NYSE:NUE News 15 November 2025 - 1 February 2026

February 6, 2026, 2:52 AM EST. Wall Street suffered sharp losses Thursday as tech stocks tumbled and bitcoin plunged to about half its peak last fall. The S&P 500 slid 1.2%, marking its sixth drop in seven sessions since an all-time high. The Dow Jones Industrial Average fell 592 points, or 1.2%, while the Nasdaq dropped 1.6%. Qualcomm shares were hit hard despite beating quarterly profit and revenue forecasts, with memory chip shortages prompting handset makers to reduce orders. Treasury yields fell after unemployment benefit claims rose more than expected, signaling a potential acceleration in layoffs. Employers announced layoffs last month hit their highest level since October, according to Challenger, Gray & Christmas. The market declines reflect mounting concerns over economic and sector-specific pressures.