Historic moment! The Dow Jones Industrial Average first surpasses 50,000 points. Trump posts a congratulatory message.

Global Asset Boom

On February 6th, Eastern Time, the three major U.S. stock indices closed higher across the board, with the Dow Jones Industrial Average rising 2.47% to surpass 50,000 points for the first time in history, reaching a new high. The Nasdaq increased by 2.18%, and the S&P 500 rose by 1.97%.

According to reports, U.S. President Trump tweeted: “The Dow Jones Industrial Average has surpassed 50,000 points for the first time in history. Congratulations, America!”

U.S. Consumer Confidence Index Slightly Up

Long-term Inflation Expectations Slightly Rise

In terms of economic data, on February 6th, local time, the University of Michigan released preliminary survey data showing that the U.S. Consumer Confidence Index for February 2026 was initially 57.3, up from the final value of 56.4 in January, but down from the final value of 64.7 in February 2025.

The initial index for the current economic conditions in February was 58.3, higher than the final value of 55.4 in January, but lower than the final value of 65.7 in February 2024. The consumer expectations index was initially 56.6, down from the final value of 57 in January, and below the final value of 64 in February 2024.

Meanwhile, inflation expectations for the next year decreased from 4.0% in January to 3.5% in February, the lowest reading since January 2025. Long-term inflation expectations slightly increased from 3.3% in January to 3.4% in February, marking the second consecutive month of slight growth.

The survey shows that although the current consumer confidence index is at its highest level since August 2025, the monthly growth in recent months has been small. From a historical perspective, overall confidence remains very low. Rising prices and increasing unemployment risks continue to cause widespread concerns about personal financial conditions.

Federal Reserve’s Daly stated on Friday that she is “very open” on interest rate issues, leaning towards further rate cuts in 2026, but it’s hard to say whether there will be one or two cuts.

Nvidia’s Market Cap Surges by 2.2 Trillion Yuan Overnight

On the market, semiconductor stocks surged collectively, with the Philadelphia Semiconductor Index jumping 5.7%, Nvidia rising nearly 8%, adding $325 billion to its market value, and companies like COT Semiconductor and Super Micro Semiconductor increasing over 8%. Broadcom rose over 7%, and TSMC increased over 5%.

According to Cailian News, Nvidia CEO Jensen Huang spoke on Friday, stating that the massive spending on AI is reasonable and sustainable. He explained that the reasonableness lies in the fact that all these companies’ cash flows will start to rise. As long as people are willing to pay for artificial intelligence and AI companies can profit from it, they will continue to invest, doubling down repeatedly.

Huang said that the demand for AI is “stunning.” Both Anthropic and OpenAI are profitable; large-scale AI capital expenditure is reasonable and necessary; building AI requires 7 to 8 years.

Huang’s latest comments have received a positive market response for now. By the close on Friday, Nvidia’s stock surged nearly 8% in a single day, increasing its market value by $328.8 billion (approximately 22.815 trillion RMB).

Chinese assets also surged, with the Nasdaq China Golden Dragon Index rising 3.71%. Popular Chinese concept stocks mostly gained, with NIO up over 7%, Li Auto up over 6%, Baidu up over 5%, XPeng Motors nearly 5%, Bilibili up over 4%, Alibaba and Pinduoduo up over 3%, JD.com and iQiyi up over 2%.

Precious Metals Rebound: Gold and Silver Soar

Precious metals rebounded strongly, with spot gold rising 3.98% to $4,966 per ounce; spot silver surged nearly 10% to $77.78 per ounce.

On the news front, on February 6th, local time, the U.S. State Department announced sanctions against 15 entities and 2 individuals related to transactions involving Iranian crude oil, petroleum products, or petrochemical products, and designated 14 ships as involved in transporting Iranian oil and related products.

The U.S. State Department issued a statement that day, saying the U.S. government is implementing “maximum pressure” on Iran to significantly reduce the country’s “illegal exports of oil and petrochemical products.”

(Source: Huaxia Times)