Shares of technology companies fell as the software sub-sector continued to struggle.
Software companies are under pressure because of fears that "AI will cannibalize legacy business models," said Bret Kenwell, investment analyst at online brokerage eToro.
These fears may be overblown, he said. "While the long-term impact remains uncertain, many of these companies are still posting solid revenue and earnings growth, and analyst estimates continue to hold up or trend higher."
Shares of security software maker Datadog surged after it said robust quarterly earnings growth would continue following the launch of artificial-intelligence tools.
Tesla veteran Raj Jegannathan has left the company just a few months after the longtime IT executive was promoted to oversee sales and service for the company.
The European Union approved Google's $32 billion acquisition of cybersecurity startup Wiz, a win for the Alphabet unit's largest-ever takeover.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-10-26 1732ET
