Wall Street indexes drop as Alphabet spending plans and Qualcomm forecast weigh on sentiment

Major U.S. stock indexes fell this morning as investors reacted to Alphabet's capital expenditure plans. Weak forecasts from Qualcomm also pressured the market.

Insights:
Wall Street's main indexes opened lower today, February 5, 2026, as investors reacted to corporate developments that weighed on the broader US stock market. At the market open, the Dow Jones Industrial Average declined by 324.80 points, or 0.66 percent. Simultaneously, the S&P 500 fell 63.21 points, a decrease of 0.92 percent, and the Nasdaq Composite dropped 314.28 points, or 1.36 percent.
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 28, 2026. REUTERS/Brendan McDermid/File Photo
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 28, 2026. REUTERS/Brendan McDermid/File Photo