Software stocks are taking it on the chin again on Wednesday.
The iShares Expanded Tech-Software Sector ETF was down another 3% as the software sector faced selling pressure for a second straight session.
The decline comes after a particularly brutal sell-off on Tuesday as investors panicked about Anthropic’s new AI tool,
» Read more about: The brutal wipeout in software stocks is getting even worse, in 3 charts »
Traders focused on AMD after its earnings report and forecast triggered a sharp selloff. The reaction reflected concern that the company is not making the AI inroads some investors expected. The move hit sentiment across semiconductors, where positioning has been crowded during the AI buildout.
Volatility stayed elevated but contained.
US stocks continued a free-fall Wednesday as Wall Street assessed a fresh wave of earnings and waited for Alphabet (GOOG, GOOGL) results, eyeing the fallout from an AI-stoked slump in software and tech stocks.
The S&P 500 (^GSPC) slid over 1%,
The recent rout in tech stocks has sent many investors running for cover, but not everyone is retreating.
“As a trader and/or investor, it doesn’t matter,” Tom Sosnoff, founder of Tastytrade and current CEO of Lossdog, told Yahoo Finance’s Opening Bid. “That’s where you want to jump in.”
Sosnoff argued that when intense selling pressure arrives alongside spiked volatility,
Per the Social Security Administration’s official payment calendar, January’s benefits were sent out last month, across five separate distribution dates. Now we can take a look at the payment schedule for February.
US-based electric vehicle maker Tesla’s stock price dropped more than 5% during the intraday trading session on Wednesday, 4 February 2026, after the company’s sales in the United Kingdom (UK) plunged more than 57% on a year-on-year (YoY) basis in January 2026.
Tesla stock dropped 5.1% to $400.40 during Wednesday’s trading session on Wednesday,
Anthropic just launched a new AI tool that could replace dozens of software tools. And Wall Street is panicked.
Claude Cowork is meant to be like an AI colleague, with the ability to read files, organize folders and draft documents on your behalf.
» Read more about: Anthropic’s new AI tool sends shudders through software stocks »
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A sudden market downturn can deliver a serious blow to your portfolio. It could be devastating to see your assets diminish.
But it’s important to note that panicking would most likely make it worse. Staying invested and diversified should help you weather market storms in the long run.
» Read more about: 6 Monthly Dividend ETFs That Won’t Collapse in a Down Market »
US stocks continued a free-fall Wednesday as Wall Street assessed a fresh wave of earnings and waited for Alphabet (GOOG, GOOGL) results, eyeing the fallout from an AI-stoked slump in software and tech stocks.
The S&P 500 (^GSPC) slid over 1%,
Is the market for artificial intelligence (AI) services past its expiration date? The jury is still out on that topic, but recently reported results from Palantir Technologies (NASDAQ:PLTR) suggest that the AI frenzy is far from over.
Lately, PLTR stock has been considered one of the best AI stocks to own now.
» Read more about: Will Palantir (PLTR) Stock Hit $200 in 2026? »
