US stock market crash biggest losers and winners list: S&P 500 and Nasdaq fall as Dow Jones survives on Big Tech AI spending concerns

Jan 29, 2026
us-stock-market-crash-biggest-losers-and-winners-list:-s&p-500-and-nasdaq-fall-as-dow-jones-survives-on-big-tech-ai-spending-concerns

US stock market crash biggest losers and winners list highlights how Wall Street reacted to earnings from major technology companies, rising spending on artificial intelligence, and the Federal Reserve’s latest policy decision. The S&P 500 and Nasdaq turned lower after early gains, while the Dow Jones Industrial Average stayed positive. Investors focused on whether heavy AI investments by large technology firms will deliver revenue growth. Software stocks faced pressure after cautious outlooks. At the same time, industrial, defense, and energy stocks moved higher after earnings updates and rising oil prices. The market also responded to labor data, interest rate expectations, and political developments linked to government funding.

US stock market crash biggest losers and winners list begins with tech-led decline

The US stock market crash biggest losers and winners list shows the Nasdaq falling 1.04 percent, while the S&P 500 declined 0.33 percent. The Dow rose 0.20 percent. Microsoft shares dropped 11.3 percent after cloud revenue failed to meet expectations. This decline weighed heavily on the Nasdaq index.

Software stocks also declined. SAP issued a cautious cloud outlook. ServiceNow fell nearly 10 percent after earnings. Salesforce dropped 5.6 percent. Adobe and Datadog lost 3.1 percent each. The broader technology index fell 3 percent. Apple shares slipped 0.2 percent ahead of its earnings release after market close.




US stock market crash biggest losers and winners list shows selective tech gains

Despite the decline, the US stock market crash biggest losers and winners list includes some tech gainers. Meta shares jumped almost 8 percent after the company issued a positive revenue forecast and announced a 73 percent rise in capital spending for the year. Tesla fell 1 percent, even after outlining plans to more than double capital expenditure to a record level.

Investors continued to assess whether AI spending will lead to returns. Analysts said earnings from major tech firms will remain the key driver for markets.


US stock market crash biggest losers and winners list highlights industrial and defense strength

Outside technology, the US stock market crash biggest losers and winners list shows gains in industrial and defense stocks. Caterpillar rose 3.5 percent after reporting higher quarterly profit. Mastercard added 0.7 percent. The industrial stocks index gained 1 percent.

Lockheed Martin surged nearly 8 percent after forecasting 2026 earnings above expectations. Southwest Airlines jumped 12.4 percent after projecting stronger annual profit. IBM gained 6 percent after beating fourth-quarter earnings estimates.

US stock market crash biggest losers and winners list reflects Fed decision and data

The US stock market crash biggest losers and winners list also reflects macro factors. The Federal Reserve held interest rates steady. Chair Jerome Powell said policy decisions would remain data dependent. Jobless claims fell to 209,000, signaling limited layoffs.

Traders continued to expect a rate cut in June. Energy stocks rose 2 percent as oil prices climbed due to concerns over possible U.S. military action on Iran.

Rare-earth mining stocks fell after reports the administration may step back from mineral price support. USA Rare Earth dropped 16 percent. MP Materials fell 10 percent. Critical Metals and United States Antimony lost over 14 percent each.

US stock market crash biggest losers and winners list

The US stock market crash biggest losers and winners list shows clear divergence across sectors as investors reacted to earnings, AI spending updates, and the Federal Reserve policy decision. Technology and software stocks faced selling pressure due to concerns over cloud growth and returns on AI investment. At the same time, industrial, defense, airline, and energy stocks gained support from higher profits, forecasts, and oil prices. The mixed performance reflects selective buying and selling rather than a broad market exit, with investors focusing on company-level results and guidance.

US stock market crash biggest losers and winners list is:


Biggest Losers

Microsoft

ServiceNow

Salesforce

Adobe

Datadog

SAP

USA Rare Earth

MP Materials

Critical Metals

United States Antimony

Biggest Winners

Meta

Caterpillar

Lockheed Martin

Southwest Airlines

IBM

Mastercard

Energy sector stocks

FAQs

Q1: What does the US stock market crash biggest losers and winners list show today?

The US stock market crash biggest losers and winners list shows technology stocks falling due to earnings and AI concerns, while industrial, defense, and energy stocks gained after profits and rising oil prices.

Q2: Why did Microsoft fall in the US stock market crash biggest losers and winners list?

Microsoft fell in the US stock market crash biggest losers and winners list after cloud revenue missed expectations, raising concerns that heavy AI spending is not yet generating enough returns.

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