Stock Market Today: Nasdaq Sinks As Tech Sell-Off Intensifies; Alphabet Beats Wall Street Forecasts (Live Coverage)

The Dow Jones Industrial Average finished in positive territory Wednesday even as sellers hit the Nasdaq and the S&P 500. Investors scrambled amid a flurry of earnings reports and weaker-than-expected jobs data on the stock market today.

One big earnings loser was Advanced Micro Devices (AMD), but Super Micro Computer (SMCI) soared after its second-quarter report. Meanwhile, AbbVie (ABBV) fell despite an earnings beat but Silicon Labs (SLAB) defied the tech sell-off and soared on deal news. Further, Alphabet (GOOGL) fell after its fourth-quarter earnings report.

				    ↑
					X

This video file cannot be played.(Error Code: 102630)

								Techs Keep Selling Off In Split Market; Bloom Energy, Eli Lilly, Apple In Focus
							

							

								See All Videos
							

						

					
					
						NOW PLAYING
						Techs Keep Selling Off In Split Market; Bloom Energy, Eli Lilly, Apple In Focus

The Dow advanced 260 points on Wednesday, gaining 0.5%. Amgen (AMGN) topped the blue-chip list with a gain of more than 8%, as the stock shot through its buy zone following an earnings beat.

The tech-heavy Nasdaq pared some of its losses but still tumbled 1.5% for the day. It was the second straight session of sharp losses for tech stocks, as the Nasdaq fell further below its 50-day moving average. The S&P 500 lost 0.5%, but managed to hold its 50-day moving average. Small caps on the Russell 2000 turned early gains into losses and finished 0.9% lower.

Among the S&P 500 sectors, energy, materials, consumer staples, health and real estate outperformed, gaining more than 1%. But technology fell more than 1%, along with communications services.

Volume on the New York Stock Exchange and on the Nasdaq was higher compared with the same time on Tuesday. Breadth was positive on the NYSE with advancers outnumbering decliners by more than 4-to-3. On the Nasdaq decliners led by roughly 5-to-3.

The yield on the benchmark 10-year Treasury note was nearly unchanged at 4.27%. In commodities, the West Texas Intermediate futures rose 2% to $64.40 a barrel. Gold headed higher but remained below the key $5,000 level.

Alphabet Beats Earnings

After the close, Alphabet reported earnings of $2.82 per share vs. estimates of $2.63. Sales came in at $113.8 billion, beating views of $111.3 billion.

Shares of the search giant dropped more than 1%, but remained in a buy zone above an entry at 328.83.

Google Lifts Ailing Techs With EPS Beat, Huge AI Spending

3:15 p.m. ET

Stock Market Today: Alphabet In Buy Zone Ahead Of Earnings

Alphabet (GOOGL) fell 2%, losing ground within a buy zone, but managed to remain above its 328.83 entry. The search giant was headed into its fourth-quarter earnings report, scheduled for the market close.

Analysts polled by FactSet see earnings growing 23% to $2.63 per share, an acceleration from the prior quarter. Sales of $111.3 billion would indicate a 16% increase year-over-year.

After a 65% gain in 2025 and an 8% increase in January alone, shares hit an all-time high of 349 on Tuesday before pulling back into buying range.

2:31 p.m. ET

Silicon Labs Vaults On Deal News

In other tech-related news, Silicon Labs (SLAB) vaulted nearly 49%, surging past a buy zone with an entry of 145.78 and up through its profit zone. The wireless connectivity chip designer announced that it is being acquired by Texas Instruments (TXN).

The all-cash deal values Silicon Labs at $231 a share. The deal may come under regulatory scrutiny in China where both companies generate revenue.

Texas Instruments (TXN) dropped nearly 2% and slid below a buy point of 221.69.

1:44 p.m. ET

Stock Market Today: AbbVie Falls

An earnings beat did not help AbbVie (ABBV), which fell more than 4% after posting fourth-quarter results. Earnings of $2.71 per share came in ahead of expectations for $2.65.

Sales of $16.6 billion exceeded views of $16.4 billion. Sales from its drug Humira helped drive growth, while AbbVie’s newer immunology treatments were more or less in line with estimates.

Shares had risen to their 50-day moving average within a base with a buy point of 244.81 amid a four-day winning streak. But the stock fell below that key level on Wednesday before finding support at the 200-day moving average. The stock also ruined its base by undercutting it.

12:47 p.m. ET

Boston Scientific’s Earnings Fallout

Boston Scientific (BSX) took a tumble, falling more than 13% despite delivering an earnings beat for its fourth quarter. The medical products maker reported earnings of 80 cents per share, two cents above estimates while sales of $5.3 billion met views.

But its current-quarter sales growth outlook missed the Wall Street target of 9.8%. Growth in its electrophysiology department also disappointed in the fourth quarter, missing analyst views of 40%.

The stock was among the worst performers on the S&P 500, along with Advanced Micro Devices (AMD), which plummeted more than 17% in early afternoon trades.

11:51 a.m. ET

Uber Stock Falls On Earnings Miss, Weak Outlook

Among those that came up short on earnings was Uber (UBER), sending the stock down 3%. The ride-hail and food-delivery services company posted fourth-quarter earnings of 71 cents per share. That was well below estimates of 85 cents. Bookings, however, grew 22% from the prior year.

