CNBC Business News Update Market Close: Stocks Higher, Disney Falls 7%, Government Shutdown Postpones Friday's Jobs Report 2/2/26
Feb 2, 2026
Markets climbed on strong manufacturing data and talk of a U.S.-India trade deal. Volatility sticks around even as indexes sit near record highs. Disney stock plunged after weak guidance and softer park forecasts. Bitcoin extended a four-month slide while gold and silver pulled back from earlier gains. The government shutdown delayed the January jobs report, shifting a key data release.
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February Market Rally Despite Volatility
- Stocks opened the month with gains after strong manufacturing data and possible U.S.-India trade talks.
- Market volatility is expected to remain elevated, but indexes sit near all-time highs.
Elevated Volatility, Close To Highs
- Volatility will likely stay elevated for the rest of the year, complicating decisions for investors.
- Yet we remain close to the all-time high reached the prior Thursday, limiting the distance to recovery.
Watch For Data Delays During Shutdowns
- Expect schedule shifts when government funding lapses affect data releases.
- Monitor Bureau of Labor Statistics updates because the January jobs report was postponed due to the shutdown.