--- title: Market Report, 2026-01-29 description: Stocks swung amid AI spending concerns as tech pulled back, bonds rallied, and crypto slid, with investors awaiting key inflation data for market direction image: https://blog.adamswealthadvisors.com/hubfs/Mitch-CoverPhoto.png --- [Skip to content](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-01-29#main-content) [![AdamsWealth-logo-white](https://blog.adamswealthadvisors.com/hubfs/Imported%20sitepage%20images/AdamsWealth-logo-white.svg "AdamsWealth-logo-white")](https://adamswealthadvisors.com/) [Connect with an Advisor](https://adamswealthadvisors.com/contact-us/) February 2, 2026 # Market Report, 2026-01-29 [Adams Wealth Advisors](https://blog.adamswealthadvisors.com/daily-market-minute/author/adams-wealth-advisors) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-01-29) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-01-29) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-01-29) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-01-29) [envelope icon](mailto:?body=https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-01-29) Market Report, 2026-01-29 1:50   Thursday was a turbulent day. Although stocks closed only slightly lower, the day started with a heavier dip. The selloff was led by Microsoft after it reported slowing growth in its key cloud unit while maintaining record spending on artificial intelligence—a move that raised concerns about a slower payout. The sentiment spread to the broader AI investment theme, which has been a major focus and is now seen by some as possibly overcrowded. The Dow Jones Industrial Average, an index that is relatively less exposed to the AI investment theme, advanced 56 points to 49,072. The NASDAQ, the technology-heavy index, declined by 0.53%. The S&P 500 continued to hover slightly below its all-time high at 6,969. Although more sectors ended the day in the green than otherwise, the technology sector declined by 1.58%, once again reminding investors how dominant its influence is on the U.S. stock market. Nevertheless, the communication services sector, which also contains two significant AI-themed stocks, ended the day 2.6% higher, as Meta provided a solid outlook citing AI-driven advertising performance gains and a strategic shift toward “personal superintelligence.” Similar dynamics took place in the bond market, where an initial slight decline turned into a rally. The U.S. 5-year Treasury yield declined by 3 basis points to 3.81%, and the 10-year yield fell by 2 basis points to 4.24%. A similar reversal occurred in the gold market, bringing prices back above the 5,400 mark. Cryptocurrencies experienced a severe drawdown, with Bitcoin losing more than 5% of its value. All eyes are on tomorrow’s inflation report, and we will continue to provide updates. [wealth management](https://blog.adamswealthadvisors.com/daily-market-minute/tag/wealth-management), [Daily Market Update](https://blog.adamswealthadvisors.com/daily-market-minute/tag/daily-market-update), [Mitch Greene, M.S., CFP®, ABFP™](https://blog.adamswealthadvisors.com/daily-market-minute/tag/mitch-greene-m-s-cfp-abfp) ## Related posts [![](https://blog.adamswealthadvisors.com/hs-fs/hubfs/Brook-CoverPhoto.png?height=200&name=Brook-CoverPhoto.png)](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-02-12) [wealth management](https://blog.adamswealthadvisors.com/daily-market-minute/tag/wealth-management), [Daily Market Update](https://blog.adamswealthadvisors.com/daily-market-minute/tag/daily-market-update), [Brooklyn Stevenson](https://blog.adamswealthadvisors.com/daily-market-minute/tag/brooklyn-stevenson) ## [Market Report, 2026-02-12](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-02-12) [Adams Wealth Advisors](https://blog.adamswealthadvisors.com/daily-market-minute/author/adams-wealth-advisors) February 12, 2026 Stocks experienced a rough day, with globallystock indices retreating. While the market started the... [Read more](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-02-12) [![](https://blog.adamswealthadvisors.com/hs-fs/hubfs/David.png?height=200&name=David.png)](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-05-01) [wealth management](https://blog.adamswealthadvisors.com/daily-market-minute/tag/wealth-management), [Daily Market Update](https://blog.adamswealthadvisors.com/daily-market-minute/tag/daily-market-update), [Brooklyn Stevenson](https://blog.adamswealthadvisors.com/daily-market-minute/tag/brooklyn-stevenson) ## [Market Report, 2026-05-01](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-05-01) [Adams Wealth Advisors](https://blog.adamswealthadvisors.com/daily-market-minute/author/adams-wealth-advisors) May 4, 2026 Your browser does not support the video tag. [Read more](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-05-01) [![](https://blog.adamswealthadvisors.com/hs-fs/hubfs/Brook-CoverPhoto.png?height=200&name=Brook-CoverPhoto.png)](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-02-27) [wealth management](https://blog.adamswealthadvisors.com/daily-market-minute/tag/wealth-management), [Daily Market Update](https://blog.adamswealthadvisors.com/daily-market-minute/tag/daily-market-update), [Brooklyn Stevenson](https://blog.adamswealthadvisors.com/daily-market-minute/tag/brooklyn-stevenson) ## [Market Report, 2026-02-27](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-02-27) [Adams Wealth Advisors](https://blog.adamswealthadvisors.com/daily-market-minute/author/adams-wealth-advisors) March 2, 2026 [Read more](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-02-27) ## ![awa_square-1](https://blog.adamswealthadvisors.com/hs-fs/hubfs/awa_square-1.png?width=123&height=123&name=awa_square-1.png) ## 701 S Main, Suite 400 Logan, UT 84321 (435) 752-1702 Monday – Friday 9am – 5pm ## 491 N Bluff St. Ste 200 Saint George, UT 84770 (435) 294-0962 Monday – Friday 9am – 5pm ## Find us   [facebook-f icon](https://www.facebook.com/) linkedin-in icon Twitter icon ## ![awa_square-1](https://blog.adamswealthadvisors.com/hs-fs/hubfs/awa_square-1.png?width=123&height=123&name=awa_square-1.png) ## 701 S Main, Suite 400 Logan, UT 84321 (435) 752-1702 Monday – Friday 9am – 5pm 491 N Bluff St. Ste 200 Saint George, UT 84770                                            [(435) 294-0962](tel:4352940962) Monday – Friday 9am – 5pm ## Links   - [Home](https://adamswealthadvisors.com/) - [Your Plan](https://adamswealthadvisors.com/your-plan/) - [Your Needs](https://adamswealthadvisors.com/your-needs/) - [Investment Management](https://adamswealthadvisors.com/your-needs/#plan-213) - [Team Based Approach](https://adamswealthadvisors.com/team-based-approach/) - [Insights](https://adamswealthadvisors.com/insights/) ## Contact   - [Meet an Advisor](https://adamswealthadvisors.com/meet-an-advisor/) - [Contact Us](https://adamswealthadvisors.com/contact-us/) - [Join Newsletter](https://adamswealthadvisors.com/join-newsletter/) ## Find us   [facebook-f icon](https://www.facebook.com/) linkedin-in icon Twitter icon ## Adams Wealth Management is a registered investment adviser. 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