CNBC Daily Open: Chips are down — but not for the Dow

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. Michael Nagle | Bloomberg | Getty Images Hello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC's Daily Open. Wall Street had a strong session overnight — if you squint past the Nasdaq. The Dow hit an all-time high and oil cooled on optimism that the Iran war was nearing its end. Chip stocks, however, stumbled; bitcoin is hovering at its weakest since the war began, private credit is throwing off sparks again — and a flesh-eating parasite has turned up in Texas. As Wall Street is throwing a rocket-themed party for SpaceX, rating agency S&P Global made it clear that the blockbuster IPO may not see a swift entry for the company into its benchmark index. What you need to know today The ceasefire trade is back on, with the Dow surging to a fresh all-time high, the S&P 500 edging higher and oil prices cooling 3%. U.S. President Donald Trump said he'd be "honored" to meet Iran's Supreme Leader Ayatollah Mojtaba Khamenei , if a deal can be reached, while the Wall Street Journal reported that the president was reluctant to resume a full-scale war with Tehran. Brent futures, the international crude benchmark, lost 2.8% to close at $95.03 per barrel, West Texas Intermediate futures dropped 3.1% to settle at $93.04 per barrel Thursday. Both were down in Friday Asia trading. …