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.