Good news in a sea of pain sends 2 non-tech stocks higher in Thursday's down market
CNBC·2026-02-05 19:52

Market Overview - The S&P 500 and Nasdaq experienced declines for the third consecutive session, with the S&P 500 down 1% and the Nasdaq down 1.4%, putting both indices in negative territory year-to-date [1][1] - Bitcoin and silver prices fell significantly, while investors shifted towards bonds for safety [1] Company Performances - Bristol Myers Squibb reported strong earnings, leading to a nearly 3.5% increase in its stock [1] - Procter & Gamble also saw a gain of 1% during the session [1] - Salesforce's stock dropped 4.5% amid concerns that AI tools could replace enterprise software solutions [1] - Alphabet shares were down more than 1.5% but recovered from earlier lows after reporting strong cloud growth and AI investments [1] Boeing and Airbus Developments - Boeing shares rose nearly 2% following reports of talks with Saudi Arabia's flagship carrier for a potential record-breaking order of at least 150 jets [1] - Citi analysts have a bullish outlook on Boeing, citing improved deliveries and reiterating a buy rating [1] - Jefferies forecasted potential new orders from China for Boeing, linked to trade negotiations [1] Costco Sales Growth - Costco's stock advanced more than 1%, contributing to a 15% gain year-to-date after reporting a 6.4% increase in core comparable sales for January, surpassing the consensus of 5.1% [1] - The growth was driven by strong sales in non-food items and favorable weather conditions [1] Upcoming Earnings Reports - Amazon is set to release earnings, with expectations on how it will leverage AI to enhance its business [1] - Fortinet's earnings release could impact related cybersecurity stocks like Palo Alto Networks and CrowdStrike, which have been affected by the enterprise software downturn [1]

Alphabet-Good news in a sea of pain sends 2 non-tech stocks higher in Thursday's down market - Reportify