New York, February 4, 2026, 12:11 EST — Regular session
- SPGI shares dropped roughly 3% by midday, deepening the sharp decline seen the previous day.
- Investors are digesting concerns over AI disruption in data and analytics companies, alongside S&P Global’s plan to spin off its Mobility unit.
- S&P Global is set to report earnings on Feb. 10, with attention on the spin-off schedule.
S&P Global Inc shares fell 2.7% to $455.41 on Wednesday, surrendering earlier gains as caution lingered around the data-and-analytics sector.
The shift is significant as a selling spree targets companies offering information, workflow tools, and essential datasets following AI developer Anthropic’s rollout of new plug-ins for its Claude Cowork agent. “Anthropic is now, really obviously parking its tanks on their lawn,” IG chief markets strategist Chris Beauchamp remarked. 1
S&P Global dropped new details for traders on its Mobility division, revealing it will adopt the name Mobility Global once the planned spin-off goes through. The spin-off, which will list the unit as an independent public company, is still pending board approval and an SEC Form 10 registration filing. Bill Eager, president of the division and CEO-designate, described it as “trusted by suppliers, OEMs (original equipment manufacturers), dealers, and consumers.” The company highlighted key brands like CARFAX and Polk Automotive Solutions. S&P first announced the planned separation back in April 2025. 2
Shares dropped roughly 10% Tuesday following the news of Mobility Global’s rebrand. 3
The slump wasn’t confined to a single name. MSCI dropped 3.5%, Moody’s lost nearly 2%, and Intercontinental Exchange edged up. Meanwhile, major indexes dipped—SPDR S&P 500 ETF fell roughly 0.6%, and Invesco QQQ slid about 1.8%.
Nvidia CEO Jensen Huang, speaking at a Cisco AI conference, dismissed the notion that AI will render traditional software and tools obsolete, labeling it “the most illogical thing in the world.” 4
The debate has accelerated sharply. Schroders analyst Jonathan McMullan noted investors are “aggressively repricing these areas as the historical ‘visibility premium’ erodes,” referring to the extra value attached to steady, subscription-style income. 5
S&P Global is gearing up for its next big moment. The company will release its fourth-quarter and full-year 2025 earnings on Tuesday, Feb. 10. CEO Martina Cheung and CFO Eric Aboaf will join a conference call and webcast that morning to discuss the results. 6
Wall Street views this upcoming report as a critical test. According to Zacks’ consensus estimate, shared by Nasdaq, fourth-quarter earnings per share are expected to hit $4.29. The company has topped estimates in each of the past four quarters. 7
That said, the setup works both ways. Should the AI jitters fade and investors conclude the selloff overshot fundamentals, SPGI might find a floor. Still, a cautious outlook, softer issuance-driven ratings activity, or delays in the Mobility separation could continue to weigh on the stock.
Traders are zeroing in on Feb. 10 for the key numbers—and to get clarity on when Mobility will file its Form 10, plus what the new S&P Global will look like after the split.
