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Stock Market News 5 February 2026

JPMorgan stock drops nearly 3% as tech rout and softer jobs data rattle Wall Street

JPMorgan stock drops nearly 3% as tech rout and softer jobs data rattle Wall Street

JPMorgan Chase shares fell 2.9% to $308.13 by midday Thursday, outpacing declines at other major U.S. banks. The drop followed weaker labor data, a surge in layoff announcements, and a broader market selloff led by losses in Big Tech. Initial jobless claims rose to 231,000, while job openings hit their lowest since September 2020. Investors await the delayed U.S. payrolls report and inflation data next week.
5 February 2026
Booking Holdings stock slips in midday trade as AI-fueled analyst calls collide on Wall Street

Booking Holdings stock slips in midday trade as AI-fueled analyst calls collide on Wall Street

Booking Holdings shares fell 1.6% to $4,534.04 Thursday as analysts clashed over whether AI poses a structural threat to online travel agencies. Citizens downgraded the stock, citing AI risks, while Mizuho upgraded it, calling the selloff overdone. Booking will report earnings on Feb. 18. Director Robert J. Mylod Jr. sold 40 shares last week at just over $5,000 each.
AST SpaceMobile (ASTS) stock sinks as AT&T taps Amazon Leo for satellite connectivity

AST SpaceMobile (ASTS) stock sinks as AT&T taps Amazon Leo for satellite connectivity

Shares of AST SpaceMobile dropped 7.8% to $95.45 by midday Thursday amid volatility in space-sector stocks. AT&T and Amazon Leo announced expanded collaboration on satellite and cloud services, drawing investor focus to U.S. telecom partnerships. Amazon Leo requested a 24-month FCC extension for its satellite network rollout. Pomerantz LLP is investigating claims for AST investors following a recent downgrade.
BNAI stock jumps as Brand Engagement Network scraps $50 million Yorkville equity line

BNAI stock jumps as Brand Engagement Network scraps $50 million Yorkville equity line

Brand Engagement Network shares rose 12.6% to $25.07 after the company canceled a $50 million standby equity purchase agreement with Yorkville Advisors, effective Feb. 4. The stock hit $30.70 earlier in the session. The firm reported 5.83 million shares outstanding and 3.38 million in public float. Closings for a $1.518 million private placement are set for Feb. 25 and March 25.
5 February 2026
Why Lam Research (LRCX) stock is bouncing after a bruising 9% drop

Why Lam Research (LRCX) stock is bouncing after a bruising 9% drop

Lam Research shares rose 1.6% to $213.12 by midday Thursday after rebounding from an 8.83% drop the previous day, with trading volume spiking to 19.6 million shares. The company named Cadence CEO Anirudh Devgan to its board and announced Sesha Varadarajan as incoming COO. Chip equipment stocks remained volatile amid uncertainty in the AI sector. Traders await the delayed U.S. January jobs report on Feb. 11.
Applied Materials (AMAT) stock snaps back near $300 as Alphabet AI spend stirs chip-equipment trade

Applied Materials (AMAT) stock snaps back near $300 as Alphabet AI spend stirs chip-equipment trade

Applied Materials shares rose 0.7% to $299.55 by midday Thursday, rebounding after a 6% drop Wednesday. Lam Research, ASML, and KLA also gained, while Alphabet and Qualcomm fell sharply. Citi raised its price target on Applied to $400 ahead of Feb. 12 earnings. Export controls remain a risk, with potential to cut $600 million from Applied’s 2026 revenue.
Intuit stock price today: INTU steadies after AI fears rattle software names

Intuit stock price today: INTU steadies after AI fears rattle software names

Intuit shares rose 0.2% to $446.47 Thursday after volatile trading, as software stocks struggled following a sector selloff linked to AI concerns. The S&P 500 software and services index dropped 1.8%, extending a 13% slide in the past week. Intuit’s Mailchimp unit released a report on digital sign-ups, and the company announced a Super Bowl-week financial literacy event with the NFL and 49ers. Fiscal Q2 results are due Feb. 26.
5 February 2026
ServiceNow stock price slides as AI disruption fears keep pressure on software shares

