--- title: "Why Is the Stock Market Up Today, 2/9/26?" type: "News" locale: "en" url: "https://longbridge.com/en/news/275353232.md" description: "Both the S&P 500 and Nasdaq 100 are up as tech stocks recover from a selloff. Analysts like Dan Ives from Wedbush argue that fears of AI replacing software services are exaggerated, while DA Davidson upgraded Oracle to 'buy.' Victoria Fernandez from Crossmark Global Investments cautions about pricing power in software companies. The Dow Jones closed above 50,000, with President Trump aiming for 100,000 by January 2029." datetime: "2026-02-09T18:34:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275353232.md) - [en](https://longbridge.com/en/news/275353232.md) - [zh-HK](https://longbridge.com/zh-HK/news/275353232.md) --- # Why Is the Stock Market Up Today, 2/9/26? Both the S&P 500 (SPX) and the Nasdaq 100 (NDX) are trading higher on Monday as tech and software stocks, including Microsoft (MSFT), Oracle (ORCL), and Palantir (PLTR), continue to creep higher from a steep selloff. ### Valentine's Day Sale - 70% Off - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Several Wall Street analysts have pushed back against the claim that AI will replace the need for software services. Wedbush's Dan Ives noted that the "doomsday scenario" for software is "extremely overblown," while DA Davidson's Gil Luria upgraded ORCL stock to "buy" from "neutral" and emphasized that "Software isn't dead." ## **Analysts Grow Bullish on Software as Trump Calls for Dow to Double** Elsewhere, Crossmark Global Investments Chief Market Strategist Victoria Fernandez struck a more cautious tone, explaining that software and AI can "co-exist on some level, but the question is how much pricing power gets put in these companies." Fernandez added that she believes software companies with strong balance sheets are beginning to present attractive buying opportunities. Meanwhile, the Dow Jones (DJIA) closed above 50,000 for the first time on Friday, with President Trump calling for the index to reach 100,000 by the end of his term, or by January 2029. **Stay ahead of macro events with our up-to-the-minute** **Economic Calendar** **— filter by impact, country, and more.** ### Related Stocks - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [VUG.US](https://longbridge.com/en/quote/VUG.US.md) - [QCLR.US](https://longbridge.com/en/quote/QCLR.US.md) - [XSW.US](https://longbridge.com/en/quote/XSW.US.md) - [SCHG.US](https://longbridge.com/en/quote/SCHG.US.md) - [CLOU.US](https://longbridge.com/en/quote/CLOU.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [QYLD.US](https://longbridge.com/en/quote/QYLD.US.md) - [MGK.US](https://longbridge.com/en/quote/MGK.US.md) - [VBK.US](https://longbridge.com/en/quote/VBK.US.md) - [RSP.US](https://longbridge.com/en/quote/RSP.US.md) - [IGV.US](https://longbridge.com/en/quote/IGV.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [IXN.US](https://longbridge.com/en/quote/IXN.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [IWF.US](https://longbridge.com/en/quote/IWF.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [ORCX.US](https://longbridge.com/en/quote/ORCX.US.md) - [IUSG.US](https://longbridge.com/en/quote/IUSG.US.md) ## Related News & Research - [Oracle Stock Faces Earnings Test Next Week. Here's What Analysts Expect Despite Price Swings](https://longbridge.com/en/news/288548262.md) - [Ellison's fortune hits $302B as Oracle rides AI boom](https://longbridge.com/en/news/288510407.md) - [10:30 ETCloudZero, The AI ROI Company, Launches the Financial Control Plane for AI](https://longbridge.com/en/news/287937409.md) - [Oracle (ORCL) Projected to Post Quarterly Earnings on Wednesday](https://longbridge.com/en/news/288522774.md) - [Why Did Oracle Stock Drop Today?](https://longbridge.com/en/news/288596629.md)