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Wed, February 5, 2025

Stock Market Today: Nasdaq to lead Dow, S&P 500 lower as Alphabet revives Big Tech spending concerns; AMD stock slumps; Qualcomm earnings on tap.


Published on 2025-02-05 06:41:35 - MarketWatch
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  • Follow all the latest U.S. market action for Wednesday here as Big Tech stocks again come under pressure on capex concerns.

The article from MarketWatch discusses the current state of the U.S. stock market, highlighting a downturn in major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite. This decline is attributed to renewed concerns over Big Tech spending, particularly after Alphabet Inc. announced a significant increase in capital expenditure for 2024, which raised fears about potential overinvestment and its impact on profitability. The market's reaction was also influenced by broader economic indicators, including a slight uptick in U.S. consumer confidence and ongoing discussions about Federal Reserve interest rate policies. Additionally, the article touches on sector-specific news, such as Tesla's stock movement following announcements about its Cybertruck production and pricing, and the general market sentiment influenced by geopolitical tensions and economic data releases.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/livecoverage/stock-market-today-dow-s-p-and-nasdaq-futures-fall-as-alphabet-revives-big-tech-spending-fears ]
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