Stock Market Summary – February 04, 2026

Oil prices increased on Wednesday due to the potential collapse of U.S.-Iran nuclear talks. President Donald Trump warned Iran’s Supreme Leader Ayatollah Ali Khamenei to be “very worried.” US crude oil increased $1.93, or 3.05%, closing at $65.14 a barrel. Brent was up $2.13, or 3.16%, settling at $69.46 a barrel.

In Jim Cramer’s stock market watch, Advanced Micro Devices’ shares dropped 10% to $217 each despite beating estimates for quarterly earnings. Eli Lilly’s stock jumped nearly 8.5% after exceeding estimates in their Q4 report and revenue forecasts. Chipotle’s stock sank over 6% after the restaurant chain projected flat same-store sales growth in 2026 and posted declining traffic for a fourth consecutive quarter.

CNBC Investing Club with Jim Cramer sold 50 shares of Home Depot at around $390 and 20 shares of Honeywell at $236, booking profits on two Dow Jones Industrial Average stocks that have significantly outperformed the broader market this year. Home Depot stocks are up 14% since they last added to their position in November, and Honeywell shares have added an additional 4% since the quarter.

Concerning the Federal Reserve, Sen. Tim Scott, Chair of the Senate Banking Committee, stated that he believes Chairman Jerome Powell did not commit any crimes during his Senate testimony last year, despite a DOJ investigation into the testimony.

Bitcoin broke below $73,000, with Wall Street firms suggesting more downturn is ahead. The digital asset is surveying a critical level of $70,000, the price before its post-election surge pushed it to an all-time high of over $126,000, according to Citi analysts. Bitcoin has shed about 20% over the past month, sinking to a low of $72,096.20 on Wednesday. Deutsche Bank analysts suggest that bitcoin’s decline is due to fear among investors following the nomination of Kevin Warsh as Fed’s chair, stalling regulatory and legislative momentum for digital assets, and large institutional outflows.

Disney has announced its next CEO, Josh D’Amaro, who will succeed Bob Iger as CEO beginning on March 18 after nearly three decades at the company. D’Amaro most recently chaired Disney’s experiences division, which includes theme parks and cruises.

Bitcoin’s downturn may continue, potentially as low as $38,000, according to an analyst note from Stifel. Deutsche Bank also noted increased fear and pessimism amongst investors towards crypto. Bitcoin ETFs have recorded up to about $7 billion in outflows each month since October, according to Deutsche Bank. The percentage of U.S. consumers adopting crypto dropped to around 12% from 17% in July 2025.

Microsoft confirmed that its top security leader, Charlie Bell, is taking on a new role and Hayete Gallot will return to run the company’s security division after a stint at Google. Bell was seen as a candidate to become CEO of Amazon Web Services and in his new role will focus on engineering quality.