A number of stocks traded in opposite directions in the afternoon session after the market slid following the release of weaker-than-expected private-sector employment data, fueling concerns about a cooling economy. According to the ADP report, U.S. private employers added only 22,000 jobs in January, falling significantly short of economists' estimates of 45,000. This miss signals that the multi-year cooling in labor demand has continued into the new year. The disappointing data added to existing market pressures, particularly on the tech sector, as investors weigh the implications of a potential economic slowdown on corporate earnings and growth prospects.
A number of stocks fell in the afternoon session after software stocks continued to pull back as investors assessed the potential for new AI automation tools to compete with established software platforms.
A number of stocks fell in the afternoon session after sentiment weakened following a surprisingly weak private payrolls report from ADP. According to the ADP National Employment Report, the U.S. private sector added only 22,000 jobs in January, falling significantly short of economists' estimates of 45,000 to 48,000. The slowdown was led by the manufacturing and the professional and business services sectors. The professional and business services category was particularly hard-hit, shedding 57,000 jobs, marking its most substantial monthly decline since mid-2025. This lackluster hiring data points to a potential cooling in the labor market, raising concerns for companies whose revenues are closely tied to employment levels and business spending.
A number of stocks fell in the afternoon session after the market slid following the release of weaker-than-expected private-sector employment data, fueling concerns about a cooling economy.
Shares of financial services company Robinhood (NASDAQ:HOOD)
fell 8.4% in the afternoon session after software stocks continued to pull back as investors assessed the potential for new AI automation tools to compete with established software platforms.
Shares of online community and discussion platform Reddit (NYSE:RDDT) fell 6.9% in the afternoon session after software stocks continued to pull back as investors assessed the potential for new AI automation tools to compete with established software platforms.
Shares of investment management firm T. Rowe Price (NASDAQ:TROW) fell 4.8% in the afternoon session after the company reported fourth-quarter 2025 financial results that fell short of analyst expectations.
A number of stocks fell in the afternoon session after uncertainty increased over when key companies can resume large-scale sales of high-end artificial-intelligence chips to China.
Shares of server solutions provider Super Micro (NASDAQ:SMCI) jumped 14.1% in the afternoon session after the company reported strong fourth-quarter results and significantly raised its full-year revenue forecast, driven by booming demand for its artificial intelligence (AI) servers.
Shares of aircraft leasing company FTAI Aviation (NASDAQ:FTAI) fell 7.3% in the afternoon session after investors took profit following a significant rally. The decline followed an extraordinary period for the stock, which had surged 187% over the previous year, likely prompting some investors to sell and secure their gains.
Shares of reinsurance provider RenaissanceRe (NYSE:RNR) jumped 4.9% in the afternoon session after the company reported strong fourth-quarter 2025 financial results that significantly surpassed expectations.
Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO)
fell 4% in the afternoon session after uncertainty increased over when key companies can resume large-scale sales of high-end artificial-intelligence chips to China.
Shares of modular home and building manufacturer Champion Homes (NYSE:SKY)
jumped 14.2% in the afternoon session after the company reported strong fourth-quarter 2025 results that beat Wall Street's profit expectations.
A number of stocks fell in the afternoon session after uncertainty increased over when key companies can resume large-scale sales of high-end artificial-intelligence chips to China.
A number of stocks fell in the afternoon session after uncertainty increased over when key companies can resume large-scale sales of high-end artificial-intelligence chips to China.
Shares of quantum computing company IonQ (NYSE:IONQ) fell 8.1% in the afternoon session after a short-seller report from Wolfpack Research alleged the company lost critical funding for Pentagon contracts. The report claimed that these contracts accounted for up to 86% of IonQ's revenue from 2022 to 2024. Wolfpack Research stated that this created a "$54.6M black hole in its bookings" for 2025. The short-seller also suggested this situation led to the CEO's resignation and significant insider stock sales. According to the report, IonQ then acquired several non-quantum computing companies in an effort to compensate for the lost funding, which worsened the company's cash flow from operations.
Shares of data security company Varonis Systems (NASDAQ:VRNS) fell 8.7% in the afternoon session after the company provided a weak earnings outlook for 2026 that overshadowed its fourth-quarter 2025 results, which had topped Wall Street's expectations.
Shares of video game publisher Take Two (NASDAQ:TTWO)
fell 5% in the afternoon session after the company posted a fourth-quarter loss that missed Wall Street's profit expectations, overshadowing strong revenue results and a positive sales forecast for the upcoming quarter.
Shares of building envelope solutions provider Carlisle Companies (NYSE:CSL)
jumped 10.9% in the afternoon session after the company reported fourth-quarter 2025 results that surpassed analyst expectations for revenue and profit.
