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Gold Gains Over 2%; Sally Beauty Earnings Top Views

Avi Kapoor | Feb 09, 2026 17:23 | Source: www.benzinga.com

U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining over 1% on Monday.

The Dow traded down 0.07% to 50,078.58 while the NASDAQ climbed 1.15% to 23,295.01. The S&P 500 also rose, gaining, 0.62% to 6,975.52.

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Leading and Lagging Sectors

Information technology shares gained by 1.1% on Monday.

In trading on Monday, consumer discretionary stocks fell by 0.8%.

Top Headline

Sally Beauty Holdings Inc (NYSE:SBH) posted better-than-expected earnings for the first quarter.

The company posted adjusted EPS of 48 cents, beating market estimates or 46 cents. The company's quarterly sales came in at $943.168 million versus expectations of $940.150 million.

Equities Trading UP

Nexstar Media Group Inc (NASDAQ:NXST) shares shot up 12% to $248.00. President Donald Trump endorsed Nexstar Media Group's $6.2 billion acquisition of Virginia-based television broadcaster Tegna Inc. (NYSE:TGNA) on Saturday, reversing his November opposition to the deal.
Shares of Valaris Ltd (NYSE:VAL) got a boost, surging 24% to $77.44 after the company announced it will be acquired by Transocean for around $5.8 billion.
Oracle Corp (NYSE:ORCL) shares were also up, gaining 8% to $154.85. DA Davidson analyst Gil Luria upgraded Oracle from Neutral to Buy and maintained the price target of $180.

Equities Trading DOWN

Kyndryl Holdings Inc (NYSE:KD) shares dropped 53% to $10.98 after the company reported worse-than-expected third-quarter financial results and cut its FY26 adjusted pretax income and free cash flow guidance.
Shares of Hims & Hers Health Inc (NYSE:HIMS) were down 25% to $17.22 after the company withdrew its weight-loss pill and after Novo Nordisk filed a lawsuit against the company for patent infringement. HHS General Counsel Mike Stuart posted on social media that it referred the company to the DOJ for investigation of potential violations.
Pagaya Technologies Ltd (NASDAQ:PGY) was down, falling 21% to $14.69 after the company reported quarterly results

Commodities

In commodity news, oil traded up 0.8% to $64.05 while gold traded up 2.2% at $5,088.80.

Silver traded up 7.9% to $82.94 on Monday, while copper rose 0.7% to $5.9250.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 gained 0.33%, while Spain's IBEX 35 Index rose 0.69%. London's FTSE 100 fell 0.15%, Germany's DAX gained 0.75% and France's CAC 40 rose 0.25% during the session.

Asia Pacific Markets

Asian markets closed higher on Monday, with Japan's Nikkei jumping 3.89%, Hong Kong's Hang Seng Index gaining 1.76%, China's Shanghai Composite gaining 1.41% and India's BSE Sensex gaining 0.58%.