Today: 2 July 2026

Wall Street Tech Sell-Off Gets a New Test as Amazon’s $200 Billion AI Spend Plan Bites

Wall Street Tech Sell-Off Gets a New Test as Amazon’s $200 Billion AI Spend Plan Bites

After a tough week for tech stocks, Wall Street’s key indexes bounced back on Friday, though Amazon took a hit as investors absorbed another surge in Big Tech’s AI spending. By 9:33 a.m. ET, the Dow had climbed 1.08%, the S&P 500 rose 0.88%, and the Nasdaq added 0.77%. Kristina Hooper, chief market strategist at Man Group, noted that investors are now entering “a period of greater discernment” when it comes to AI bets. The recent rebound did little to ease jitters after a swift change in sentiment around AI-related stocks. Tech giants are set to spend roughly $600 billion on AI infrastructure in 2026, yet software and data analytics companies have fallen amid concerns that advanced models could cut into demand. “Headlines that once would have sent shares soaring during the height of AI enthusiasm are now met with much more caution from investors,” said Carlota Estragues Lopez, equity strategist at St. James’s Place in London.
6 February 2026
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Eli Lilly stock rebounds after FDA flags copycat weight-loss drugs; what’s next for LLY

Eli Lilly stock rebounds after FDA flags copycat weight-loss drugs; what’s next for LLY

New York, Feb 6, 2026, 10:53 EST — Regular session Eli Lilly and Company shares climbed about 3% on Friday, recovering part of Thursday’s steep 8% drop. The rebound came after the U.S. Food and Drug Administration indicated it would crack down on illegal copycat weight-loss drugs. The stock traded up 3% at $1,051.74. FDA Commissioner Marty Makary emphasized the agency cannot vouch for the “quality, safety or effectiveness” of these non-approved medicines.
6 February 2026
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Robinhood stock snaps back as HOOD heads into earnings after a rough week

Robinhood stock snaps back as HOOD heads into earnings after a rough week

Shares of Robinhood Markets surged roughly 13% on Friday, recovering some ground after a steep drop pushed the online broker's stock far below last year’s highs. This boost comes just days ahead of its quarterly earnings report. Nvidia shares also climbed amid a broader rally in risk-taking. This matters since Robinhood stands as a key indicator of retail risk appetite—covering options, crypto, and other fast-turnover trades. Investors want to see if that activity sustains heading into earnings. The company is set to report on Feb. 10, and its stock decline since October has accelerated discussions around its valuation.
6 February 2026
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Liberty Global stock price jolts as rarely traded LBTYB jumps; LBTYA ticks up into earnings

Liberty Global stock price jolts as rarely traded LBTYB jumps; LBTYA ticks up into earnings

New York, February 6, 2026, 10:26 — Regular session Liberty Global Ltd’s Class B shares surged past double their previous level on Friday, hitting a peak of $51.24 before settling around $22.40, still up roughly 86%. Meanwhile, the company’s Class A shares, which trade more actively, edged up 1.4% to $11.42, and Class C shares increased 1.5%, also closing at $11.42.
6 February 2026
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Stock Market Today

  • Nifty IT Index Jumps 3.8% as Infosys, HCLTech, TCS Rally Even with Global Tech Under Pressure
    July 2, 2026, 1:47 AM EDT. Nifty IT rallied 3.8% on July 2, snapping four sessions of losses. Infosys jumped 5.1%, HCLTech climbed 4%, and Tata Consultancy Services (TCS) rose 3.2% as the sector led gainers on the NSE. The bounce came as tech shares struggled in the U.S. and global peers dipped. Mid-cap IT names like Tata Technologies and Coforge also moved higher. Abhishek Pathak at Motilal Oswal said he stays constructive on the group citing steady AI demand, but warned about slower discretionary spend and valuations if growth slips.
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