Market recap (Feb 3, 2026): U.S. equities fell as a broad tech selloff weighed on indexes—Nasdaq about -1.9%, S&P 500 roughly -1.1%, Dow around -0.5%. The slide was led by mega-cap/software names, while precious metals rebounded sharply. ([apnews.com](https://apnews.com/article/604eb66eac5e7aab8a02790491ffa459?utm_source=openai))
Palantir rallied after a record quarter and strong 2026 guidance driven by AI demand across commercial and U.S. government customers. ([marketwatch.com](https://www.marketwatch.com/story/palantirs-stock-surges-as-ai-demand-drives-another-record-quarter-deb6b082?utm_source=openai))
PepsiCo beat earnings and outlined snack price cuts and a larger capital return program, lifting shares. ([barrons.com](https://www.barrons.com/articles/pepsico-earnings-stock-price-866648b1?utm_source=openai))
Teradyne jumped on a big earnings beat and upbeat AI‑related semi test outlook. ([barrons.com](https://www.barrons.com/articles/teradyne-earnings-stock-price-47c15718?utm_source=openai))
FedEx gained on a Wells Fargo upgrade ahead of its investor day. ([barrons.com](https://www.barrons.com/articles/fedex-stock-upgrade-analyst-day-67b91212?utm_source=openai))