Wednesday, February 4, 2026

SPX, NDX Closed Lower, DJI Closed Higher...AMD Led Tech Stocks Lower on a Negative EPS Reaction...


© 2026


SPX -35.09, 6,882, opened flat, trended lower afternoon rally of 40 points reduced draw-down on Wednesday.  Breadth remained negative but advancers increased on the NYSE exchange.

AMD -17.31% on negative earnings reaction after revenue and earnings beat. 

SPX leaders: SMCI, FTV, LLY, ODFL, CDW, SW, AMGN, AMCR, MGM, J, URI, LYB.
SPX decliners: BSX, AMD, APP, SNDK, PLTR, APH, MU, LRCX, COR, HOOD, WDC.

SPY traded above average volume of 105.2 million shares on Wednesday.
VIX +0.64, at 18.64
NDX -1.77%, close below 3-week support.
DJI, 49,240, +0.53%, white spinning top.


Mega caps LLY, AAPL, BRK/B, MSFT rose and GOOGL, AMZN, TSM, META, NVDA, TSLA, AVGO fell on Wednesday.


Up: DIA,
Down: SPY, IWM, QQQ,

The SPY MFC green line turned down at 72.8, and the in-range price-action is short-term bullish. -9 

Seven of eleven sectors were higher on Wednesday led by XLB, XLE and XLRE. 


51 of 100 NDX stocks closed higher on Wednesday.

48 NDX stocks are above their 30 DMA: MNST, PCAR, ADI, WDC, TXN, DXCM, ODFL, BKNG, MCHP, CMCSA, LIN, HON, LRCX, MU, ASML, GOOGL, INTC, MPWR, STX, BKR, SBUX, COST, FAST, AEP, MDLZ, ORLY, AMGN, GILD, FANG, FER, VRTX, CSX, META, CSCO, PEP, CCEP, ROST, CHTR, TMUS, MAR, KDP, KHC, XEL, AZN, CPRT, CTAS, FTNT, REGN,

NDX Stocks to Watch on Thursday:
Moving Above 30 DMA = 5
AZN, CPRT, CTAS, FTNT, REGN,


Moving Below 30 DMA = 4
AMAT, AMD, AMZN, EXC,



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