Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Jan. 28, 2026. <\/p>\n
Michael Nagle | Bloomberg | Getty Images<\/p>\n
Futures tied to the S&P 500 were near the flatline Tuesday night after traders’ rotation out of tech names dragged the broad market index to a losing session.<\/p>\n
S&P 500 futures<\/a> were up less than 0.1%, while Nasdaq 100 futures<\/a> were down less than 0.1%. Futures tied to the Dow Jones Industrial Average<\/a> added 33 points, or less than 0.1%.<\/p>\n In the extended session, Chipotle<\/a> shares fell nearly 6% after the restaurant chain reported falling traffic for the fourth straight quarter<\/a> and projected flat same-store sales growth for 2026. Advanced Micro Devices<\/a> shares dropped 8% after its first-quarter forecast<\/a> underwhelmed some analysts. <\/p>\n Major U.S. stock averages sold off during the previous session as investors gravitated out of riskier growth names and toward cyclical stocks like Walmart<\/a>. The S&P 500 lost about 0.8%, while the tech-heavy Nasdaq Composite<\/a> declined 1.4%. The 30-stock Dow <\/a>shed nearly 167 points, or 0.3%, after hitting a fresh record earlier in the day. <\/p>\n In the regular session, Nvidia<\/a> and Microsoft<\/a> each lost more than 2%. Big-name artificial intelligence infrastructure names Broadcom<\/a>, Oracle<\/a> and Micron Technology<\/a> also closed in the red. Software stocks also slid, with ServiceNow<\/a> and Salesforce<\/a> dropping nearly 7%. The tech sector was the worst performer in the S&P 500, down more than 2%.<\/p>\n Private credit stocks, including\u00a0Blue Owl<\/a> and TPG<\/a>, declined on fears over artificial intelligence disrupting the software industry<\/a>.<\/p>\n “I think you have a number of cross-currents that are impacting the markets all at once,” Joe Tanious, chief investment strategist, North America, at Northern Trust Asset Management, said Tuesday on CNBC’s “Power Lunch”<\/a> about the broader market decline. “On the other hand, I still believe the underlying fundamentals are still there.”<\/p>\n “Now, markets are starting to be a bit more particular and nuanced with respect to which companies they want to have exposure to,” he said. “Let’s also not forget that after a three-year rally in the markets where you’ve seen these double-digit returns, valuations start to get a little stretched. It’s not going to take a whole lot to sort of poke that bear and see markets capitulate, a bit like what we’re seeing right now.” <\/p>\n A busy earnings week is underway, with\u00a0Alphabet<\/a> slated to report results on Wednesday and Amazon<\/a>\u00a0due Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday,…\n","protected":false},"author":3,"featured_media":564554,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[9203,3453,133,148,64,81,51323,91320,239877,135,3747,7070,14229,91322,143,147,25608,91321,145,6941,51320,134,67,132,68,29218],"class_list":{"0":"post-564553","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-advanced-micro-devices-inc","9":"tag-amazon-com-inc","10":"tag-breaking-news-markets","11":"tag-broadcom-inc","12":"tag-business","13":"tag-business-news","14":"tag-chipotle-mexican-grill-inc","15":"tag-dow-jones-fut-sep25","16":"tag-ishares-north-american-tech-software-etf","17":"tag-markets","18":"tag-meta-platforms-inc","19":"tag-micron-technology-inc","20":"tag-microsoft-corp","21":"tag-nasdaq-100-fut-sep25","22":"tag-nasdaq-composite","23":"tag-nvidia-corp","24":"tag-oracle-corp","25":"tag-sp-500-fut-sep25","26":"tag-sp-500-index","27":"tag-salesforce-inc","28":"tag-servicenow-inc","29":"tag-stock-markets","30":"tag-united-states","31":"tag-unitedstates","32":"tag-us","33":"tag-walmart-inc"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116009757790615527","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/564553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=564553"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/564553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/564554"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=564553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=564553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=564553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}