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📉 TL;DR — What Moved, What Didn’t
Tech got punched again. A global software-and-services slide has erased nearly $1T in market value since Jan 28, and it’s dragging the Nasdaq 100 lower. The catalyst: messy tech earnings and fresh anxiety that new AI tools could squeeze software pricing. AMD’s weak sales outlook didn’t help.
The S&P 500 is down week-to-date, but most stocks inside it are holding up—rotation into industrials, energy, and healthcare is keeping the Dow positive. Bitcoin slid as risk appetite softened. Gold jumped as a safety blanket, and the U.S. dollar firmed. One extra spark: Anthropic’s new AI legal tool re-ignited “AI vs software” fears, hitting data and legal-tech names and adding to the tech wobble.
Quick Levels → Week-to-date change
S&P 500: 6,882.71 | ↓0.81% Nasdaq 100: 24,891.24 | ↓2.59% Dow: 49,501.31 | ↑1.25% Russell 2000: 2,624.55 | ↑0.41% | Gold/oz: $4,924 | ↑0.58% Silver/oz: $80.75 | ↓5.21% Bitcoin (BTC): $71,248 | ↓7.37% U.S. Dollar Index (DXY): 97.64 | ↑0.51% |
🚀 Top Movers This Week
Source: AMD
Westlake Corporation (WLK) ↑21.03% — Broke above its 200-day moving average*; momentum and upgrades fueled a sharp squeeze.
FedEx Corporation (FDX) ↑12.50% — Analyst upgrades ahead of investor day, plus AI and freight spinoff buzz, lifted shares.
Marathon Petroleum (MPC) ↑11.20% — Q4 profit beat on strong refining margins; company highlighted new Gulf Coast projects and buybacks.
Southwest Airlines (LUV) ↑10.67% — Assigned seating and new fees plan raised profit hopes; stock hit highs.
Eli Lilly (LLY) ↑6.75% — Zepbound and Mounjaro sales surged; 2026 outlook raised after a big beat.
AMD (AMD) ↓15.44% — Earnings beat, but weaker revenue outlook and AI-chip competition fears pushed the stock sharply lower.