CNBC Business News Update Market Open: Stocks Higher, Oil And Silver Falling, Disney Results Out 2/2/26
Feb 2, 2026
Markets opened higher while oil and silver slipped, and the tech and retail sectors showed early shifts. Disney’s stock reaction and park attendance trends drew attention. Precious metals and bitcoin movements were highlighted. Retail leadership changes at Walmart and Target and large homebuyer discounts rounded out the market snapshot.
AI Snips
Chapters
Transcript
Episode notes
Earnings Are Powering Early 2026 Rally
- Major averages were higher at the open, driven by stronger-than-expected earnings.
- January rose ~1.5% as earnings surprised to the upside, supporting market momentum.
Disney Shares Swing After Parks Questions
- Disney shares swung intraday after earnings and commentary from the conference call.
- CFO Hugh Johnston said core U.S. consumers are still spending and visitors love the parks.
Precious Metals And Crypto Volatility Persist
- Silver plunged further, falling another 10% after a 26% drop the prior day.
- Bitcoin also pulled back to its lowest since April, down ~40% from last October's peak.