economy
February 5, 2026
Good news in a sea of pain sends 2 non-tech stocks higher in Thursday's down market
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- S&P 500 and Nasdaq declined for the third straight session.
- Investors rotated out of tech and into safer assets like bonds.
- Bristol Myers Squibb and Procter & Gamble were gainers in the CNBC Investing Club portfolio.
- Salesforce and other enterprise software stocks continued to be negatively impacted.
- Alphabet shares recovered from lows after a strong earnings report.
- Boeing shares increased on potential large jet orders from Saudi Arabia.
- Costco reported strong January sales growth, exceeding expectations.
- Amazon and Fortinet are set to release earnings, with potential impact on related stocks like Palo Alto Networks and CrowdStrike.
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