US Benchmark Index Breaches Key Threshold Amid Tech and Jobs Concerns
06.02.2026 - 07:48:03
The S&P 500 faced significant selling pressure on Thursday, closing below the psychologically important 6,800-point level for the first time in weeks. A confluence of disappointing labor market signals and renewed anxiety over soaring capital expenditures in the technology sector prompted a wave of institutional selling.
A primary driver of the downturn was a sharp reassessment of major technology stocks following recent earnings reports. While Alphabet’s fourth-quarter performance exceeded expectations, its forward guidance triggered investor alarm. Management outlined capital expenditure plans for 2026 in the range of $175 to $185 billion, representing a near-doubling from the prior year. The market’s negative reaction to otherwise solid results stems from growing fears Read more...
