Traders work on the floor of the American Stock Exchange (AMEX) at the New York Stock Exchange (NYSE) in New York, US, on Monday, Feb. 9, 2026.
U.S. markets closed higher overnight. Big Tech stocks mostly rebounded, with Oracle jumping 9.6% and Microsoft advancing 3.1%. That helped the S&P 500 climb 0.47% and the tech-heavy Nasdaq Composite jump 0.9%. The Dow Jones Industrial Average ticked up 0.04% — but that still lifted it to another record close.
Asian stocks on Tuesday mostly followed Wall Street higher, with Japan's Nikkei 225 popping more than 2% to outperform its regional peers. Investors are still playing the "Takaichi trade," expecting Japanese equities to be boosted by Prime Minister Sanae Takaichi's economic policies.
Despite gains in U.S. and Asian equities, heavy capex and financing concerns still swirl around Big Tech. Alphabet warned in its annual financial report last week that it could be left with "excess capacity" of data centers in a less-than-ideal scenario.
That said, the Google-parent is still planning to raise $20 billion from a U.S. dollar bond sale — with one bond having a 100-year tenor and denominated in sterling — according to people familiar with the matter, who asked to remain unnamed because the details are confidential.
In other tech news, ChatGPT is "back to exceeding 10% monthly growth," according to CEO Sam Altman's memo to employees. If the broader industry can enjoy such expansion over the long term, Alphabet is unlikely to face any "excess capacity" issues.
Meanwhile, oil prices dipped slightly on Tuesday even as the European Union plans to sanctions ports in Indonesia and Georgia over their handling of Russian oil, according to a Reuters report.
As European markets open, stocks to look out for include AstraZeneca , Barclays and Kering , all of which report earnings today, as well as Standard Chartered, whose shares fell 3.4% in Hong Kong following the surprise departure of Diego De Giorgi — who was widely tipped to be the next leader of the bank.
— CNBC's Jennifer Elias and Leonie Kidd contributed to this report.