Stock Market Update Thursday February 5, 2026
- Feb 5
- 2 min read
Stock Market Update Thursday February 5, 2026 Selling pressure accelerated today, extending the recent drawdown. The familiar themes remained intact, led by continued weakness in tech, but with renewed macro concerns adding to the pressure. From a sector perspective, it was another rough session for tech, software, and SaaS, as the AI-related unwind pressed on. More notably, areas that had been providing support to the S&P 500 such as energy, industrials, and materials rolled over as economic worries resurfaced and broadened the selloff.
After the close, earnings reactions were mixed. Amazon is trading roughly 8% lower, in line with its implied move. Roblox is higher by about 20%. MicroStrategy, which fell 17% during the regular session, is down an additional 4% post-earnings and is now off more than 75% from last summer’s highs.
Score Board:
SPY - 1.25%
QQQ - 1.44%
IWM - 1.80%
Away From Stocks: Treasuries finally caught a bid. The curve rallied, with 2-year and 30-year yields settling at 3.47% and 4.85%, down 10 and 6 basis points, respectively. Commodities were under pressure, with WTI crude sliding to $63 per barrel and gold easing to $4,811 per ounce. Bitcoin was hit hard, falling 13% to $63,200, while the VIX jumped three points to 21.
Our investment approach is disciplined and long-only. We do not engage in short selling. In our long-term portfolio, we focus exclusively on high-quality companies with a demonstrated history of operational excellence and consistent shareholder value creation. However, in our short-term speculative portfolio, some stocks we post may be driven by other factors, such as notable options flow, proprietary algorithms and seasonality. We rely on our proprietary algorithms to identify high-probability entry points, whether to initiate new positions or to strategically add to existing holdings.
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