Traders work on the American Stock Exchange (AMEX) floor of the New York Stock Exchange (NYSE) on Monday, February 9, 2026 in New York, USA.
Michael Nagle | Bloomberg | Getty Images
Hello, my name is Anique Bao from Singapore. Welcome to another edition of CNBC’s Daily Open.
Wall Street saw solid trading throughout the night, with a close eye on the Nasdaq. The Dow hit an all-time high and oil cooled on optimism that the Iran war was nearing an end.
However, chip stocks slumped. Bitcoin is at its lowest price since the war began, and private confidence is reignited. Then a flesh-eating parasite appeared in Texas.
As Wall Street throws a rocket-themed party for SpaceX, ratings agency S&P Global reveals that the company may not be able to enter its benchmark index right away with a blockbuster IPO.
What you need to know today
The trade truce has resumed, the Dow Jones Industrial Average has hit a new high, the S&P 500 has edged higher, and oil prices have fallen 3%.
US President Donald Trump said he would be “honored” to meet Iranian Supreme Leader Mojtaba Khamenei if a deal is reached, but the Wall Street Journal reported that the president is reluctant to resume full-scale war with Iran.
On Thursday, international crude oil benchmark Brent futures fell 2.8% to close at $95.03 per barrel, and West Texas Intermediate futures fell 3.1% to close at $93.04 per barrel. Both fell in Asian trading on Friday.
The oil drop comes despite Iran-backed Hezbollah rejecting the terms of a ceasefire agreed between the US-backed Israel and Lebanon as “absurd, humiliating and insulting” and demanding Israel’s complete withdrawal before a deal is reached.
From energy to technology: Broadcom missed earnings expectations and fell about 15%. That was enough to send the Nasdaq down nearly 0.1%, even as the rest of Wall Street rejoiced. The tech contagion has also spread to Asian stocks, causing major indexes to fall.
Sen. Elizabeth Warren has invited NVIDIA CEO Jensen Huang to testify before the Senate Banking Committee on June 11 regarding NVIDIA’s sales to China and U.S. export controls, according to a letter obtained by CNBC.
Meanwhile, TSMC Chairman Choi Chia Wei told shareholders on Thursday that the company is working to meet demand and avoid becoming a bottleneck in global supply chains, while also expressing willingness to raise prices.
The slide in cryptocurrencies continues, with Bitcoin overcoming its worst week in months, briefly falling below $62,000 before stabilizing around $63,719. Now, caught between ETF outflows, rotation into other assets, and Michael Saylor’s strategy to unveil the first Bitcoin sale since 2022, it has wiped out all gains since the war began.
The cracks in private credit widened. Blackstone has capped withdrawals from its flagship fund, the Blackstone Private Credit Fund, after a surge in investor redemption requests. This follows Switzerland’s Partners Group, which took similar action for one of its private equity vehicles but warned it could restrict withdrawals across more funds as pressure from credit to private equity spreads.
Wall Street banks are racing to entertain customers ahead of SpaceX’s listing. Bank of America, JPMorgan and Morgan Stanley are all planning to host glitzy events in the coming days in preparation for the deal, which aims to raise a record $75 billion at an expected valuation of $1.75 trillion, making it the largest IPO in history.
In other news, the U.S. Department of Agriculture has confirmed that New World screwfly has been detected in cattle in Zavala County, Texas. The discovery of a 3-week-old calf marks the first detection of a carnivorous pest in the United States in decades.
— Anique Bao
And finally…
World Cup will boost these hospitality stocks, according to Germany and Goldman
The world’s biggest sporting event begins next week in North America. Deutsche Bank and Goldman Sachs have compiled a list of sectors and stocks that are expected to perform well at the 2026 FIFA World Cup, which will be hosted by the United States, Mexico and Canada.
“Leisure, Restaurants & Beverages, Media, Tech and Gaming analysts see stocks in the report that could see the World Cup provide support for stocks,” German analysts wrote on Tuesday, outlining a number of stocks that could receive a “temporary tailwind.”
The German company said it chose the U.S. restaurant brand closest to the World Cup host city, best positioned to benefit from increased tourism.
Goldman Sachs also expects consumer staples in Europe and the U.S., consumer goods in Europe, retail in the U.S., lodging and leisure in the U.S. and airlines in the U.S. to benefit from so many people spending so much money to travel to watch games.
— Joseph Wilkins
