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Stock Market 3 February 2026

U.S. markets reopened after the Juneteenth holiday with mixed performance across sectors. Coherent closed just below its 52-week high, driven not only by a $50 million CHIPS letter but also by signals about U.S. indium phosphide capacity amid China’s stricter indium controls, highlighting the importance of Coherent’s Texas wafer operations. The S&P 500 and Nasdaq fell, with the Nasdaq down over 1% as losses in Alphabet, Meta, Amazon, and Microsoft weighed on tech stocks. Alphabet dropped 5.5%-6%, contributing to the tech sector’s weakness, while the Dow gained 0.28% on strength from Caterpillar and Visa. UiPath traded down 1.2% ahead of its annual meeting, with investors focused on recurring-contract growth and the company’s remaining buyback capacity. Lumentum rose 6.1%, tracking a rally in Coherent, which counts Nvidia as a backer. Applied Optoelectronics gained 7.8% after a China unit doubled its credit line, signaling a manufacturing ramp. Palantir slid over 6% to a new 52-week low as software stocks slumped, with investors questioning AI spending and valuations. Ford was flat as Canadian contract talks began, and Ondas slipped 1.9% despite announcing over $40 million in defense orders. SoFi fell 3.6% as traders weighed insider buying and its stablecoin push. Rocket Lab dropped 7.2% despite joining the Nasdaq-100, with sector weakness and SpaceX performance cited. CoreWeave and Nebius, also new Nasdaq-100 members, reversed earlier gains. The VanEck Semiconductor ETF saw $6.93 billion in net inflows, making up a significant portion of technology sector fund flows.
Intuit stock drops nearly 12% as AI fears sweep software — what investors watch next

Intuit stock drops nearly 12% as AI fears sweep software — what investors watch next

Intuit shares plunged nearly 12% to $429.20 by midafternoon Tuesday amid a broad selloff in software stocks triggered by renewed fears of AI disruption. The drop followed Intuit’s announcement of a multi-year partnership with Affirm to add pay-over-time options to QuickBooks Payments. The S&P 500 software and services index fell about 4%. Intuit’s fiscal Q2 earnings are due Feb. 26.
3 February 2026
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Boeing stock price dips as 777X engine issue and Dreamliner alert collide with airshow orders

Boeing stock price dips as 777X engine issue and Dreamliner alert collide with airshow orders

Boeing shares fell 0.9% to $230.90 Tuesday, near session lows, after news of supply chain delays and a GE9X engine durability probe. Air India grounded a 787 Dreamliner over a fuel switch issue linked to last year’s fatal crash. The FAA is still reviewing Boeing’s request to boost 737 MAX output. Air Cambodia ordered 10 Boeing 737 MAX jets at the Singapore Airshow, with options for 10 more.
3 February 2026
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Intel (INTC) gets $50 price target as Daiwa Capital Markets lifts outlook and CEO talks GPUs

Intel (INTC) gets $50 price target as Daiwa Capital Markets lifts outlook and CEO talks GPUs

Daiwa raised Intel’s price target to $50 from $41, while MarketBeat data showed a “Reduce” consensus and a $45.76 average target. CEO Lip-Bu Tan said Intel plans to build GPUs and highlighted customer engagement with its 14A process. SoftBank unit SAIMEMORY signed a Feb. 2 deal with Intel to develop “Z-Angle Memory,” aiming for prototypes by March 2028. Intel shares fell 0.6% to $48.51 in afternoon trading.
3 February 2026
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Bloom Energy stock swings as AI data-center power demand keeps fuel-cell trade in focus

Bloom Energy stock swings as AI data-center power demand keeps fuel-cell trade in focus

Bloom Energy shares rose 2.3% to $159.72 Tuesday after hitting $176.35, with nearly 9.7 million shares traded. Investors are awaiting fourth-quarter results due after markets close Feb. 5. A new report highlighted fuel cells as a stopgap for data-center power shortages, and Bloom’s stock is up over 400% in the past year. Roth Capital raised its price target to $133 but kept a Neutral rating.
3 February 2026
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Bitcoin slips under Strategy’s break-even, pushing MSTR toward an eighth straight monthly drop

Bitcoin slips under Strategy’s break-even, pushing MSTR toward an eighth straight monthly drop

