Dow Tumbles Over 400 Points; Bristol Myers Reports Strong Q4 Results

by | Feb 5, 2026 | General

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 400 points on Thursday.

The Dow traded down 0.86% to 49,073.13 while the NASDAQ dipped 1.03% to 22,669.07. The S&P 500 also fell, dropping, 0.91% to 6,820.34.

Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings

Leading and Lagging Sectors

Real estate shares gained by 0.1% on Thursday.

In trading on Thursday, materials stocks fell by 2.2%.

Top Headline

Bristol Myers Squibb & Co. (NYSE:BMY) reported better-than-expected results for the fourth quarter.

The company posted fourth-quarter 2025 revenues of $12.50 billion on Thursday, beating the consensus of $12.281 billion, a 1% increase year over year. Bristol-Myers reported adjusted earnings of $1.26, beating the consensus of $1.11, down 25%, which includes the impacts of acquired IPRD charges and licensing income.

Equities Trading UP
           

  • C3is Inc (NASDAQ:CISS) shares shot up 40% to $2.12 following a Securities and Exchange Commission filing disclosing that Imperial Petroleum Inc. (NASDAQ:IMPP) owns 81.9% of the company.
  • Shares of Polestar Automotive Holding Uk Plc (NASDAQ:PSNY) got a boost, surging 33% to $16.83 after announcing an equity financing of $400 million.
  • SiTime Corp (NASDAQ:SITM) shares were also up, gaining 24% to $432.66 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates. Also, the company announced it acquired Renesas’ timing business.

Equities Trading DOWN

  • Fluence Energy Inc (NASDAQ:FLNC) shares dropped 31% to $20.07 after the company reported mixed first-quarter financial results.
  • Shares of Cerence Inc (NASDAQ:CRNC) were down 32% to $7.32 after the company reported mixed quarterly financial results and issued FY25 adjusted EPS guidance below estimates.
  • Ralliant Corp (NYSE:RAL) was down, falling 29% to $40.00 after the company reported fourth-quarter financial results and issued first-quarter adjusted EPS guidance with its midpoint below estimates. Also, the company issued FY26 adjusted EPS guidance below estimates.

Commodities

In commodity news, oil traded down 2.5% to $63.51 while gold traded down 0.9% at $4,907.60.

Silver traded down 9.4% to $76.455 on Thursday, while copper fell 0.5% to $5.8210.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 1.05%, while Spain’s IBEX 35 Index fell 1.97%. London’s FTSE 100 fell 0.90%, Germany’s DAX slipped 0.46% and France’s CAC 40 fell 0.29% during the session.

Asia Pacific Markets

Asian markets closed mostly lower on Thursday, with Japan’s Nikkei falling 0.88%, Hong Kong’s Hang Seng Index gaining 0.14%, China’s Shanghai Composite declining 0.64% and India’s BSE Sensex falling 0.60%.

Economics

  • U.S. job openings declined by 386,000 to 6.542 million in December, compared to market estimates of 7.2 million.
  • U.S. initial jobless claims increased by 22,000 from the previous week to 231,000 during the last week of January, compared to market estimates of 212,000.
  • U.S. natural-gas stocks declined by 360 billion cubic feet in the week ended Jan. 30.

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