What triggered the S&P 500 drop today?

Tech weakness led the slide after chatter about heavier AI capex at Alphabet raised margin and payback worries. Softer US labor data added to slowdown fears. Together, they drove risk-off flows, pulling the S&P 500 negative year-to-date while Dow Jones and Nasdaq also fell.

How should Singapore investors adjust after this sell-off?

Right-size US exposure, keep a cash buffer, and use dollar-cost averaging. Hedge some USD risk if moves in USD/SGD worry you. Tilt toward quality and profitable growth, and avoid chasing bounces. Review stops and targets in SGD and update them as volatility changes.

Does this mean a prolonged bear market?

Not necessarily. It could be a positioning reset after strong gains. The path from here depends on earnings durability, AI spending payoffs, and upcoming data like CPI. Track breadth and volatility. If earnings hold and inflation cools, sentiment can stabilize without a deep drawdown.

What are key data points to watch next?

Focus on weekly jobless claims, JOLTS, CPI, PPI, and retail sales. These shape rate expectations and earnings views. Also watch mega-cap guidance on AI spending and margins. Together, they guide whether the next move favors a rebound or more defensive positioning.

Global Market Insights

^GSPC Today, February 6: Tech Rout Pushes S&P 500 Negative YTD

ByDanny Kontos February 6, 2026

US stock market today slid as a tech rout pushed the S&P 500 negative year to date. The ^GSPC tracked steep losses in megacaps after Alphabet’s heavier AI capex chatter and softer labor data raised growth worries. Bitcoin and silver also dropped, pointing to broad de-risking across assets. For Singapore investors, this matters for USD exposure, sector mix, and timing. We break down drivers behind Dow Jones and Nasdaq moves, why volatility rose, and how to adjust portfolios without overreacting.