Strategy sold 673,527 shares for $106.1 million and bought 855 bitcoin last week, raising its holdings to 713,502 coins. The company increased its STRC preferred dividend to 11.25% and set a February payout. Shares fell 6.7% as bitcoin’s drop pushed holdings near break-even and sparked concerns about further purchases. Crypto stocks lagged the market, with $2.56 billion in bitcoin positions liquidated.
3 February 2026
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PayPal stock sinks as CEO exits and 2026 profit view misses; what Wall Street watches next

PayPal stock sinks as CEO exits and 2026 profit view misses; what Wall Street watches next

PayPal shares plunged about 19% Tuesday after the company missed fourth-quarter estimates and issued a weak 2026 profit forecast. The board ousted CEO Alex Chriss, naming CFO Jamie Miller as interim chief until Enrique Lores takes over March 1. Revenue reached $8.68 billion with adjusted EPS of $1.23, both below analyst expectations. The stock hit a session low near $41.
3 February 2026
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IBM stock sinks 9% and drags the Dow as software selloff accelerates

IBM stock sinks 9% and drags the Dow as software selloff accelerates

IBM shares fell about 9% to $286.41 in afternoon trading Tuesday, erasing gains from a recent rally and weighing heavily on the Dow. The selloff followed a broader retreat in software and cloud stocks as investors reassessed AI valuations. Around 7.1 million IBM shares changed hands. Traders are watching for IBM’s upcoming earnings and a House vote on ending the federal shutdown.
3 February 2026
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Amphenol stock slips as tech selloff keeps AI demand and CommScope deal in focus

Amphenol stock slips as tech selloff keeps AI demand and CommScope deal in focus

Amphenol shares fell 0.5% to $144.26 Tuesday afternoon after earlier lows, as investors reviewed an earnings-call transcript highlighting AI data center orders and the impact of the CommScope acquisition. CEO R. Adam Norwitt said AI investment plans are rising, but the CommScope unit will lower first-quarter operating margins by about one percentage point. Fourth-quarter sales rose 49% to $6.4 billion.
3 February 2026
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S&P 500, Nasdaq slip as software rout deepens; Palantir jumps and Walmart hits $1 trillion

S&P 500, Nasdaq slip as software rout deepens; Palantir jumps and Walmart hits $1 trillion

The S&P 500 fell 0.45% and the Nasdaq dropped 1.02% Tuesday as software stocks slid, while the Dow edged up 0.08%. Palantir shares rose after reporting U.S. government revenue up 66% in Q4. Walmart’s market value topped $1 trillion for the first time. The U.S. Labor Department delayed key jobs data due to a partial government shutdown.
3 February 2026
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T-Mobile stock pops nearly 2% as Washington layoff notice surfaces and Feb. 11 update looms

T-Mobile stock pops nearly 2% as Washington layoff notice surfaces and Feb. 11 update looms

T-Mobile shares rose nearly 2% to $198.82 Tuesday after a state notice revealed plans to cut 393 jobs in Washington starting April 2. The company will report quarterly results and a capital markets update on Feb. 11. The next $1.02 dividend is scheduled for March 12, with a Feb. 27 record date. Shares traded between $193.80 and $199.04 after dropping 1.13% Monday.
3 February 2026
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Palantir stock jumps, Thomson Reuters dives as Anthropic’s legal AI tool spooks software shares

Palantir stock jumps, Thomson Reuters dives as Anthropic’s legal AI tool spooks software shares

Palantir shares jumped 6.6% Tuesday after reporting a 70% surge in quarterly revenue and raising its 2026 outlook. Legal and enterprise software stocks tumbled, with Thomson Reuters down 17.4% and Salesforce and ServiceNow off about 8%, as traders worried over AI-driven price competition. Investors await AMD’s earnings after the bell. Anthropic’s new legal chatbot tool fueled concerns about disruption in knowledge-based sectors.
3 February 2026
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Stock market today: Nasdaq falls on artificial intelligence fears as Palantir pops and Walmart hits $1 trillion

Stock market today: Nasdaq falls on artificial intelligence fears as Palantir pops and Walmart hits $1 trillion

