Financial Markets Wall Street
Specialist Anthony Matesic works at his post on the floor of the New York Stock Exchange, Monday, Feb. 2, 2026.
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The U.S. stock market sank after a mixed day of trading. The S&P 500 fell 0.8% Tuesday. The Dow Jones Industrial Average dipped 0.3%, and the Nasdaq composite lost 1.4%. Nvidia, Microsoft and other influential Big Tech stocks weighed on the market. So did software companies and others seen as potential losers to competitors powered by artificial intelligence. But the majority of stocks rose in the S&P 500, including Palantir Technologies, which reported a better profit than expected. Gold and silver prices bounced higher following their latest sell-off. Treasury yields eased in the bond market.
U.S. futures are flat and European shares are mixed, with markets in Asia mostly higher. Tokyo’s Nikkei 225 dropped 0.8%, however, falling back from a record high set Tuesday. Gold and silver prices continued to rebound on Wednesday, while oil prices fell back. Investors have been rotating in and out of technology-related stocks on concerns over whether their shares were being overvalued, and if their heavy spending on artificial intelligence investments will pay off. U.S. markets retreated Tuesday on selling of Big Tech shares like Nvidia and Microsoft. The S&P 500 dropped 0.8%, the Nasdaq shed 1.4%, and the Dow Jones Industrial Average fell 0.3%.
