Market Recap-2/3/26—Software Carnage

MARKET RECAP – 2/3/26U.S. stocks sold off sharply today as software names got obliterated by AI disruption fears, triggering the sector’s worst single-day selloff in years and dragging tech giants lower with them. The release of Anthropic’s Claude 5 AI model with advanced legal automation capabilities sparked panic across data services, enterprise software, and related sectors — reinforcing the view that AI may displace traditional software subscriptions faster than anyone expected.The S&P 500 fell 0.84% to ...