Stock Markets February 5, 2026

Stocks See Wide Swings on Thursday; Amazon, Estee Lauder Among Notable Movers

Mega-caps and smaller names both posted sharp moves as markets reacted to company-specific developments and broader flows

By Maya Rios EL MCK RRX XPO ITT
Stocks See Wide Swings on Thursday; Amazon, Estee Lauder Among Notable Movers
EL MCK RRX XPO ITT

Thursday’s trading session produced a range of pronounced stock moves across market-cap tiers. Several mega-cap names rallied strongly while other large- and mid-cap issuers recorded notable declines. The shifts spanned technology, consumer goods, logistics and energy-related names, with some individual stocks moving double digits on the day.

Key Points

  • Wide dispersion in stock performance across market-cap tiers, with some mega-caps rallying while many mid- and small-caps fell.
  • Technology, consumer goods, logistics and mining/energy-related names were among the sectors most clearly represented in today’s moves.
  • Analyst action affected at least one large-cap name, with Microsoft downgraded to Hold by Stifel due to Azure concerns.

Thursday's market activity featured pronounced volatility across a wide spectrum of stocks, with gains concentrated among several large-cap and mega-cap names while numerous mid- and small-cap companies posted steep losses.

Mega-Cap Movers (Market Cap: $200 billion USD or higher)

  • Estee Lauder (EL); -21.99%
  • McKesson Corp (MCK); +16.77%
  • Regal Beloit Corp (RRX); +9.38%
  • XPO Logistics (XPO); +9.06%
  • ITT Corp (ITT); +8.68%
  • Fleetcor Tech (CPAY); 9.4%
  • FormFactor (FORM); +14.57%
  • Phibro Anim (PAHC); +15.94%
  • Polestar Automotive Holding Plc (PSNY); +22.49%

Large-Cap Stock Movers (Market Cap: $10-$200 billion USD)

  • Amazon Com Inc (AMZN); -4.65%
  • Google Inc (GOOGL); -4.92%
  • Microsoft Corp (MSFT); Stifel downgrades Microsoft stock to Hold on Azure concerns; -3.32%
  • Tesla Motors (TSLA); -4.19%
  • Avago Technologies (AVGO); +1.53%
  • Merck & Co (MRK); +2.94%
  • Netflix, Inc. (NFLX); +1.42%

Mid-Cap Stock Movers (Market Cap: $2-$10 billion USD)

  • Ralliant (RAL); -33.23%
  • Peloton Interactive Inc (PTON); -22.84%
  • FMC Corp (FMC); -24.34%
  • dMY Technology Group II (GENI); -19.12%
  • Fluence Energy (FLNC); -24.32%
  • Omnicell (OMCL); -17.99%
  • Hut 8 Mining PK (HUT); -14.75%

Small-Cap Stock Movers (Market Cap: $300 million - $2 billion USD)

  • Cerence Inc (CRNC); -39.04%
  • MSTU (MSTU); -6.51%
  • Cree Inc. (WOLF); -19.91%
  • Isos Acquisition (LUCK); -19.85%
  • Compass Minerals Intl Inc (CMP); -12.62%
  • CONL (CONL); -18.23%
  • Kimball Electronics (KE); -14.36%
  • Asset Entities (ASST); -15.7%

Summary and Market Context

Trading on Thursday saw concentrated moves across market-cap segments: multiple mega-cap stocks recorded double-digit percentage gains, while a number of mid- and small-cap names fell sharply. Large-cap technology and consumer names were mixed, with notable declines for Amazon, Google and Microsoft. Financial research actions were explicitly noted in relation to Microsoft, with Stifel lowering its rating to Hold citing concerns tied to Azure.

Key points

  • Broad dispersion in returns: Some mega-cap stocks produced strong positive returns, while many mid- and small-cap names experienced large percentage declines.
  • Sectors impacted include technology, consumer goods, logistics and energy-related or mining names, given the listed movers span those industries.
  • Analyst activity influenced at least one large-cap name, with Microsoft called out for a downgrade to Hold due to Azure-related concerns.

Risks and uncertainties

  • Concentrated declines among mid- and small-cap stocks may indicate heightened volatility and liquidity risk for those sectors and market-cap segments.
  • Analyst downgrades, such as the Stifel downgrade of Microsoft, can weigh on investor sentiment within the affected sector, here technology and cloud services.
  • Sharp single-day moves in individual names create uncertainty for traders and investors relying on short-term price action across multiple sectors.

These listings capture the largest movers of the day across market-cap classifications as of Thursday's session. For active, real-time market coverage and further details, market participants typically rely on dedicated live feeds and professional services.

Risks

  • Heightened volatility and liquidity risk for mid- and small-cap stocks following steep single-day declines.
  • Analyst downgrades can negatively influence sector sentiment, as seen with Microsoft in the technology/cloud segment.
  • Large intraday swings increase uncertainty for traders and investors relying on short-term price movements across sectors.

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