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Informist, Wednesday, Feb. 4, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices end lower Tue; Walmart emerges as $1-trillion co 

 

MUMBAI--0744 IST--Equity indices in the US ended lower on Tuesday, with the tech-laden Nasdaq Composite ending over 1% lower. Shares of Palantir surged 7% during the session after the company's results beat expectations.

 

Walmart emerged as the first brick-and-mortar retailer to hit a valuation of $1 trillion, Reuters reported. This was after the stock rose due to growth in the digital business and acquisition of new customers, CNBC reported. Shares of the company ended nearly 3% higher on the tech-heavy index Tuesday.

 

Artificial intelligence companies NVIDIA and Microsoft ended nearly 3% lower, along with shares of Alphabet, which declined more than 1% ahead of its results on Wednesday. Amazon declined nearly 2% as well as markets wait for the company to report its results on Thursday. Investors are turning their attention towards software, data analytics, and professional services companies which are expected to face disruptions due to AI. This comes as AI developer Anthropic launched plug-in for its 'Claude Cowork' on Friday which automates tasks across legal sales, marketing, and data analytics, Reuters reported.

 

Shares of Thompson Reuters fell nearly 16%. "I think Anthropic came out with some plug-ins to tackle the legal space," Mike Archibald, a portfolio manager at AGF Investments in Toronto was reported as saying by Reuters. "Obviously, that's where Thomson Reuters generates a good chunk of their revenues. Sometimes the market just shoots first and asks questions later," he added. Shares of Salesforce, Datadog and Adobe fell around 7% each and those of Intuit fell around 11%. 

 

Healthcare stocks came under pressure as Novo Nordisk cautioned that it expected a significant fall in its annual sales. The company said its profits and sales could drop as much as 13% in 2026, with the heavy price pressure from US President Donald Trump fuelling competition in the weight loss market. "In 2026, Novo Nordisk will face pricing headwinds in an increasingly competitive market," CEO Mike Doustdar was reported by Reuters as saying in a statement. "However, we are very encouraged by the promising early uptake from the US launch of Wegovy pill, and we remain confident in our ability to drive volume growth over the coming years," he added. Shares of the company fell over 1%.  

 

Following are the closing levels of US indices Tuesday:  

 

Index	Level	Change in %
S&P 500	6917.81	(-)0.84
NASDAQ Composite	23255.19	(-)1.43
Dow Jones Industrial Average	49240.99	(-)0.34

 

(Akshat Saksena)

 

US$1 = INR 90.27

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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