Kyndryl Holdings Stock Soars Nearly 12% on Record Dow Rally
Kyndryl shares surged 11.85% on February 10, ranking third among Russell 1000 gainers as the Dow Jones Industrial Average climbed 0.6% to a record 50,407.90. The iShares Expanded Tech-Software Sector ETF posted its strongest three-day gain since April 2025, jumping 8.5%.
1. Market Hits Record Highs
On February 10, the Dow Jones Industrial Average rose 0.6% to 50,407.90, marking fresh all-time highs and extending year-to-date gains to nearly 5%. If February closes in positive territory, it will be the index’s tenth consecutive monthly gain, tying its longest streak from 2017–2018.
2. Software Sector Extends Rebound
The iShares Expanded Tech-Software Sector ETF climbed 8.5% over the past three trading sessions, its best three-day performance since April 2025. Broad buying in software names followed recent underperformance and positive momentum in AI and cloud services.
3. Kyndryl Among Top Gainers
Kyndryl Holdings Inc. shares jumped 11.85% on February 10, making it the third-highest gainer in the Russell 1000. The surge reflected renewed investor interest in managed IT services as technology stocks rallied broadly.