As the trading day drew to a close on February 5, the three major U.S. stock indices exhibited divergent performances. The Dow Jones Industrial Average managed to eke out a gain, closing up by 0.53%. In contrast, the Nasdaq Composite Index extended its losing streak, dropping for the second consecutive day with a 1.51% decline. Meanwhile, the S&P 500 Index also finished in negative territory, falling by 0.51%.

The tech sector, in particular, faced significant headwinds, with most large-cap tech stocks seeing their values erode. Tesla's shares tumbled nearly 4%, while Nvidia's stock dropped more than 3%. Amazon's shares were also hit, falling over 2%, and Google's stock declined by nearly 2%. On a brighter note, Apple's shares bucked the trend, rising more than 2%, and Microsoft's stock gained a modest 0.72%.

The performance of popular Chinese ADRs (American Depositary Receipts) was largely lackluster as well. The Nasdaq Golden Dragon China Index, a barometer for Chinese stocks listed in the U.S., fell by 1.95%. However, there were a few bright spots amid the gloom. Nio's shares surged 5.86%, Miniso's stock gained 3.59%, and both Vipshop and Li Auto saw their shares rise more than 2%. In stark contrast, Dingdong Fresh's stock took a severe beating, plummeting more than 14%.