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NASDAQ:GOOG 30 January 2026 - 5 February 2026

Dow Jones slides nearly 600 points as AI spending fears hit Wall Street; Amazon sinks after the bell

Dow Jones slides nearly 600 points as AI spending fears hit Wall Street; Amazon sinks after the bell

The Dow Jones Industrial Average dropped 1.20% on Thursday, closing at 48,908.72 and halting a brief rebound as investors offloaded tech-linked and high-growth stocks. The Nasdaq tumbled to its lowest level since November, while Amazon slid further in after-hours trading, highlighting market nerves over major AI investments.
Google’s $185B AI spending shock rattles stocks as Nasdaq slide spreads to Asia

Google’s $185B AI spending shock rattles stocks as Nasdaq slide spreads to Asia

Asian stocks slipped Thursday after Alphabet, Google's parent company, announced a steep rise in capital spending — targeting long-term assets like data centres and chips. The move intensified the tech sell-off that has already weighed on Wall Street this week. MSCI’s broad Asia-Pacific index excluding Japan dropped 1.8%, while South Korea’s KOSPI plunged 3.9% as investors fled tech-heavy markets. https://www.reuters.com/business/retail-consumer/global-markets-global-markets-2026-02-05/
Google dodges $2.36 billion disgorgement bid in privacy class action, but $425 million verdict stands

Google dodges $2.36 billion disgorgement bid in privacy class action, but $425 million verdict stands

A U.S. federal judge in San Francisco dismissed an attempt to impose over $2 billion in extra penalties on Alphabet’s Google in a privacy class action. The court refused to order Google to hand over $2.36 billion in alleged profits or halt certain data practices. At the same time, the judge rejected Google’s request to decertify the class, keeping the September jury verdict intact.
1 February 2026
Tech stocks face a Monday test after Trump taps Warsh for Fed as Big Tech earnings line up

Tech stocks face a Monday test after Trump taps Warsh for Fed as Big Tech earnings line up

U.S. tech stocks head into February with the focus back on interest rates after Donald Trump picked Kevin Warsh to lead the Federal Reserve. A hotter-than-expected Producer Price Index report — which measures what businesses charge and pay — dragged the Nasdaq down 0.94% on Friday. The 10-year Treasury yield hovered near 4.251%. Terry Sandven of U.S. Bank Asset Management noted investors are repeatedly zeroing in on “the profitability of the massive capex levels” — with capex referring to capital spending.
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