All stocks surge! The Dow Jones Industrial Average surpasses 50,000 points to hit a record high, and Nvidia's market value skyrocketed by over 2 trillion yuan overnight! Chinese assets experience a major breakout, with Alibaba, Baidu, and the EV companies all rising together.

U.S. stock markets closed higher on February 6th local time, with the three major indices all gaining. The Dow Jones Industrial Average rose 1,206.95 points, up 2.47%, surpassing 50,000 points to reach a new closing high. The Nasdaq increased by 2.18%, and the S&P 500 rose by 1.97%.

Nvidia Surges Nearly 8%

Chinese Assets Explode

The Philadelphia Semiconductor Index jumped 5.7%, Broadcom rose over 7%, Tesla increased over 3%, Amazon fell more than 5%, and Google declined over 2%.

Nvidia surged nearly 8%, with a market capitalization increase of $328.8 billion (approximately RMB 22.815 trillion). Nvidia CEO Jensen Huang stated that the demand for artificial intelligence is “stunning.” Both Anthropic and OpenAI are profitable; large-scale AI capital expenditure is reasonable and necessary; building AI will take 7 to 8 years.

In terms of sectors, cryptocurrencies, precious metals, semiconductors, and computer hardware led the gains. Circle and Coinbase rose over 13%, AMD increased over 11%, Intel and ASML rose over 4%, Pan American Silver gained over 5%, and Intel and ASML increased over 4%.

According to media reports, some analysts pointed out that the significant turning point in the global financial markets caused by the sell-off of AI (artificial intelligence) stocks has emerged, and market panic has eased.

Barclays stock strategist Venu Krishna said, “The market’s reassessment of AI sentiment has not materially changed our positive outlook on the fundamentals of large tech companies, which are at the core of the AI capital expenditure cycle. Their valuations remain attractive, and even if the market temporarily pulls back from the AI narrative, we believe their profitability remains resilient.”

Chinese assets surged, with the Nasdaq China Golden Dragon Index closing up 3.71%. Popular Chinese concept stocks mostly rose: 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%.

The FTSE A50 futures index closed up 1.03% overnight, at 14,960 points.

COMEX gold futures rose 2.03%, closing at $4,988.6 per ounce; COMEX silver futures increased 1.06%, to $77.525 per ounce.

Spot gold gained 3.88%, at $4,959.54 per ounce; spot silver rose 9.63%, to $77.50 per ounce.

JPMorgan Chase technical strategist Jason Hunter and his team stated in their latest report that the long-term bull market trend for gold remains solid, and the theme of “currency devaluation” remains intact. As long as the dollar index stays below 100, a weak dollar environment will continue to support the long-term bullish case for precious metals and commodities.

However, JPMorgan also pointed out that after recent sharp volatility, technical patterns indicate the market has officially entered a consolidation phase. Gold is expected to form a wide-range trading zone over the next few months, with support between $4,264 and $4,381 per ounce, and resistance between $5,100 and $5,150 per ounce.

U.S. Consumer Confidence Index Slightly Rises

Long-term Inflation Expectations Slightly Increase

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, higher than January’s final reading of 56.4 but lower than February 2025’s final of 64.7.

The initial index for current economic conditions was 58.3, up from January’s final of 55.4 but below February 2025’s final of 65.7. The consumer expectations index was initially 56.6, down from January’s final of 57 and below February 2025’s final of 64.

The expected inflation rate for the next year decreased from 4.0% in January to 3.5% in February, the lowest 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 small increases.

The survey shows that although the consumer confidence index is at its highest level since August 2025, the monthly increases over the past few months have been small. From a historical perspective, overall confidence remains very low. Concerns about rising prices and unemployment risks continue to cause worries about personal financial conditions.