New York, Feb 8, 2026, 14:44 EST — The market is closed.
Goldman Sachs Group Inc (GS) climbed $38.10 to finish Friday at $928.75, up roughly 4.3%. Shares reached $931.59 at their high, with U.S. equities making a strong upward move as the week closed.
U.S. markets are closed Sunday, so all eyes shift to Monday and whether the bounce really sticks when traders refocus on rates instead of the latest tech stories. Banks, for their part, tend to attract cash whenever investors chase earnings linked to activity and spreads—though that money doesn’t always stay put if yields start swinging.
Goldman tossed out another update for investors: confirmation it’s teaming up with AI startup Anthropic on new “agents”—software designed to handle multiple computer tasks—for internal use. Chief information officer Marco Argenti told CNBC that Anthropic engineers have been working alongside Goldman’s teams for roughly six months. Early applications? Trade and transaction accounting, plus client due diligence and onboarding. Argenti said the tools are expected to speed up key processes. Goldman is aiming to roll them out “soon,” but didn’t get specific. (Reuters)
Goldman, acting as joint lead book-runner with J.P. Morgan, helped steer Once Upon a Farm’s U.S. IPO to a $198 million haul at $18 a share, according to the company and its prospectus. The deal highlights how fee dynamics remain closely tied to the pace of new offerings coming to market. (Reuters)
GS Finance Corp, backed by Goldman, disclosed in a Friday filing that it issued roughly $25.75 million in “trigger autocallable contingent yield notes” with a 2031 maturity. The notes are tied to the SPDR S&P 500 ETF and the Energy Select Sector SPDR ETF. These structured debt products, which can depend on how the market moves, are standard fare for the firm—still, they show the scale of its regular issuance activity. (SEC)
The Dow surged past 50,000 for the first time on Friday, closing up 1,206.95 points, or 2.47%, at 50,115.67. Gains in Caterpillar, Goldman and Nvidia played a key role. “What’s driven it recently has been the broadening that we have seen in the market,” said Chuck Carlson, chief executive at Horizon Investment Services, who flagged buying outside the usual tech-and-AI names. The day’s rally unfolded as risk appetite widened across the board. (Reuters)
Rates keep steering the conversation as the new week kicks off. On Sunday, U.S. Treasury Secretary Scott Bessent told reporters he doesn’t see the Federal Reserve rushing to shrink its balance sheet—even with Kevin Warsh nominated as Fed chair. According to Bessent, the Fed could take as long as a year to decide on any major balance-sheet moves. The Fed’s holdings, which hit almost $9 trillion in 2022, were still around $6.6 trillion by late 2025, Reuters noted.
The AI push isn’t all smooth sailing. “Agents” handling tasks like accounting or customer onboarding often hit regulatory tripwires—controls, audit requirements, oversight. Early tests don’t always scale. And should next week’s macro data upend rate-cut bets, that same rotation that boosted banks Friday might just swing the other way.
All eyes now turn to the U.S. data slate, with the Labor Department’s January jobs report landing Wednesday, Feb. 11 at 8:30 a.m. ET, followed by January’s CPI figures on Friday, Feb. 13 at the same time — both delayed thanks to the recent funding lapse. These prints could jolt yields and put bank names like Goldman squarely in focus as markets open Monday. (bls.gov)
