Dow Jones Falls Over 600Pts as Tech and Crypto Selloff Drag; FANG+ and Semiconductor Indices Weakest

U.S. equities closed sharply lower on Thursday, February 5, 2026, as a tech-driven selloff spread to cryptocurrencies and metals. The Dow Jones fell 592.58 points, or 1.2%, to 48,908.72; the S&P 500 declined 84.32, or 1.23%, to 6,798.4; and the Nasdaq fell 363.993, or 1.59%, to 22,540.586. The tech-heavy FANG+ and the Philadelphia Semiconductor Indices were among the steepest decliners. Crypto and precious metals also suffered: major cryptocurrencies declined over 10%, Bitcoin fell to $63,000, its 2024 low, erasing gains since the start of Trump’s second term; silver plunged 17% on reports of Chinese selling pressure. Macroeconomic signals of softening labor markets—higher initial claims for unemployment benefits, the lowest nonfarm payroll缺口 since 2020, and the weakest 1月 layoff announcements since 2009—added to the sell-off. Investors await the upcoming nonfarm payrolls report on Wednesday, February 13, for further clarity on trends. Key个股 included Meta up 0.18%, Apple down 0.21%, Alphabet down 0.54%, Microsoft down 4.95%, and Amazon down 4.42%. Semiconductor components were hit hard, with AMD down 3.84%, Broadcom up 0.80%, NVIDIA down 1.33%, Applied Materials up 2.15%, Qualcomm down 8.46%, and Micron up 0.92%. Alphabet announced 2026 capital expenditures of $185 billion, exceeding expectations, while Qualcomm’s weakness followed a forecast below estimates and a guidance cut citing memory chip shortages压抑ing handset sales.