Global
Feb 8, 2026 • 8:00 PM
Big Tech groups race to fund unprecedented $660bn AI spending spree
Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets
Financial Times
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Daily Briefing
Data from Friday, February 6, 2026
Current as of 8:23 PM
U.S. equity markets closed higher Friday, February 6, with the S&P 500 advancing 0.26% to 4892.35. The Dow Jones Industrial Average added 0.23%, while the technology-heavy NASDAQ 100 lost 0.14%. Market breadth was positive with small-caps outperforming large-caps. The Russell 2000 rose 0.29%, suggesting improved risk appetite. In other asset classes, gold declined 0.40%. Treasury bonds fell as yields moved higher. In the headlines, investors focused on big tech groups race to fund unprecedented $660bn ai spending spree. --- *Markets are closed for the weekend. Showing Friday's closing data.*
Economic Snapshot
View all indicatorsGDP Growth Rate
2.4%+14.30%
Previous: 2.1%As of Q3 2024
Unemployment Rate
3.8%-2.60%
Previous: 3.9%As of Feb 2026
CPI Inflation (YoY)
3.2%-5.90%
Previous: 3.4%As of Feb 2026
Fed Funds Rate
5.3%0.00%
Previous: 5.3%As of Feb 2026
10-Year Treasury Yield
4.1%+0.98%
Previous: 4.1%As of Feb 2026
Consumer Sentiment
110.7+1.80%
Previous: 108.7As of Feb 2026
“As sure as the spring will follow the winter, prosperity and economic growth will follow recession.”— Robert Foster Bennett
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Daily Briefing
Data from Friday, February 6, 2026
Current as of 8:23 PM
U.S. equity markets closed higher Friday, February 6, with the S&P 500 advancing 0.26% to 4892.35. The Dow Jones Industrial Average added 0.23%, while the technology-heavy NASDAQ 100 lost 0.14%. Market breadth was positive with small-caps outperforming large-caps. The Russell 2000 rose 0.29%, suggesting improved risk appetite. In other asset classes, gold declined 0.40%. Treasury bonds fell as yields moved higher. In the headlines, investors focused on big tech groups race to fund unprecedented $660bn ai spending spree. --- *Markets are closed for the weekend. Showing Friday's closing data.*
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