Chapter 1: What are the latest trends in U.S. stock markets?
Here's your Closing Bell Brief for Monday, February 2nd. I'm Katherine Sullivan for The Wall Street Journal. U.S. stocks rose today to kick off the new month of trading. The Dow Jones Industrial Average led the major indexes, rising over 1%. The Nasdaq was up 0.6%, and the S&P 500 was up 0.5%. Treasury yields climbed after a report showing factory activity in the U.S.
unexpectedly expanded in January. Gold and silver prices remained volatile, while oil prices retreated on news of negotiations with Iran. Among individual companies, Oracle shares dropped nearly 3 percent.
Chapter 2: How are individual companies like Disney and Oracle impacting the market?
The company announced a $50 billion funding plan to build out its artificial intelligence infrastructure. Disney stock dropped over 7%. Executives warned that fewer international visitors are traveling to the entertainment company's domestic theme parks.
Nvidia shares fell 3%. The Wall Street Journal reported that the chipmaker's planned $100 billion investment in OpenAI has stalled.
Chapter 3: Why did Nvidia's stock fall after its deal with OpenAI stalled?
And Coinbase stocks slid 3.5% as the price of Bitcoin declined.
Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have a lot more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.