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Source document· February 3, 2026

Stocks Tumble on AI Disruption Fears

View original at nasdaq.com

Stocks Tumble on AI Disruption Fears The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.84%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.55%…

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Excluding Magnificent Seven megacap technology stocks, Q4 earnings expected to increase by +4.6%
80% confidence
S&P earnings growth expected to climb by +8.4% in Q4, marking tenth consecutive quarter of year-over-year growth
80% confidence
Upgraded FedEx to outperform from market perform with price target of $427
80% confidence
US economic outlook is improving as uncertainty fades, but risks remain with hiring concentrated in a few sectors and inflation still running above the Fed's goal
80% confidence
Google's AI Travel planner poses a risk to booking platforms
80% confidence
Does not project any rate cuts for 2026
80% confidence