Financial Summary: Monday, February 9, 2026
Financial news summary and key insights from Monday, February 9, 2026. Browse summaries by category below.
Tech
Analysts predict significant growth for XRP over the next three years due to increased adoption and clearer regulations.
Investor confidence in the tech sector is rising as two leading tech stocks are expected to perform strongly by 2026.
New DOJ files reveal Jeffrey Epstein's extensive connections in Silicon Valley, including ties to major figures like Bill Gates.
Experts warn against relying on AI chatbots like ChatGPT for financial advice, emphasizing the need for improved trustworthiness.
Oracle's stock rose by 9% as the tech sector attempts to recover from a recent $1 trillion sell-off amid concerns over AI hyperscalers' spending outlooks.
Markets
U.S. stocks rallied significantly, with the Dow gaining over 1,200 points, fueled by strong consumer sentiment.
Gold prices increased amid rising tensions between the U.S. and Iran, enhancing its status as a safe haven asset.
SBI shares hit a record high after a 25% rise in Q3 net profit, prompting brokerages to raise price targets.
The Indian rupee strengthened against the dollar, supported by positive trends in the equity market.
India's steel stocks surged due to strong demand from the infrastructure sector, with Tata and JSW reaching new highs.
The Sensex rose by 485 points, driven by broad-based buying in financial stocks and strong earnings reports.
China's Shanghai Composite index rallied 1.41%, influenced by a weaker dollar and rising gold prices.
BSE reported a 174% year-on-year increase in Q3 net profit, driven by significant revenue growth.
Investor Mukul Agrawal made notable bulk purchases in Tracxn Technologies and Laxmi India Finance, leading to sharp stock gains.
U.S. natural gas futures declined as forecasts predict warmer weather, reducing demand for heating.
Stocks benefiting from increased spending on AI continue to rise, reflecting strong investor interest in technology.
India
India and the US have finalized an interim trade deal that reduces textile export tariffs to 18%, boosting the textile sector.
India has improved its position in the Network Readiness Index 2025, reflecting advancements in digital infrastructure.
Bajaj Auto has launched the WEGO P9018, India's largest electric three-wheeler with a 17.7 kWh battery and a range of 296 km.
World
UK universities are urged to enhance security measures against intimidation from Chinese security services following recent incidents involving academics.
Iran has arrested several prominent reformist politicians amid a crackdown on protests, coinciding with ongoing negotiations with the US.
The Japanese yen fluctuates as Sanae Takaichi is expected to win a significant vote, contributing to record highs in Japanese stocks.
Hong Kong media tycoon Jimmy Lai has been sentenced to 20 years in prison, highlighting the ongoing crackdown on dissent under Beijing's security law.
Cuba announces that international airlines can no longer refuel on the island following pressure from the Trump administration over oil supplies.
King Charles pledges to assist police in investigating his brother Prince Andrew's connections to Jeffrey Epstein, following the release of files by the US justice department.
Companies
Micron is gaining traction in the semiconductor market, drawing comparisons to Nvidia's success.
Amazon's CEO Andy Jassy reassures investors about the company's AI spending strategy amidst stock market fluctuations.
Biogen's stock reaches a 52-week high, fueled by a surge in sales of its Alzheimer's drug.
Tata Steel reports a remarkable 723% increase in Q3 net profit, driven by strong performance in India.
Chinese chip designer Montage Technology's shares soar 57% in its Hong Kong debut after raising $902 million.
JK Tyre and Industries shares surged 7% to an all-time high following strong Q3FY26 results.
Power Finance Corporation and REC announced an in-principle merger, causing their shares to fall up to 3%.
Blue Cloud Softech Solutions plans to invest up to USD 1 billion in AI-powered data centers across India.
Titan is expected to report a 35% increase in profit for Q3 FY26, driven by strong demand during the festive season.
Vodafone Idea shares increased by 4% following Kumar Mangalam Birla's purchase of a stake in the company.
Atul Auto's stock surged 13% after reporting a 98% year-on-year increase in net profit for Q3.
Bajaj Electricals reports a consolidated net loss of Rs 34 crore for Q3 FY26, with an 18% revenue decline due to margin contraction.
Trident experiences a 44% profit fall in Q3 due to a slowdown in exports, prompting the company to establish a domestic subsidiary.