Stocks Slide as AI Disruption Jitters Hit Tech — Earnings Wave Looms
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/ The drop came after a quieter start before the bell, as futures—those contracts tracking indexes outside regular trading hours—edged up. Teradyne, the chip-testing gear maker, soared over 20% on a strong forecast. “It’s been a more orderly and calmer affair across markets,” said Chris Weston, head of research at Pepperstone. https://www.kitco.com/news/off-the-wire/2026-02-03/sp-nasdaq-futures-edge-earnings-deluge-takes-center-stage