Stock Market Today: Live Updates and Highlights
February 4, 2026 – New York
Stock futures indicate a cautious start to trading following a sell-off in the technology sector that weighed on major U.S. market indexes during the previous session. As investors rotate away from tech stocks toward more cyclical names, major indexes show mixed signals in early pre-market activity.
Futures Show Modest Gains, Tech Sector Under Pressure
S&P 500 futures rose 0.13% late Tuesday evening, while Dow Jones Industrial Average futures added 147 points, or 0.29%. Meanwhile, Nasdaq 100 futures held flat after significant declines in tech shares. The tech-heavy Nasdaq Composite dropped 1.4% during the regular session Tuesday, losing ground amid broad tech stock weakness.
Within the regular market hours, major tech names such as Nvidia and Microsoft each fell more than 2%. Other prominent AI and infrastructure-related companies including Broadcom, Oracle, and Micron Technology also closed in negative territory. The software segment was notably weak, with stocks like ServiceNow and Salesforce plunging nearly 7%. The tech sector was the worst performer on the S&P 500, declining by more than 2%.
Private credit stocks — including Blue Owl and TPG — also retreated, driven by investor concerns about artificial intelligence’s disruptive potential on the software industry.
Market Commentary
Joe Tanious, Chief Investment Strategist for North America at Northern Trust Asset Management, commented on the varied market pressures during an appearance on CNBC’s Power Lunch: “You have a number of cross-currents impacting the markets all at once. That said, I still believe the underlying fundamentals remain intact.”
Tanious emphasized the current market environment’s selectivity, noting that after three years of strong growth and double-digit returns, valuations have become stretched. “It doesn’t take much to provoke volatility, which is what we’re seeing now,” he added.
Notable After-Hours Movers
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Chipotle shares declined nearly 6% in after-hours trading following the company’s report of falling customer traffic for the fourth consecutive quarter. Although Chipotle beat consensus expectations for adjusted earnings and revenue in Q4, it forecasted flat same-store sales growth for 2026, disappointing investors.
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Advanced Micro Devices (AMD) shares dropped approximately 7% after the chipmaker issued a cautious first-quarter revenue forecast. AMD anticipates Q1 revenue near $9.8 billion (plus or minus $300 million), slightly above analyst expectations of $9.38 billion. It also projected a non-GAAP gross margin of about 55%, aligned with consensus estimates.
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Match Group, the online dating app operator, rose 7% following stronger-than-expected fourth-quarter results. The company reported earnings of 83 cents per share on revenue of $878 million, surpassing estimates of 70 cents and $871 million, respectively. Match Group also raised its full-year cash flow guidance.
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Take-Two Interactive Software shares gained nearly 5% after raising its 2026 guidance for net bookings, forecasting a range between $6.65 billion and $6.7 billion.
Broad Market Recap
The S&P 500 fell about 0.8% in the prior session, while the Dow Jones Industrial Average dipped nearly 167 points, or 0.3%, despite reaching record highs earlier in the day. Investors favored cyclical and consumer staples stocks like Walmart as a safer bet amid shifting market dynamics.
Looking Ahead
Earnings season remains in full swing this week, with major reports expected from Alphabet on Wednesday and Amazon on Thursday. These reports could provide further clarity on market trends and investor sentiment moving forward.
For continuous updates on market trends, stock movements, and earnings reports, stay tuned to CNBC’s live coverage.
Reported by Pia Singh
Image Credit: Michael Nagle | Bloomberg | Getty Images