ET 01:52

Opening Futures Mixed: GOOG, QCOM, and Crypto Weigh on Tech; AMZN, BTC-USD Watched

Dow Jones Industrial Average (YM=F) futures opened 0.1% lower; S&P 500 (ES=F) futures near flat; Nasdaq 100 (NQ=F) futures up 0.2% on Thursday, Feb 5. Alphabet (GOOG) shares fell over 1% after reporting plans to increase AI spending to $185 billion in 2026, supporting broader tech resilience for Nvidia (NVDA) and Broadcom (AVGO). Qualcomm (QCOM) shares dropped nearly 9% following a softer-than-expected forecast amid global memory shortages. Software peers faced pressure as concerns over AI-driven disruption grew. Crypto markets extended a 13% five-day decline to about $73,000 for BTC-USD after Treasury Secretary Scott Bessent stated the government will not bail out bitcoin. Key focus remains on Amazon (AMZN) earnings and morning weekly jobless claims for labor market insight.

EditorWong Mei Ling