Market Update: Nasdaq Closes Amid Ongoing Tech Sell-Off
Published on February 4, 2026, at 4:58 PM EST
By MT Newswires
As the trading day reached its conclusion, the Nasdaq composite index succumbed to pressures of a significant technology sell-off, resulting in a notable market closure. The index was recorded at 24,891.24 points, reflecting a decrease of -1.77% since its last recorded close.
The prevailing climate has been dominated by concerns over the technology sector’s stability, evidenced by the following metrics:
- 5-Day Change: -4.35%
- Change Since January 1: -1.42%
In light of these developments, a backdrop of mixed performance pervaded the broader U.S. equity market, a phenomenon underscored by the struggles faced by major technology firms.
With investors increasingly wary of the fallout from artificial intelligence sector disruptions, tumult has marked the landscape.
This trend highlights a significant pivot in sentiment towards cyclical stocks, as market participants seek refuge amidst the turbulence within tech.
In tandem, the dollar witnessed a rise, and oil prices rallied, indicating a complex interplay of factors in a dynamic financial environment.
In related news, as the anticipation builds for forthcoming earnings reports, the financial community remains watchful. The tech sector’s outlook will be closely scrutinized, particularly in light of the recent market volatility.
Source link: Marketscreener.com.
