---
title: "Tech Weakness Drags on Nasdaq, SPY Down 0.85%"
canonical_url: https://www.stockexpertai.com/journal/2026-02-04/tech-weakness-drags-on-nasdaq-spy-down-085
last_updated: 2026-02-04T12:07:03.034Z
section: "Market Pulse"
author: "Reese Nakamura"
publisher: Stock Expert AI
tickers: BSX, EFX, CVEO, GIB
content_type: journal-article
---

# Tech Weakness Drags on Nasdaq, SPY Down 0.85%

## The Take
- Monitor individual stock performance relative to broader index movements to identify opportunities amidst sector-specific headwinds and tailwinds.

_Indices mixed as earnings and acquisitions drive individual stock movements._

The global macro picture is shifting. U.S. equities presented a mixed performance today, with the SPY declining 0.85% amid weakness in the technology sector. The QQQ followed suit, dropping 1.54%. The DIA showed a modest decrease of 0.35%. Bucking the trend, the IWM managed a slight gain of 0.23%.

Individual stocks saw significant movement based on company-specific news. Boston Scientific (BSX) shares decreased slightly by 0.27% after announcing strong Q4 results. Equifax (EFX) experienced a significant drop, falling 12.11% despite reporting Q4 revenue growth, as weaker U.S. hiring and mortgage markets weighed on investor sentiment. Civeo (CVEO) remained unchanged at +0.00% following the announcement of a four-year integrated services contract. CGI (GIB) shares declined 8.05% despite announcing an agreement to acquire Stratfield Consulting, a move intended to strengthen its presence in the Atlanta market.

The crypto market showed signs of stabilization after a recent selloff, with Bitcoin and Ether rebounding from multiyear lows. Derivatives traders are also reducing risk exposure, contributing to the more stable environment.

Macro regimes don't change overnight—but when they do, it matters.

## Related Tickers
- [BSX](https://www.stockexpertai.com/stock/bsx)
- [EFX](https://www.stockexpertai.com/stock/efx)
- [CVEO](https://www.stockexpertai.com/stock/cveo)
- [GIB](https://www.stockexpertai.com/stock/gib)

## Frequently Asked Questions

### Why did the SPY decline today?
The SPY declined due to weakness in the technology sector. The QQQ also fell, while the DIA saw a modest decrease. Individual stock performance varied based on company-specific news, with some stocks experiencing significant drops despite positive earnings reports or acquisitions.

### How are individual stocks like BSX and EFX performing?
Boston Scientific (BSX) shares decreased slightly after strong Q4 results. Equifax (EFX) experienced a significant drop despite revenue growth, impacted by weaker U.S. hiring and mortgage markets. Civeo (CVEO) remained unchanged, and CGI (GIB) declined following an acquisition announcement.

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