RTTNews·2026-02-05 15:59Market Overview - Major stock indices have experienced significant declines, with the Nasdaq dropping to its lowest intraday level in over two months [1] - The Nasdaq is down 356.26 points (1.6%) at 22,548.32, the S&P 500 is down 86.37 points (1.3%) at 6,796.35, and the Dow is down 592.87 points (1.2%) at 48,908.43 [2] Company-Specific News - Alphabet's shares fell by 4.9% after reporting better-than-expected fourth-quarter results but forecasting a sharp increase in capital spending for 2026 [3] - Qualcomm's stock plunged by 7.5% following fiscal first-quarter earnings that exceeded estimates but provided disappointing guidance for the current quarter [3] Economic Indicators - First-time claims for U.S. unemployment benefits rose to 231,000, an increase of 22,000 from the previous week's level of 209,000, exceeding economists' expectations of 212,000 [4][5] - Job openings in the U.S. unexpectedly decreased to their lowest level in over five years in December [5] Sector Performance - Gold stocks and computer hardware stocks have seen significant declines, with the NYSE Arca Computer Hardware Index dropping by 5.7% [7] - Energy stocks are also under pressure due to a steep drop in crude oil prices, with the Philadelphia Oil Service Index and NYSE Arca Oil Index tumbling by 3.9% and 2.4%, respectively [8]