CNBC Business News Update Market Midday: Stocks Higher, Disney Falls, Walmart & Target Each Have New CEOs Today 2/2/26
Feb 2, 2026
Markets rally with major averages climbing and the Dow surging. Discussion of elevated volatility and how close stocks are to all-time highs. A drop in Disney shares after earnings and focus on park attendance and consumer spending. Leadership changes at Walmart and Target make headlines. Homebuyers scored big discounts this year.
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Markets Rally While Nvidia Lags
- U.S. stock indices moved higher midday with the Dow leading gains and the Nasdaq up strongly.
- NVIDIA lagged the rally, trading slightly down while Caterpillar led gains up about 3.5%.
Volatility Will Stay Elevated
- Volatility is expected to remain elevated through the year, complicating investment choices.
- Despite recent swings, the market remains close to its all-time highs, suggesting resilience.
Mixed Views On Disney Parks Performance
- Disney's results drew mixed analyst reactions, with concerns about international park visitors and no guidance raise.
- Disney's CFO Hugh Johnston argued U.S. consumers are still spending and parks deliver strong perceived value.