Late Night Market Recap

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•  09 Feb 2026
 

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The Late Night Market Recap closes out a historic session as the Dow pushed above 50,000 for the first time ever, a psychological milestone that underscores improving sentiment. The Fear & Greed Index ticked higher toward neutral territory, signaling that confidence is stabilizing even as volatility remains elevated beneath the surface.

$HIMS Hims & Hers Health faced intense selling pressure after federal scrutiny and legal action from Novo Nordisk rattled investors. The FDA signaled tighter restrictions on compounded GLP-1 treatments, while Novo filed a patent lawsuit tied to weight-loss drugs. Add controversy around a Super Bowl ad promoting a cancer test, and the stock found itself under fire from multiple angles. Regulatory uncertainty has quickly shifted the narrative from hypergrowth telehealth disruptor to headline risk battleground.

$KD Kyndryl delivered one of the most dramatic moves of the session after missing earnings and revenue expectations, cutting its forward outlook, and delaying financial filings amid an accounting review. The departure of its CFO added another layer of concern. Analysts moved swiftly to downgrade the stock as confidence in near-term visibility deteriorated. What was once a steady infrastructure services story has now become a credibility test.

$CLF Cleveland-Cliffs slid sharply following a mixed fourth-quarter report that included a revenue miss and a widening full-year loss. Management outlined shipment targets for 2026 and pointed to improving demand dynamics ahead, but traders focused on current margin pressure and earnings volatility. The company is positioning for a cyclical recovery, yet investors appear unwilling to price that in until clearer signs of stabilization emerge.

$ORCL Oracle emerged as one of the session clear leaders after an analyst upgrade reframed the recent selloff as overdone. Optimism around AI-driven cloud demand and easing concerns about competitive threats fueled strong buying interest. Broader tech recovery flows also supported the move, as investors rotated back into software names tied to enterprise AI infrastructure.

$NVO Novo Nordisk experienced a volatile session driven by developments in the GLP-1 market. After Hims & Hers pulled its copycat weight-loss pill, Novo benefited from relief buying tied to reduced competitive pressure. However, ongoing debate about its longer-term growth outlook and previous cautionary guidance kept sentiment mixed.

$RIVN Rivian remains in focus as options activity suggests a potentially binary setup ahead of earnings. The stock has struggled year to date, but some traders are positioning for a sharp move in either direction. With EV demand and cash burn under scrutiny, this remains a high-beta name where expectations are compressed and volatility premiums are elevated.

$WMT Walmart continues to blur the line between retail and technology, with its expanding e-commerce and advertising ecosystem reshaping investor perception. Now firmly in trillion-dollar territory, valuation questions are emerging as the company trades at a premium multiple relative to the broader market. Leadership commentary and strategic pivots are reinforcing its evolution beyond traditional brick-and-mortar retail.

$STM STMicroelectronics rallied after announcing a multi-year, multi-billion-dollar expansion of its partnership with Amazon Web Services. The deal centers on enabling next-generation compute infrastructure for AI-driven cloud data centers. In a market hungry for tangible AI supply chain beneficiaries, STM delivered a concrete catalyst that reinforced its relevance in high-performance semiconductor applications.

$UBER Uber traded with relative calm compared to some of the day larger movers, though broader discussions around global delivery expansion and regional dominance strategies remain in focus. As macro sentiment improves, investors continue to evaluate Uber leverage to mobility demand and its path toward durable profitability.

$KR Kroger gained traction after naming former Walmart executive Greg Foran as its new CEO and reaffirming full-year guidance. Leadership clarity often serves as a near-term confidence boost, and investors responded positively to the transition plan. In a consumer environment still navigating inflation pressures, operational stability is a valuable asset.

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