Dow Jones: Blue Chip Average Hits Record as Nasdaq Eyes 50-Day MA Breakout Today

• Consumer Discretionary led sector gains at +0.95%, with Disney up 2.72% and American Express rising 2.27%, while Communications lagged with a 0.85% decline
• Taiwan Semiconductor Manufacturing surged 3% to a record after posting its highest monthly revenue ever, exemplifying individual stock momentum
• December retail sales came in flat month-over-month versus expectations of 0.4% growth, signaling a sharp slowdown in holiday consumer spending from November's 0.6% increase

Market Summary

Market Performance:

U.S. equities showed mixed results on February 10, 2026, with the Dow Jones Industrial Average hitting a new record high at 50,512.79, up 309.90 points (+0.62%). The S&P 500 gained 0.32% to 6,986.10, while the Nasdaq Composite rose 0.30% to 23,307.477.

Sector Rotation:

Investors rotated from technology into value-oriented sectors. Nine of 11 sectors advanced, led by Consumer Discretionary (+0.95%), Utilities (+0.69%), and Financials (+0.47%). Communications lagged with a 0.85% decline.

Key Movers:

Top Dow performers included Walt Disney (+2.72%), American Express (+2.27%), and Salesforce (+2.11%). Underperformers were Amgen (-1.33%), Coca-Cola (-1.32%), and Merck (-0.90%). Taiwan Semiconductor Manufacturing (TSMC) surged 3% after posting record monthly revenue.

Economic Data:

December retail sales disappointed, coming in flat versus expectations of +0.4%, following November's 0.6% gain. Sales excluding autos also remained unchanged, missing the 0.3% forecast, signaling weaker holiday consumer activity.

Technical Outlook:

The S&P 500 eyes its all-time high at 7,002.28 after crossing key Fibonacci support levels. The Nasdaq tests its 50-day moving average at 23,398.12, with potential for acceleration if breached. The Dow's rally accelerated after crossing a long-term trendline at 49,850, establishing new support, with the 50-day MA at 48,737 as major support.

Market Implications:

The rotation back into value stocks suggests investors are diversifying away from high-growth tech amid mixed economic signals.