Stock Market 3 February 2026

U.S. index ETFs showed little movement in after-hours trading, with blue-chip stocks slightly up and growth stocks weaker, continuing the regular session’s trend. Amazon shares dropped 4.75% as investors questioned the payoff timeline for the tech industry’s heavy AI spending. Keel Infrastructure rose 5.9% to a new 52-week high, driven by investor interest in its power assets for potential AI data center leasing. Nokia shares climbed in both Helsinki and the U.S. after expanding its AI network-software partnership with Google Cloud. Infleqtion gained about 5% following a White House policy boost for quantum technologies, though risks include ongoing losses and unproven hardware. Nexentis Technologies more than doubled after an AI drug-discovery update, with heavy trading throughout the session. Grab fell 2.24% and is down 30% this year despite higher revenue and profit, as investors weigh its buyback and AI initiatives against concerns about competition and growth. Tesla shares rose 1.14% as focus remained on its robotaxi strategy and potential closer ties among Elon Musk’s companies. Marvell Technology fell 0.9% in its S&P 500 debut but remains up over 260% this year due to AI infrastructure demand, with investors balancing index-fund buying and high valuations. Apple slipped 0.3% but outperformed most large tech peers. Nvidia fell 0.97%, with large tech names dragging the Nasdaq down 1.3%. SpaceX shares dropped 16.43% amid its first bond sale, though the stock remains above its IPO price. Chipotle fell 6%, outpacing the broader restaurant group. Snap remains 19% below its June 15 close, with investor focus on capital discipline. Joby Aviation declined 1.4%, with lawsuits and index changes in focus. Coherent neared a 52-week high, with attention on U.S. indium phosphide capacity amid China’s stricter controls. UiPath fell 1.2% ahead of its annual meeting, with investors watching recurring-contract growth. The S&P 500 lost 0.48% and the Nasdaq 1.41%, as losses in Alphabet and other big tech stocks outweighed sector gains elsewhere. The Dow gained 0.28%, led by Caterpillar and Visa, while Alphabet’s decline weighed on tech. Ford was flat as Canadian contract talks began.