Global equities tumble as AI spending worries and weak US labor data hit sentiment
Global markets fell today as investors worried about high AI costs and weak US labor data. Silver and oil prices also saw significant declines globally.
Insights:
Global equity indices and US 
US Treasury yields declined on February 5, 2026, as market participants grappled with weak US US labor-market indicators and a significant increase in projected technology spending. The primary catalyst for the shift was an announcement from Alphabet Inc. , the parent company of Google, which revealed a 2026 capital expenditure plan totaling up to $185 billion. This figure is roughly 55% higher than what analysts had anticipated, sparking a sector-level reassessment of the costs associated with artificial intelligence and infrastructure.
US Treasury yields declined on February 5, 2026, as market participants grappled with weak US US labor-market indicators and a significant increase in projected technology spending. The primary catalyst for the shift was an announcement from Alphabet Inc. , the parent company of Google, which revealed a 2026 capital expenditure plan totaling up to $185 billion. This figure is roughly 55% higher than what analysts had anticipated, sparking a sector-level reassessment of the costs associated with artificial intelligence and infrastructure.
