2026년 2월 9일 · Unknown · financial · 출처 Yahoo Finance
Week ahead: Markets to test rebound with earnings, jobs data due Proactive uses images sourced from Shutterstock
Wall Street is heading into another crowded and potentially volatile week, with investors juggling a heavy earnings calendar, a backlog of delayed US economic data and lingering nerves after a sharp risk-off move that rattled stocks and crypto.
The backdrop is eye-catching: the Dow Jones Industrial Average topped 50,000 for the first time last week. But instead of celebrating, markets are debating whether last Friday’s rebound marked a turning point or just a pause in February’s choppy trading.
Another 78 S&P 500 companies are set to report, including Dow components The Coca-Cola Company (NYSE:KO), McDonald's Corp (NYSE:MCD, XETRA:MDO) and Cisco Systems Inc (NASDAQ:CSCO, XETRA:CIS). Results are also due from ON Semiconductor (NASDAQ:ON), Ford Motor Company (NYSE:F), AstraZeneca PLC (LSE:AZN, NASDAQ:AZN) and Applied Materials Inc (NASDAQ:AMAT, XETRA:AP2).
“With Big Tech earnings and spending announcements now behind us, the week ahead may see markets digest the news, reprice expectations and consolidate,” said Ipek Ozkardeskaya, senior analyst at Swissquote.
Artificial intelligence remains a key source of unease. “February is proving to be a choppy month for financial markets,” said Kathleen Brooks. “There continues to be an existential fear about AI.”
While some of the recent selloff looks overdone, Brooks said investor concern has broadened beyond obvious AI winners. “The focus is now shifting to the losers in an AI world,” she said, adding that uncertainty over who ultimately benefits is fueling bouts of selling.
Crypto back in focus
Crypto markets are also back in play. Bitcoin has rebounded by more than $7,000 in recent days, climbing back above $70,000 after dipping near $63,000 last week.
“We will be watching to see if the rise in Bitcoin over the weekend eases retail traders’ fears,” Brooks said, noting that the tight link between bitcoin and tech stocks, especially AI-linked names, is likely to persist.
That link matters as retail behavior appears to be shifting. Brooks pointed to signs that retail investors have been less willing to buy dips this month, particularly in crypto-linked stocks, which could make markets more volatile.
Data deluge ahead
The biggest test comes from Washington. After delays caused by the partial government shutdown, markets will finally get a run of major US data.
December retail sales are due Tuesday, followed by the delayed January jobs report on Wednesday and January CPI on Friday.
“A very data-heavy week awaits,” said Michael Brown, senior research analyst at Pepperstone. “The employment report will be parsed closely for any further signs of labour market softness.”
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Deutsche Bank said the combination of payrolls and inflation makes this week a “rare double feature,” while warning that benchmark revisions and seasonal adjustments could add noise to the numbers. The bank expects modest job growth and easing headline inflation, but said risks around the data are elevated.
Markets appear split on what comes next. Goldman Sachs, according to Brooks, sees scope for renewed selling pressure that could drag the S&P 500 back toward its December lows. Others point to easing geopolitical tensions and stabilizing commodity markets as reasons for optimism.
With earnings, AI fears, crypto swings and three market-moving data releases all colliding, investors may finally get clarity on whether last week’s rebound has staying power.
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