Katherine Sullivan

And Molina Healthcare shares sank 25.5 percent after the insurer forecast a sharp drop in upcoming profit.

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Here's your Closing Bell Brief for Wednesday, February 4th.

I'm Katherine Sullivan for The Wall Street Journal.

U.S.

stocks finished with mixed results today as tech shares faced heavy pressure.

The Nasdaq fell 1.5 percent as chip stocks saw a broad sell-off.

Investors worried about how artificial intelligence advancements might disrupt traditional software business models.

The Dow rose 0.5% on gains from blue-chip companies, while the S&P 500 was down 0.5%.

Among individual companies, advanced micro-devices shares tumbled 17%.

The chipmaker reported strong sales but failed to satisfy investors focused on AI.

This marked the biggest pullback for the stock since 2017.

Eli Lilly stock jumped 10 percent today.

The drugmaker reported a quarterly profit of more than $6.5 billion, driven by high demand for its weight loss drugs.

Texas Instruments shares slipped 1 percent after announcing a new acquisition.

The company agreed to buy wireless technology company Silicon Labs in a $7.5 billion deal.

Silicon Labs stock surged nearly 49 percent on the news.

An Enphase Energy stock soared nearly 39 percent following its latest financial results.