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News articleNasdaq· February 3, 2026
Software Stocks Retreat and Drag the Broader Market Lower
View original at nasdaq.comSoftware Stocks Retreat and Drag the Broader Market Lower The S&P 500 Index ($SPX) (SPY) today is down -0.35%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.94%…
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Excluding the Magnificent Seven megacap technology stocks, Q4 earnings expected to increase by 4.6%
80% confidenceFedEx stock upgraded to outperform from market perform with price target of $427
80% confidenceS&P earnings growth expected to climb by 8.4% in Q4, marking the tenth consecutive quarter of year-over-year growth
80% confidenceUS economic outlook is improving as uncertainty fades, but risks remain with hiring concentrated in a few sectors and inflation still running above the Fed's goal
80% confidenceNo rate cuts projected for 2026
80% confidence
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