Some software companies added to recent losses amid worries that rapidly advancing AI could disrupt industry incumbents. The S&P 500 value index gained for a fifth straight session, while the S&P 500 growth index dropped. Even as the S&P 500 lost ground, seven of the 11 S&P 500 sector indexes rose, led by energy, up 2.25%, followed by a 1.8% gain in materials. Limiting losses in the S&P 500, shares of the drugmaker Eli Lilly rallied about 10% after the company forecast 2026 profit above Wall Street expectations. The S&P 500 posted 93 new highs and 23 new lows; the Nasdaq recorded 218 new highs and 318 new lows.

Source: The Star February 05, 2026 02:30 UTC