US stocks open mixed as tech-led slide continues

Dow rises, S&P 500 and Nasdaq fall as investors await Alphabet earnings for AI insights

Feb. 4, 2026 at 8:55am

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US stocks opened in a mixed fashion on Wednesday as Wall Street looked to steady after a tech-led slide, with investors awaiting Alphabet's earnings report for clues on the company's AI strategy. The blue-chip Dow Jones Industrial Average rose around 0.5%, while the S&P 500 hovered just above the flatline and the tech-heavy Nasdaq Composite fell roughly 0.6% after tech stocks bore the brunt of the selling on Tuesday.

Why it matters

Wall Street is trying to find its footing after AI disruption fears fueled a rush out of software stocks, leading to a deep global sell-off. The spotlight is on Alphabet and Arm Holdings' results on Wednesday, with a focus on AI demand, as the countdown begins for Amazon's quarterly report on Thursday.

The details

The blue-chip Dow Jones Industrial Average (^DJI) turned higher, picking up roughly 0.5%. The S&P 500 (^GSPC) slipped just below the flatline, while the Nasdaq Composite (^IXIC) fell roughly 0.6% after tech stocks bore the brunt of the selling on Tuesday. The market is awaiting Alphabet (GOOG, GOOGL) and Arm Holdings (ARM) results on Wednesday, with investors looking for signs of growing or shrinking AI demand. Those results will be followed by Amazon's (AMZN) quarterly release on Thursday.

  • US stocks opened on Wednesday morning.

The players

Dow Jones Industrial Average

The blue-chip stock market index that tracks 30 large U.S. publicly traded companies.

S&P 500

A stock market index that tracks the 500 largest U.S. publicly traded companies.

Nasdaq Composite

A stock market index that includes over 3,000 stocks listed on the Nasdaq stock exchange, including many technology companies.

Alphabet

The parent company of Google, a major technology conglomerate.

Arm Holdings

A semiconductor and software design company that licenses chip designs to other companies.

Amazon

A major e-commerce and technology company.

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The takeaway

Wall Street is closely watching the tech sector, especially major companies like Alphabet and Amazon, for signs of how the AI boom is impacting their businesses and the broader market.