Stock Market Summary – February 02, 2026

Wall Street expects Palantir’s earnings per share to be 23 cents on a revenue of $1.329 billion, which if achieved would be a significant increase from its third quarter when it reported earnings per share of 21 cents on a revenue of $1.18 billion. Despite falling 25% in the past three months, Palantir’s stock has increased 81% in the past year.

The S&P 500, Dow, and Nasdaq fell, and Bitcoin dropped below $80,000 for the first time since April 2025. Nvidia shares fell 1.5% following reports its plans to invest $100 billion in OpenAI were stalled, while Alphabet shares rose 1.4% amid speculation of a $16 billion funding round for Waymo, its self-driving car subsidiary. Other notable movements included a 6% increase in Oracle stocks after announcing plans to raise $50 billion to enhance its AI capacity, a 3% rise in Disney stocks following outstanding earnings and revenue figures, and a 15% increase in Colgate shares this year due to better-than-expected growth in Q4.

OpenAI has unveiled a standalone app for Codex, its AI-powered coding assistant, available for all ChatGPT users with Apple computers. OpenAI reported over 1 million developers used Codex in the last month.

Despite a decline in S&P 500, Dow, and Nasdaq, gold continued its rally due to economic and geopolitical uncertainties, while Alphabet, with its expected $350 per share earnings due in Q4, showed strength across its business portfolio. Similarly, Disney’s shares rose 3% after it exceeded analysts’ expectations in its Q1 report.

Finally, the January jobs report will not be released on the scheduled date due to the partial government shutdown, and new Trump accounts could grow up to $50,000 or substantially more.