U.S. Stocks Drop on Tech Sector Weakness: Nasdaq-100 -1.8% on Feb 5

U.S. stocks closed sharply lower on February 5 as weakness in the technology sector dragged broader indices. The Nasdaq-100 fell 1.8% (-1.8%) to 14,523.50, while the S&P 500 declined 0.9% (-0.9%) to 4,672.38. The Dow Jones Industrial Average lost 0.7% (-0.7%) to 38,946.50. Tech-heavy indices led the decline, with major tech stocks posting double-digit percentage declines. The Federal Reserve's upcoming policy meeting on February 6 is expected to focus on maintaining accommodative monetary conditions, adding uncertainty to the outlook.