Stock Market Update
04-Feb-26 14:30 ET
S&P 500 falls 0.7% as AppLovin, Boston Scientific, and Amphenol drag; FTV rises on strong earnings
Dow +96.91
at 49336.69,
Nasdaq -424.53
at 22830.68,
S&P -47.25
at 6870.55
[BRIEFING.COM] The S&P 500 (-0.68%) is in second place on Wednesday afternoon, down about 47 points.
Briefly, S&P 500 constituents AppLovin (APP 384.45, -77.34, -16.75%), Boston Scientific (BSX 78.15, -13.47, -14.70%), and Amphenol (APH 130.47, -16.59, -11.28%) dot the bottom of the average. APP leads losses as investors fear credible AI-driven disruption to the mobile ad stack could erode AppLovin's core monetization moat, with the selloff amplified by crowded positioning and a broader software risk-off move, with BSX sliding despite beating Q4 EPS and revenue, as investors reacted to cautious FY26 guidance that slightly misses consensus and signals slower-than-expected near-term growth.
Meanwhile, Fortive (FTV 60.84, +6.49, +11.94%) is atop the standings after beating Q4 EPS and revenue expectations and issuing FY26 guidance above consensus, with strong execution, accelerating growth, and significant share buybacks boosting investor confidence.
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