U.S. stocks fell on Tuesday as investors worried that artificial intelligence would create new rivals for software makers and squeeze margins. The S&P 500 fell 1.46% and the Nasdaq dropped 2.17%, with Nvidia, Microsoft, Alphabet and Amazon sliding ahead of earnings from Alphabet on Wednesday and Amazon on Thursday. Art Hogan at B. Riley Wealth said some software names “may well be disrupted by AI,” while John Campbell of Allspring Global Investments said the market had “expectations … really high.”
Wall Street dipped Tuesday, dragged down by software stocks rattled over worries that emerging AI tools could tighten margins and shift the competitive landscape. Investors also grappled with a flood of earnings reports from major U.S. firms. https://www.reuters.com/business/sp-nasdaq-futures-edge-up-earnings-deluge-takes-center-stage-2026-02-03/
Robinhood shares dropped 9.62%, closing at $89.91 on Monday, dragged down by bitcoin’s slide even as the broader market gained. The retail broker, which earns most of its revenue from payment for order flow — fees for routing customer trades — faced investor concerns that the crypto slump could dampen trading volumes. Trading volume surged to 59 million shares, roughly 136% above its three-month average. Meanwhile, Charles Schwab and Interactive Brokers Group both closed higher.
July 10, 2026, 12:59 PM EDT. SLB Ltd (SLB) is now ranked #35 in S&P 500 analyst recommendations, just ahead of Applied Materials, Inc. (AMAT), ETF Channel reported. Over the last three months, SLB gained about 1.2% midday Friday; AMAT was up around 1.6%. The change is based on analyst ratings from top brokerages. SLB is in energy services, AMAT in semiconductor equipment.