FTSE 100 ends lower after record intraday high as AI concerns hit technology stocks
The FTSE 100 pulled back from an all-time high on Tuesday as an AI-driven sell-off in technology stocks outweighed strong gains across the mining sector.
Insights:
The FTSE 100 closed down 0.26% on Feb. 3, 2026, after hitting an all-time high of 10,373.28 points during the session in the United Kingdom 
GB. This reversal occurred as an accelerated sell-off in European software and data-analytics firms outweighed gains in the mining sector. The domestically focused mid-cap index FTSE 250 also finished lower, dropping 0.6% on the day.
GB. This reversal occurred as an accelerated sell-off in European software and data-analytics firms outweighed gains in the mining sector. The domestically focused mid-cap index FTSE 250 also finished lower, dropping 0.6% on the day.The technology index dropped 11.8% as updated artificial intelligence models raised doubts among investors about the ability of established firms to defend their business models. Within this sector, RELX PLC slid 15% during the session, while London Stock Exchange Group plc fell 12.7%. Other parts of the market also faced pressure, as the investment banking index was down 1.5% and the retail index fell 2.6%.