Sales of $14.4 billion edged past views of $14.3 billion. Though bookings guidance topped expectations for the current quarter, the earnings outlook of 69 cents per share missed estimates of 81 cents. Shares have been in a downtrend since November and remain stuck below their 50-day moving average.

10:50 a.m. ET

Super Micro Soars

An upside surprise in its earnings report sent Super Micro Computer (SMCI) soaring more than 14% Wednesday morning. Shares retook their downward sloping 50-day moving average after second-quarter earnings came in at 69 cents per share with sales of $12.7 billion. Wall Street expectations sat at 49 cents per share in earnings on $10.4 billion sales.

The artificial intelligence server maker reported a decline in both metrics in its first quarter.

Super Micro was among the best performers in the S&P 500 Wednesday.

10:16 a.m. ET

Stock Market Today: Eli Lilly Soars On Earnings Beat

Obesity drug giant Eli Lilly (LLY) soared more than 7% after the company reported earnings of $7.54 per share on $19.3 billion sales for its fourth quarter. Both beat analyst views of $6.91 in earnings per share on $17.9 billion in sales. The company’s full-year outlook also exceeded expectations.

Shares cleared their 50-day moving average on Wednesday. The stock had fallen 4% on Tuesday after rival Novo Nordisk (NVO) posted its quarterly results and gave a weak 2026 sales and earnings outlook. Novo stock fell nearly 6% Wednesday morning.

Shares of Eli Lilly tested an early entry at 1,095.48.

9:42 a.m. ET

Nasdaq 100 Winners, Losers: T-Mobile, AppLovin, Shopify

Among the Nasdaq 100 stocks, T-Mobile US (TMUS) added 1.5% while GE Healthcare Technologies (GEHC) rallied nearly 5%, making them some of the best performers just after the market open.

Meanwhile, AppLovin (APP) and Shopify (SHOP) sold off more than 13% and 5%, respectively, in morning action.

9:06 a.m. ET

Dow Jones Movers: Apple, Nvidia, Salesforce

Inside the blue chip index, Apple (AAPL) and Merck (MRK) climbed 0.4% and 0.6%, respectively. Apple shares are building a new cup base with a 288.62 buy point.

On the downside, Nvidia (NVDA) and Salesforce (CRM) declined 0.3% and 1.5%, respectively, in premarket trading.

8:38 a.m. ET

Stock Market Today: Jobs Data

Early Wednesday, ADP said that private payrolls rose by just 22,000 in January. Private payrolls were expected up 45,000 in January.

ADP said in its report, “In a lackluster month for hiring, the education and health services sector was a standout, adding 74,000 jobs. Leading the slowdown was manufacturing, which has lost jobs every month since March 2024, professional and business services, and large employers.”

8:15 a.m. ET

AMD Stock Plunges On Earnings

Advanced Micro Devices stock tumbled more than 9% in premarket action Wednesday even after the company beat Wall Street’s targets for its fiscal fourth quarter and guided above estimates for the current period.

The artificial intelligence leader posted an adjusted $1.53 a share on sales of $10.27 billion in the quarter. FactSet had expected earnings of $1.32 a share on sales of $9.67 billion.

AMD stock threatened to breach its key 50-day moving average line.

**Postgame Analysis Of 2025 Stock Picks Increases Chances For Profitable 2026

**

Earnings Movers: Eli Lilly, Lumentum

Other big earnings movers include AbbVie (ABBV), Eli Lilly (LLY), Lumentum (LITE), Uber Technologies (UBER) and Yum Brands (YUM).

AbbVie shares dropped more than 3% in premarket trading, as Eli Lilly stock surged nearly 9%. Lumentum shares soared 14%, but Uber stock skidded nearly 5%. Finally, shares of Yum Brands fell more than 1% in early morning action.

IBD Newsletters

Get exclusive IBD analysis and actionable news daily.

		SIGN UP NOW!

IBD Newsletters

Get exclusive IBD analysis and actionable news daily.

										*   							
								How To Invest								
								
							
						
										*   							
								Market Prep								
								
							
						
										*   							
								Tech Report								

Please enter a valid email address

Please select a newsletter

			GO

Get these newsletters delivered to your inbox & more info about our products & services. Privacy Policy & Terms of Use

		x

Thank You!

You will now receive IBD Newsletters

			ALL DONE!

Something Went Wrong!

Please contact customer service

			CLOSE

Stock Market Today: ADP Jobs Report

ADP’s January employment report is due out at 8:15 a.m. ET Wednesday. Private payrolls are expected up another modest 45,000 in January after a 41,000 rise in December.

ADP’s jobs data is typically seen as a precursor to the Labor Department’s jobs report, but this week that report was delayed due to disruptions in its reporting processes that started with the partial government shutdown last weekend. It’s unclear when the report will be released.

Funds Plow Money Into AppLovin, Broadcom, Google – And This Top 100 Stock

_Be sure to follow Scott Lehtonen on X _at @IBD_SLehtonen for more on growth stocks, the Dow Jone__s Industrial Average and the stock market today.

Please follow VRamakrishnan on X/Twitter for more news on the stock market today.

YOU MAY ALSO LIKE:

Check Out IBD’s New Exposure Levels To Help You Stay In Step With The Market Trend

Top Growth Stocks To Buy And Watch In Today’s Stock Market And Dow Jones

Learn How To Time The Market With IBD’s ETF Market Strategy

Find The Best Long-Term Investments With IBD Long-Term Leaders

Spot Buy Points And Sell Signals With MarketSurge Pattern Recognition