The S&P 500 fell 1.3% and the Nasdaq dropped nearly 2% Tuesday, erasing early gains, while the Dow slipped 0.9%. Palantir shares rose after an upbeat revenue forecast, but Microsoft and other major tech stocks declined. A partial U.S. government shutdown delayed key economic reports. Investors await Alphabet and Amazon earnings later this week.
3 February 2026
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Why Procter & Gamble stock is rising today while U.S. tech slides

Why Procter & Gamble stock is rising today while U.S. tech slides

Procter & Gamble shares rose 1.6% to $155.63 Tuesday, outperforming a falling S&P 500 as investors shifted to consumer staples amid a partial U.S. government shutdown. Traders cited the upcoming Feb. 17 dividend and a data blackout as key factors. Software and cloud stocks fell sharply. P&G reaffirmed its 2026 guidance after reporting $22.2 billion in quarterly sales and core EPS of $1.88.
3 February 2026
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Dow drops nearly 430 points as tech selloff deepens; Amazon, Alphabet earnings loom

Dow drops nearly 430 points as tech selloff deepens; Amazon, Alphabet earnings loom

The Dow Jones Industrial Average fell 429.92 points, or 0.87%, to 48,977.74 on Tuesday, with the S&P 500 down 1.04% and the Nasdaq off 1.68%. Sharp declines in IBM, Salesforce, and software stocks weighed on the Dow, while PayPal plunged 19% after its CEO was ousted and its profit forecast missed estimates. Palantir jumped 6.9% on strong sales. Investors await earnings from Alphabet and Amazon this week.
3 February 2026
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Salesforce stock price slides nearly 8% as AI disruption fears hit software — what’s next for CRM

Salesforce stock price slides nearly 8% as AI disruption fears hit software — what’s next for CRM

Salesforce shares fell 7.9% to $194.24 Tuesday afternoon, deepening a rout in software stocks as investors questioned whether new AI tools will drive revenue or just add costs. The drop erased $16.57 from Monday’s close and weighed heavily on the Dow. Anthropic’s rollout of a legal plug-in for its Claude chatbot fueled worries about AI disrupting traditional software models.
3 February 2026
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CoreWeave stock sinks below Nvidia deal price as lawsuit deadline comes into focus

CoreWeave stock sinks below Nvidia deal price as lawsuit deadline comes into focus

CoreWeave shares fell 3.6% to $85.71 by early afternoon Tuesday, dropping below the $87.20 price Nvidia paid for its recent stake. Securities-fraud class action notices resurfaced, with investors given until March 13 to seek lead plaintiff status. The stock slid alongside a broader pullback in AI and chip shares. The lawsuit cites alleged exaggerations of capacity and undisclosed construction delays.
3 February 2026
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Stock Market Today

  • AbbVie to Acquire Biotech Firm Apogee Therapeutics for $10.9 Billion
    June 22, 2026, 4:47 PM EDT. AbbVie announced a $10.9 billion deal to buy Apogee Therapeutics, a biotech company focusing on an experimental drug for atopic dermatitis, a common form of eczema. Apogee's stock surged nearly 47% on Monday following the acquisition news. This move strengthens AbbVie's position in dermatology and expands its portfolio with a promising treatment targeting chronic skin inflammation. The experimental drug is in development stages and could address unmet needs in eczema treatment if approved.

Latest articles

Coherent (NYSE:COHR) up 9% as AI optics squeeze takes focus, not grant size

Coherent (NYSE:COHR) up 9% as AI optics squeeze takes focus, not grant size

22 June 2026
Coherent surged 9.2% to $425.38 after securing a CHIPS Act letter for up to $50 million to double and quadruple indium phosphide wafer capacity in Texas, as China’s tighter indium export checks spotlight U.S. supply-chain risks for AI data centers; shares are up 130% YTD but trade at a P/E above 200, with Nvidia as a key customer.
UiPath (NYSE:PATH) dips; buyback can’t offset ARR pressure

UiPath (NYSE:PATH) dips; buyback can’t offset ARR pressure

22 June 2026
UiPath (NYSE:PATH) slipped 1.2% to $10.15 as investors focus on Thursday’s annual meeting and whether annualized renewal run-rate (ARR) growth can accelerate beyond the current 12%, with $436.9 million in buyback authorization—about 8% of market cap—potentially cushioning shares, but not resolving concerns over sustainable contract growth versus headline revenue.
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