<div id="readability-page-1"><p>The S&amp;P 500 (SPX) and the Nasdaq 100 (NDX) are both up by over 1.5% on Friday as tech stocks stage a recovery alongside an encouraging consumer sentiment report.</p><h3>Claim 50% Off TipRanks Premium</h3><ul><li>Unlock  hedge fund-level data  and  powerful investing tools  for smarter, sharper decisions  </li><li> Stay ahead of the market with  the latest news and analysis  and maximize your portfolio's potential</li></ul> <p>Earlier this week, tech stocks sold off sharply following the release of new plugins for Anthropic's Claude CoWork, which offers automation services for industries including legal, marketing, sales, and finance. Software stocks were hit especially hard, with the iShares Expanded Tech-Software Sector ETF (IGV) falling to its most oversold level since 2018. However, dip-buyers stepped in today, with Nvidia (NVDA), Microsoft (MSFT), Palantir (PLTR), and Broadcom (AVGO) all showing sizable gains.</p> <h2><strong>Consumer Sentiment Rises to Six-Month High</strong></h2> <p>Meanwhile, the University of Michigan's preliminary Index of Consumer Sentiment for February rose to a six-month high of 57.3, above the estimate of 55.0. In addition, consumers now expect year-ahead inflation of 3.5%, down from 4.0%. Long-term inflation expectations edged higher for a second consecutive month to 3.4% from 3.3%.</p> <p>Elsewhere, BMO Capital Markets set its year-end S&amp;P 500 price target to 7,380, implying upside of 6.7% from current levels.</p> <p><strong>Stay ahead of macro events with our up-to-the-minute </strong><strong>Economic Calendar</strong><strong> — filter by impact, country, and more.</strong></p></div>

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<p>The S&P 500 and Nasdaq 100 rose over 1.5% as tech stocks recovered, aided by a positive consumer sentiment report. The University of Michigan's Index of Consumer Sentiment reached a six-month high of 57.3, surpassing expectations. Notable gains were seen in Nvidia, Microsoft, Palantir, and Broadcom. BMO Capital Markets set a year-end S&P 500 target of 7,380, indicating a potential 6.7% upside from current levels.</p>

- The S&P 500 and Nasdaq 100 increased by over 1.5% on Friday due to a tech stock recovery and a positive consumer sentiment report.  
- Earlier this week, tech stocks experienced a decline following new automation service releases, but buyers stepped in, leading to gains in companies like Nvidia and Microsoft.  
- The University of Michigan's Consumer Sentiment Index rose to a six-month high of 57.3, surpassing expectations, while BMO Capital Markets set a year-end S&P 500 target of 7,380.

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VanEck Semiconductor ETF

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Roundhill PLTR WeeklyPay ETF

NASDAQ-100

YieldMax NVDA Option Income Strategy ETF

Ultr S&P 500 Pro

S&P 500

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Long Microsoft Daily Target ETF

SPDR S&P Semicon

Leverage Shares 2X Long PLTR Daily ETF

SPDR S&P 500

Broadcom

ProShares Ultra QQQ

Defiance Daily Target 2X Long AVGO ETF

Spdr Select Tech

iShares Semiconductor ETF

Global X NASDAQ 100 Collar 95-110 ETF

Why Is the Stock Market Up Today, 2/6/26?