4:23 PM · 4 February 2026

BREAKING🚨US100 decline extends amid inflationary ISM report and tech stocks sell-off

Nasdaq 100 futures (US100) are down nearly 0.9%, extending yesterday’s selloff. January’s ISM Services print came in slightly above expectations, but the beat was largely driven by a very strong (inflationary) prices component. In contrast, new orders and employment both declined. Earlier, the final S&P Global Services PMI was revised marginally higher versus the preliminary reading.

  • U.S. ISM Services (January): 53.8 (vs 53.5 expected, 54.4 prior)
  • Prices paid: 56.6 (vs 55.0 expected, 54.3 prior)
  • New orders: 53.1 (vs 55.0 expected, 57.9 prior)
  • Employment: 50.3 (vs 51.8 expected, 52.0 prior)

US100 (H1)

While the index briefly ticked higher after the ISM release, selling pressure remains dominant. Beyond Big Tech — with Meta Platforms and Nvidia among today’s decliners — shares of AMD are sharply lower (nearly -14%), Palantir is also down, and the broader tech sector, especially software, is deepening yesterday’s slide. Sell volume is prevailing, and the hourly RSI has fallen toward oversold levels. The pullback from the recent peak is roughly 1,000 points.

Overall, the ISM report does not look supportive for equities. It may reinforce the view among policymakers that inflation risks remain alive, while the “cost” of keeping policy hawkish could increasingly weigh on the labor market and activity in a U.S. economy that is already sending mixed signals.

Source: xStation5

29 September 2026, 4:45 PM

Stock Market Commentary: Trump Signals a Major Drop in Oil Prices. Will U.S. Stocks Surge?

29 September 2026, 3:33 PM

US Open: Nasdaq tries to recover loses 🗽 Fair Isaac shares in panic

29 September 2026, 1:16 PM

Wall Street: Does the S&P 500 Still Have Room to Rise?

29 September 2026, 12:30 PM

AMD Goes Shopping: Is Its $8.2 Billion Investment a Good Move?

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits