Why Are Tech Stocks Down Today? -- WSJ

Dow Jones02-05

By Hannah Erin Lang

Here are some factors driving the S&P 500 and Nasdaq composite indexes lower today:

-- Investors are reconsidering the AI trade. Anthropic's recently unveiled AI legal tools spurred people to reconsider how quickly the technology might advance-and what industries will be disrupted as a result. "It spooked the broader tech sector," said Tom Bruni, head of market and retail investor insights at Stocktwits. "The impact could be a lot more widespread than initially thought."

-- The rotation continues. Seven of 11 S&P sectors are in the green today, as is the equal-weighted S&P 500. For weeks, investors have been rotating out of heavyweight tech-sector stocks into less crowded bets, like blue-chips or international equities. You're seeing a similar dynamic take shape again today.

-- Speculative activity is dialing back. The record-breaking run of gold and silver has cooled off, and cryptocurrencies have been on a prolonged slide. "Investos are willing to hold their breath and go with momentum," said Jack Ablin, chief investment strategist at Cresset Capital. "But if momentum starts to break, there are very few tangible attributes to hold onto."

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 04, 2026 15:16 ET (20:16 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2609903333?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-05 04:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2609903333","market":"hk","top_or_hot":-1,"title":"Why Are Tech Stocks Down Today? -- WSJ","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Hannah Erin Lang \n</p>\n<p>\n     Here are some factors driving the S&amp;P 500 and Nasdaq composite indexes lower today: \n</p>\n<p>\n     -- Investors are reconsidering the AI trade. Anthropic's recently unveiled AI legal tools spurred people to reconsider how quickly the technology might advance-and what industries will be disrupted as a result. \"It spooked the broader tech sector,\" said Tom Bruni, head of market and retail investor insights at Stocktwits. \"The impact could be a lot more widespread than initially thought.\" \n</p>\n<p>\n     -- The rotation continues. Seven of 11 S&amp;P sectors are in the green today, as is the equal-weighted S&amp;P 500. For weeks, investors have been rotating out of heavyweight tech-sector stocks into less crowded bets, like blue-chips or international equities. You're seeing a similar dynamic take shape again today. \n</p>\n<p>\n     -- Speculative activity is dialing back. The record-breaking run of gold and silver has cooled off, and cryptocurrencies have been on a prolonged slide. \"Investos are willing to hold their breath and go with momentum,\" said Jack Ablin, chief investment strategist at Cresset Capital. \"But if momentum starts to break, there are very few tangible attributes to hold onto.\" \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 04, 2026 15:16 ET (20:16 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Are Tech Stocks Down Today? -- WSJ</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Are Tech Stocks Down Today? -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-05 04:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n       By Hannah Erin Lang \n</p>\n<p>\n     Here are some factors driving the S&amp;P 500 and Nasdaq composite indexes lower today: \n</p>\n<p>\n     -- Investors are reconsidering the AI trade. Anthropic's recently unveiled AI legal tools spurred people to reconsider how quickly the technology might advance-and what industries will be disrupted as a result. \"It spooked the broader tech sector,\" said Tom Bruni, head of market and retail investor insights at Stocktwits. \"The impact could be a lot more widespread than initially thought.\" \n</p>\n<p>\n     -- The rotation continues. Seven of 11 S&amp;P sectors are in the green today, as is the equal-weighted S&amp;P 500. For weeks, investors have been rotating out of heavyweight tech-sector stocks into less crowded bets, like blue-chips or international equities. You're seeing a similar dynamic take shape again today. \n</p>\n<p>\n     -- Speculative activity is dialing back. The record-breaking run of gold and silver has cooled off, and cryptocurrencies have been on a prolonged slide. \"Investos are willing to hold their breath and go with momentum,\" said Jack Ablin, chief investment strategist at Cresset Capital. \"But if momentum starts to break, there are very few tangible attributes to hold onto.\" \n</p>\n<p>\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 04, 2026 15:16 ET (20:16 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2609903333","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2609903333","pubTimestamp":1770236160,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Here are some factors driving the S&P 500 and Nasdaq composite indexes lower today:. -- Investors are reconsidering the AI trade. Anthropic's recently unveiled AI legal tools spurred people to reconsider how quickly the technology might advance-and what industries will be disrupted as a result. \"It spooked the broader tech sector,\" said Tom Bruni, head of market and retail investor insights at Stocktwits. \"The impact could be a lot more widespread than initially thought.\". -- The rotation continues. Seven of 11 S&P sectors are in the green today, as is the equal-weighted S&P 500. For weeks, investors have been rotating out of heavyweight tech-sector stocks into less crowded bets, like blue-chips or international equities. You're seeing a similar dynamic take shape again today.-- Speculative activity is dialing back. The record-breaking run of gold and silver has cooled off, and cryptocurrencies have been on a prolonged slide. \"Investos are willing to hold their breath and go with momen","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"为什么科技股今天下跌？——《华尔街日报》","themeId":"338f3fe37ade81f5f65c4ea3a52f660e","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"By Hannah Erin Lang \n\n\n     Here are some factors driving the S&P 500 and Nasdaq composite indexes lower today: \n\n\n     -- Investors are reconsidering the AI trade. Anthropic's recently unveiled AI legal tools spurred people to reconsider how quickly the technology might advance-and what industries will be disrupted as a result. \"It spooked the broader tech sector,\" said Tom Bruni, head of market and retail investor insights at Stocktwits. \"The impact could be a lot more widespread than initially thought.\" \n\n\n     -- The rotation continues. Seven of 11 S&P sectors are in the green today, as is the equal-weighted S&P 500. For weeks, investors have been rotating out of heavyweight tech-sector stocks into less crowded bets, like blue-chips or international equities. You're seeing a similar dynamic take shape again today. \n\n\n     -- Speculative activity is dialing back. The record-breaking run of gold and silver has cooled off, and cryptocurrencies have been on a prolonged slide. \"Investos are willing to hold their breath and go with momentum,\" said Jack Ablin, chief investment strategist at Cresset Capital. \"But if momentum starts to break, there are very few tangible attributes to hold onto.\" \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  February 04, 2026 15:16 ET (20:16 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":false,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2609903333","isCrawlerRequest":true}