---
title: "Why Is the Stock Market Up Today, 2/6/26?"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/275169666.md"
description: "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."
datetime: "2026-02-06T20:17:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275169666.md)
  - [en](https://longbridge.com/en/news/275169666.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275169666.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/275169666.md) | [繁體中文](https://longbridge.com/zh-HK/news/275169666.md)


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

The S&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.

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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.

## **Consumer Sentiment Rises to Six-Month High**

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%.

Elsewhere, BMO Capital Markets set its year-end S&P 500 price target to 7,380, implying upside of 6.7% from current levels.

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