Wall Street drifts as gold rises back above $5,000

Associated Press (AP)EN 4 min read 100% complete by By STAN CHOEFebruary 4, 2026 at 05:23 PM

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long article 4 min

On Wednesday, February 3, 2026, Wall Street drifted downwards, impacted by a decline in technology stocks. The S&P 500 fell by 1%, while the Nasdaq composite dropped 2.2%. Despite most stocks in the S&P 500 rising, losses in the tech sector, including a significant drop in Advanced Micro Devices, weighed heavily on the index. The tech sector is facing pressure due to concerns about inflated prices and potential competition from AI-powered technologies. Uber Technologies also contributed to the market's decline after reporting weaker-than-expected results and a disappointing profit forecast. However, some tech stocks, like Super Micro Computer, experienced gains.

Key Entities & Roles

Key Player Opposition Context

Sean Spain ×260% Chris Lagana ×260% Michael Smyth ×260% Neal Catania ×260% Uber Technologies 60% Super Micro Computer 60% Dow Jones Industrial Average 70% Nasdaq 70% Advanced Micro Devices 70% S&P 500 ×280% New York Stock Exchange ×480% Wall Street ×290%

Keywords

tech stocks 90% wall street 80% nasdaq composite 70% s&p 500 70% stock market 70% dow jones industrial average 60% analysts' expectations 60% advanced micro devices 60% uber technologies 50% artificial intelligence 50%

Sentiment Analysis

Negative

Score: -0.20

Source Transparency

Source

Associated Press (AP)

Classification Confidence

90%

This article was automatically classified using rule-based analysis.

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tech stocks wall street nasdaq composite s&p 500 stock market dow jones industrial average analysts' expectations advanced micro devices uber technologies artificial intelligence

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