Democrats Face GOP Resistance on Reining In ICE

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• 00:03

  Another big tech sell-off on Wall Street brings the Nasdaq down with it.

• 00:07

  Plus, Republicans pushed back on Democrat efforts to rein in ICE.

• 00:12

  So congressional Republicans have said some things are reasonable,

• 00:15

  the big one being the body cameras, but there are big fissures outside of that.

• 00:21

  And when it comes to diplomacy with the U.S., Iran is playing hardball.

• 00:25

  It's Wednesday, February 4th.

• 00:27

  I'm Alex Oselev for the Wall Street Journal.

• 00:29

  This is the PM edition of What's News,

• 00:32

  the top headlines and business stories that move the world today.

• 00:39

  Another day, another tech sell-off.

• 00:42

  While the Dow finished up half a percent today, the Nasdaq closed down one and a half percent,

• 00:47

  its fourth down session in the past five trading days.

• 00:50

  The S&P fell two.

• 00:52

  Markets reporter Hannah Aaron Lange says the declines reflect the influence the big tech companies have on the indexes.

• 00:58

  This is once again really concentrated in the tech sector.

• 01:01

  Most S&P 500 sectors are up today.

• 01:05

  That's basically telling us that these big tech stocks that have such a huge impact on the index overall,

• 01:11

  because they're enormous companies, are way on the index.

• 01:14

  Names like AMD, which is a chip maker, Palantir.

• 01:17

  It seems like investors are reconsidering the AI trade.

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