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Wall Street ends down as AI worries slam tech stocks

Technology stocks fell amid concerns over AI competition and stretched valuations as the S&P 500 dropped 1%, marking its fourth decline in five days, analysts said.

  • The S&P 500 and Nasdaq fell on AI worries that slammed tech stocks, even as the energy and materials sectors posted gains.
  • Eli Lilly's shares rallied around 10% after forecasting 2026 profit above Wall Street expectations, limiting losses in the S&P 500.
  • Snowflake, Datadog, and Palantir slumped on concerns that rapidly advancing AI could disrupt industry incumbents.
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Daily JournalDaily Journal
+11 Reposted by 11 other sources
Center

Stock markets drop amid tech concerns before rate calls

Major European and Asian stock markets mostly fell Thursday after more losses on Wall Street's Nasdaq, where technology firms are under pressure over concerns about vast AI investments.

·Cherokee County, United States
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Associated Press NewsAssociated Press News
+17 Reposted by 17 other sources
Lean Left

Asian shares drop after Wall Street retreats thanks to sinking tech stocks

Asian shares are lower after more drops for technology stocks weighed on Wall Street. U.S. futures edged higher and oil prices sank more than $1 a barrel.

·United States
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Reuters broke the news in United Kingdom on Wednesday, February 4, 2026.
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