ServiceNow stock price slides as AI disruption fears keep pressure on software shares

ServiceNow shares fell 3.7% to $106.97 Thursday, extending losses as U.S. software stocks continued a six-session slide that erased about $830 billion in market value. The drop follows investor concerns that rapid AI advances could disrupt the software subscription model. ServiceNow last week forecast 2026 subscription revenue of up to $15.57 billion and announced a $2 billion share buyback.
5 February 2026
Roblox stock price steadies as new “4D creation” AI push meets earnings test after the bell

Roblox stock price steadies as new “4D creation” AI push meets earnings test after the bell

Roblox shares edged up 0.1% to $63.16 midday Thursday after launching a new AI-powered creation tool. The company will report fourth-quarter earnings after the bell, with forecasts calling for a 47-cent loss per share on $2.07 billion in revenue. Investors are focused on user engagement, spending, and the impact of new safety measures.
GE Vernova stock price today: GEV slips as $2.6B bond deal closes, wind repower update back in view

GE Vernova stock price today: GEV slips as $2.6B bond deal closes, wind repower update back in view

GE Vernova shares fell 1.6% to $734.33 Thursday after completing a $2.6 billion senior notes offering to help fund its Prolec GE acquisition. The company reported 1.1 GW of U.S. wind repower orders for 2025, prompting Baird to upgrade the stock. Xcel Energy finalized deals with GE Vernova for gas turbines and wind projects amid rising power demand.
Hims & Hers (HIMS) stock whipsaws on $49 “compounded Wegovy pill” plan as Novo Nordisk threatens legal action

Hims & Hers (HIMS) stock whipsaws on $49 “compounded Wegovy pill” plan as Novo Nordisk threatens legal action

Hims & Hers Health shares surged to $29.44 before falling back to $24.41 after announcing $49 compounded semaglutide pills. Novo Nordisk said it will sue, calling the move illegal mass compounding. The FDA previously warned Hims about misleading claims on compounded semaglutide. Novo’s branded Wegovy pill will cost $199 per month.
Broadcom stock rises as Google flags up to $185 billion in AI capex spending

Broadcom stock rises as Google flags up to $185 billion in AI capex spending

Broadcom shares rose 2.8% to $316.53 Thursday after Alphabet announced a 2026 capital spending plan of up to $185 billion, far above forecasts. The stock hit $326.44 before retreating. Broadcom supplies Google’s AI chips, with over 80% of its AI compute sales tied to the partnership. The company reports quarterly results after the close on March 4.
Alphabet’s up to $185 billion AI capex plan hits Wall Street as Nasdaq slides again

Alphabet’s up to $185 billion AI capex plan hits Wall Street as Nasdaq slides again

U.S. stocks fell Thursday, led by sharp declines in tech shares as investors reacted to heavy AI spending plans from Alphabet and Qualcomm’s weak revenue forecast. Alphabet dropped 2.6%, Qualcomm plunged 8%, and AMD tumbled 17%. The S&P 500 lost 0.51%, Nasdaq 0.50%, and Dow 0.56% by mid-morning. Silver slumped 15% and oil prices also fell amid broad market pressure.
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Stock Market Today

Walmart stock jumps 3% to $131 as Dow clears 50,000 — what to watch before Monday

Walmart stock jumps 3% to $131 as Dow clears 50,000 — what to watch before Monday

7 February 2026
Walmart shares climbed 3.34% to $131.18 Friday, pushing its market value to about $1.05 trillion as the Dow closed above 50,000 for the first time. Retail stocks mostly gained, with Target up 4.24% and Costco up 1.20%, while Amazon dropped 5.55%. Investors await Walmart’s fiscal Q4 results on Feb. 19 and key U.S. economic data next week.
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