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Full article on Yahoo Finance
Stocks Slide. Tech Selloff Enters Its Third Day.
Market Intelligence Analysis
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Why This Matters
The stock market experienced a decline, with the Nasdaq Composite falling 1.7%, amidst a tech selloff entering its third day. This downturn is partly attributed to a significant number of job cuts announced by U.S. employers in January, the highest in the first month of a year since 2009. Market sentiment remains cautious.
Market Impact
Market impact analysis based on bearish sentiment with 85% confidence.
Sentiment
Bearish
AI Confidence
85%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The Nasdaq Composite dropped 1.7%. Outplacement firm Challenger, Gray & Christmas said U.S. employers announced 108,435 job cuts in January, which was the most in the first month of a year since 2009. “Bottom line, the pace of firing’s has remained low but it’s hard to ignore the Challenger data,” writes Peter Boockvar, chief investment officer at One Point BFG Wealth Partners.
Original article published by
Yahoo Finance
on February 5, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.