Fears of massive capital spending on AI infrastructure (e.g., by companies like Amazon) weighing on profitability and valuations, plus disruption risks to software/enterprise sectors from advancing AI tools.
Bitcoin dropped sharply (to around $60,000 at one point, a 16-month low) before rebounding above $70,000 on Friday, February 6. This dragged crypto-levered stocks (e.g., Coinbase, Robinhood) and contributed to broader risk-off sentiment.
Heavy selling in momentum/tech names, with some calling it a "repricing" or "reset" in AI-exposed and software stocks. Nasdaq underperformed, while value/cyclical/small-cap areas rotated in positively.
Lingering effects from precious metals volatility (e.g., silver surge then crash), term premium rises earlier, geopolitical strains (U.S.-Iran, tariffs), and liquidity tightening signals (e.g., potential Fed QT under possible new leadership like Kevin Warsh nomination).
Dow Jones: Closed above 50,000 for the first time (up ~2.47%, +1,207 points to ~50,116).
S&P 500: Up ~1.97% to ~6,932.
Nasdaq: Up ~2.18% to ~23,031.
Tech rebound (e.g., Nvidia/chipmakers strong), risk sentiment improved, bonds sold off slightly (yields up modestly).
Volatility eased (VIX lower), and Fear & Greed Index likely shifted toward more neutral/greedy territory after earlier stress. Financial stress indices (e.g., OFR FSI) were in below-average territory recently.$BNB ,$BTC ,$ETH 
