Stock indexes are down sharply today, with the S&P 500, Dow Jones, and Nasdaq 100 all in the red. Technology stocks, like Qualcomm and Alphabet, are leading the decline due to weaker revenue forecasts. Signs of weakness in the US labor market are also contributing to the sell-off.

Bitcoin is down over 7% to a 1.25-year low as negative momentum spreads across cryptocurrencies. Inflows into US spot Bitcoin ETFs have reversed, with billions pulled out over the past few months. The market is focusing on earnings and economic news, with 150 S&P 500 companies reporting this week.

Interest rates are up for March 10-year T-notes as stock slumps boost safe-haven demand. European government bond yields are lower, while Eurozone retail sales fell and German factory orders unexpectedly rose. The ECB and BOE kept rates steady, with swaps indicating no rate hike for the ECB next meeting.

Stock movers include technology companies like Qualcomm and Alphabet, as well as cryptocurrency-exposed stocks like Strategy and MARA Holdings. Fluence Energy, Estee Lauder, and IQVIA Holdings are among the top losers today, while McKesson Corp and Corpay are leading gainers. Earnings reports for various companies are scheduled for February 5, 2026.

Read more at Nasdaq: Stocks Retreat as Tech Stocks Fall and the US Labor Market Weakens