CNBC Business News Update Market Open: Stocks Mixed, ADP Job Creation Numbers Fall Short For January, Gold Higher 2/4/26
Feb 4, 2026
David Ricks, CEO of Eli Lilly, on pricing and rising demand for diabetes and weight-loss drugs. Mark Short, former Pence chief of staff, on geopolitics and gold’s market impact. Steve Liesman, senior economics reporter, on ADP job data, manufacturing and sector shifts. Multiple short takes on markets, jobs and commodities in rapid-fire analysis.
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Mixed Market Open And AI Sell-Off
- U.S. markets opened mixed with the Dow up sharply while the S&P and Nasdaq lagged due to sector divergences. Stocks fell after investors realized AI could replace much software, triggering dramatic selling in software names.
Weak January ADP Payrolls
- ADP reported only 22,000 private-sector jobs added in January, far below expectations. Steve Liesman highlighted manufacturing losses and uneven performance across small, medium and large firms.
Gold Rises On Safe-Haven Demand
- Gold rallied after a strong prior day and is trading as a safe haven amid geopolitical and dollar concerns. Mark Short tied commodity strength to foreign policy actions and perceived dollar devaluation by the administration.