Technology Stocks Surge in the U.S. Stock Market: Dow Jones Hits Record High

The Extraordinary Stock Market Diary Powered by Technology Stocks

As of the close, the Dow Jones index gained 1,200 points, reaching 50,115.67 points with a %2.47 increase. Meanwhile, the S&P 500 index rose by %1.97 to 6,932.27 points, and the Nasdaq index increased %2.18 to 23,031.21 points.

Weekly Evaluation: Selling Pressure and Recovery

Despite the selling pressure observed in technology stocks at the beginning of the week, investors showed signs of recovery on the last trading day. However, the negative impact of artificial intelligence spending on company profitability and signals of cooling in the U.S. labor market affected risk appetite in the markets.

Amazon’s Possible Spending Increase Affects Stocks

Amazon declared its spending forecast for 2026 at 200 billion dollars, causing its shares to drop by %5.6. Although the company’s net sales exceeded expectations in the fourth quarter, profits did not satisfy investors.

Increase in Investments in Artificial Intelligence!

With the increasing competition in the field of artificial intelligence, the rise in spending by major tech firms such as Alphabet and Amazon supported chip stocks. The share price of Nvidia increased by %7.9; Advanced Micro Devices (AMD) rose by %8.3; and Broadcom gained %7.1.

Macroeconomic Developments: Consumer Confidence and Inflation

This week, the consumer confidence index, measured by the University of Michigan in the U.S., rose to 57.3 in February, exceeding expectations. Inflation expectations also declined to %3.5, the lowest level since January 2025.

Fed Announcements and Monetary Policy

While monitoring the statements from the Federal Reserve (Fed) officials, Vice Chairman Philip Jefferson indicated he was "cautiously optimistic" about the economy. San Francisco Fed President Mary Daly also stated that a rate cut would be necessary alongside weakness in the labor market.