 shareholder vote.
6 February 2026
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Stock Market Today

  • Stocks to Watch, Key Calls Move Market on July 2
    July 1, 2026, 11:32 PM EDT. Stocks in focus and major brokerage calls are shaping trade July 2. Investors look at new headlines and setups. Traders watch for shifts and fresh analysis as the day unfolds.
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