Stock Market Today With IBD Stocks Tumble But Pare Losses; Viking Holdings, Google, MongoDB In Focus
Jan 29, 2026
Ed Carson, IBD news editor and market analyst, weighs in with concise market commentary. He walks through Thursday’s tumble and partial rebound. He highlights software sector pain, chip strength, and technical levels. He flags Viking Holdings’ breakout, Google’s pre-earnings setup, and MongoDB’s sharp sell-off.
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Volatile Intraday Rebound
- Markets opened sharply lower but recovered into the close after mixed Fed and earnings news.
- Intraday undercuts of key moving averages created a volatile 'escalator up, elevator down' session.
Software Weakness Amid AI Uncertainty
- Software earnings and AI payoff doubts hit the sector hard despite some strong reports.
- High bullishness readings can make markets prone to sharp sell-offs on mixed news.
Chips Hold Up, Memory Leads
- Semiconductors held up while software lagged, driven by strength in NVIDIA and memory names.
- Chip-equipment and memory demand underpins the group's recent outperformance.