---
title: "Tech Weakness Drags on Nasdaq (-1.20%), Dow Jones Down 0.24%"
canonical_url: https://www.stockexpertai.com/journal/2026-02-01/tech-weakness-drags-on-nasdaq-120-dow-jones-down-024
last_updated: 2026-02-01T06:06:05.749Z
section: "Market Pulse"
author: "Reese Nakamura"
publisher: Stock Expert AI
tickers: MA, V, HMYB
content_type: journal-article
---

# Tech Weakness Drags on Nasdaq (-1.20%), Dow Jones Down 0.24%

## The Take
- Stay diversified and monitor sector-specific headwinds, as financial stocks face pressure amid broader market fatigue.

_Major indices see modest declines amid mixed sector performance. Financial stocks face headwinds._

The global macro picture is shifting. Market indices experienced a mixed session, with the Nasdaq Composite leading the decline at -1.20%. The Dow Jones Industrial Average also edged lower, down 0.24%, while the S&P 500 saw a smaller decrease of 0.30%. The Russell 2000 underperformed, falling by 1.41%.

Concerns surrounding consumer spending and potential caps on credit card fees continue to weigh on financial stocks, specifically Mastercard (MA), which fell 0.91% to $538.79, and Visa (V), which dropped 3.00% to $321.83. These declines contributed to the overall market's tepid performance, offsetting gains in other sectors.

Despite the day's overall negative trend, certain sectors exhibited resilience. News that Tether logged $10B profits in 2025 may be providing some lift to the cryptocurrency market and related technology plays. However, the major indices continue to show signs of fatigue after hitting all-time highs recently. The SPY ETF closed at $691.97 and DIA at $489.03.

Macro regimes don't change overnight—but when they do, it matters. Investors should monitor upcoming economic data releases and geopolitical developments to assess the evolving market landscape.

## Related Tickers
- [MA](https://www.stockexpertai.com/stock/ma)
- [V](https://www.stockexpertai.com/stock/v)
- [HMYB](https://www.stockexpertai.com/stock/hmyb)

## Frequently Asked Questions

### Why did the Nasdaq and Dow Jones fall today?
The Nasdaq declined due to weakness in the tech sector, while the Dow Jones experienced a modest decrease. Concerns about consumer spending and potential credit card fee caps weighed on financial stocks like Mastercard and Visa, contributing to the overall market's mixed performance. The Russell 2000 also underperformed.

### What factors are impacting financial stocks?
Financial stocks are facing headwinds due to concerns regarding consumer spending and potential caps on credit card fees. This is directly impacting companies like Mastercard (MA) and Visa (V), which saw significant drops in their stock prices. Investors should monitor these developments closely.

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_AI-generated under human editorial supervision. Educational research, not financial advice._