LSEG Data & Analytics
February 6, 2026
The Day Ahead North America
Daily UpdateCommoditiesCryptoEquitiesConsumer StaplesEnergy
Wall Street and Toronto markets fell sharply on February 6, 2026, driven by a tech sector rout and concerns over AI spending. Weak labor data pushed Treasury yields lower, while commodities and Bitcoin faced significant selloffs.
Key Takeaways
- 1.Large-cap technology shares experienced a significant selloff as investors grew skeptical of the massive capital expenditure cycles required for AI relative to immediate revenue returns.
- 2.U.S. Treasury yields fell as weekly jobless claims rose to 231,000, signaling a potential cooling in the labor market ahead of the January jobs report.
- 3.The pharmaceutical sector is facing disruption as telehealth firms like Hims & Hers launch low-cost compounded versions of blockbuster GLP-1 weight-loss drugs, challenging Novo Nordisk and Eli Lilly.
Table of Contents
- MARKET RECAP at 4 pm ET
- Coming Up
- KEY ECONOMIC EVENTS
- Market Monitor
- Top News
- Insight and Analysis
- CANADA
- WEALTH NEWS
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Authors
Ashitha SalusMohammed Nihaal TS
Securities
BTCNOVO.B-DKAlphabet IncMicrosoft CorpEli Lilly and Co
Themes
AI Monetization AnxietyGLP-1 Competitive Disruption
Regions
North AmericaLatin AmericaUnited StatesCanadaBrazil