Stock Market Today, Feb. 5: S&P, Nasdaq fall after layoff data surprise; Alphabet details overspending
AmazonAmazon(US:AMZN) Yahoo Finance·2026-02-05 18:23

Market Performance - U.S. stocks have experienced three consecutive down days, with the market closing lower [1] - The Russell 2000 index fell nearly 2%, finishing down 1.8%, marking the worst performance among major U.S. equity benchmarks [2] - Other indices also declined, with the Nasdaq down 1.59%, S&P 500 down 1.23%, and Dow down 1.2% [2] Company Earnings - Amazon reported disappointing earnings, indicating a significant increase in capital expenditures for the year, similar to trends seen in Microsoft and Alphabet [3] - Following the earnings report, Amazon's stock dropped more than 10% in after-hours trading [3] Cryptocurrency Market - Bitcoin has seen a drastic decline, losing 25% of its value over the past week and dropping 13% in the last 24 hours, settling around $63,000 [4] - Ethereum has also fallen below the $2,000 support level, currently at $1,847 [4] - Publicly traded treasury companies and bitcoin miners are facing severe challenges, with Strategy reporting a $12.4 billion quarterly loss in Q4 [5] Commodity Market - Silver prices have crashed over 19%, currently trading at $72 [6]