Stock Market 1 February 2026

On June 23, 2026, U.S. markets saw notable volatility, especially in technology and AI-related stocks. The Nasdaq 100 futures dropped nearly 3% before the open, with traders pulling back from AI names. Chipmakers and AI stocks led declines in both the Nasdaq and S&P 500, while the Dow remained relatively stable, supported by large-cap names. Micron Technology shares fell about 11% after reaching an all-time high, as investors awaited the company’s quarterly report, seen as a key test for the AI data-center sector. Oracle shares dropped 2.7% following news that its workforce shrank by around 21,000 in fiscal 2026, raising concerns about the costs of its AI initiatives. Amazon.com slipped 0.7% as Prime Day began, amid a broader pullback in big tech. Palantir edged up 0.7% premarket after a sharp decline the previous day and announced a new role in U.S. Army data architecture. D-Wave shares rose about 3% after executive orders on quantum computing and cybersecurity were signed, while Rigetti Computing shares fell 0.6% despite White House quantum initiatives. AT&T, Verizon, and T-Mobile US all gained modestly, rebounding from recent losses, even as the QQQ ETF tracking the Nasdaq 100 dropped 2.5%. AMC announced a $200 million direct offering to help redeem debt. Primoris shares plunged 35% after cutting 2026 guidance and announcing the COO’s departure. In other moves, Sky Quarry dropped 12.6% after a prior surge, Keel Infrastructure pulled back from a 52-week high, and Tianci International jumped 73.2% on strong quarterly results. Nokia shares fell 2.5% in Helsinki after a Google Cloud AI partnership.