Stock Market 6 February 2026

Marvell shares rose 7.27% to $310.58 ahead of the Juneteenth break and will join the S&P 500, replacing Pool Corp. Optical networking stocks are drawing attention after a KeyBanc upgrade. ARK Investment Management bought $52 million worth of Snowflake shares after the company raised its outlook and announced a $6 billion, five-year deal with Amazon Web Services. SpaceX traded at $185, above its $135 IPO price but down from a recent high, with ARK’s buying activity linking Tesla and ETF flows, complicating fund exposure. The S&P 500 industrials sector outperformed, gaining 2.6% for the week, helped by cheaper oil that reduced transport costs, while the S&P 500 overall rose 0.9%. The Energy Select Sector SPDR Fund fell 6.6%, tracking a 7.7% drop in Brent crude to $80.57 a barrel. The Financial Select Sector SPDR rose 0.4%, lagging the S&P 500, while regional banks dropped 2.2%. The Federal Reserve kept rates steady at 3.50%-3.75% but signaled a possible hike later this year. AbbVie is close to acquiring Apogee Therapeutics for $10.9 billion in cash, with an announcement expected soon. The healthcare ETF XLV fell almost 3% for the week, and biotechnology stocks remain sensitive to interest rates. In Germany, advisers plan to recommend linking retirement age to life expectancy and creating a state-run capital fund, with Austria’s pension system as a reference point. The U.S. Air Force made its Global Hawk drone deployment at Yokota Air Base permanent, providing steady ISR capabilities near contested Pacific areas, though local resistance is a risk.