Market Recap of the Week of Feb 1, 2026 - Feb 8, 2026

Overall Market Trends:

The stock market saw mixed results last week. The New York Stock Exchange Composite (NYSE) climbed 500 points (+2.20%), and the Dow Jones Industrial Average rose 1,276 points (+2.61%). On the other hand, the NASDAQ Composite tumbled, falling 506 points (-2.15%), and the S&P 500 finished the week with minimal losses, only declining 7 points (-0.10%). These results were largely influenced by a rotation out of technology stocks and a weakened sentiment from poor labor market readings.

Stocks rose on Monday, despite the collapse of precious metals and crypto markets. Bitcoin dropped below the $80,000 mark for the first time since April 2025, signalling investors are moving away from risky assets following silver and gold’s huge losses last Friday. Gold and Silver futures continued to tumble in Monday’s session, down 4% and 5%, respectively. NVIDIA (NASDAQ: NVDA) also fell 3% after people close to the matter reported that the company’s prior $100 billion deal with OpenAI had stalled. Investors also began to prepare for the large slew of earnings reports set to be released throughout the week, most notably Amazon (NASDAQ: AMZN) and the Google parent Alphabet (NASDAQ: GOOG). To start off the week, Disney (NYSE: DIS) beat their earnings but still fell 7% as the company warned of a decline in attendance from international travelers at its domestic parks.

The market plummeted on Tuesday as investors rotated out of tech stocks and into companies that would be more greatly affected by improvements in the economy. Software companies also contributed to the day’s declines, with both Salesforce (NYSE: CRM) and ServiceNow (NYSE: NOW) falling nearly 7%. Palantir (NASDAQ: PLTR), the leading tech-defense company, soared 7% after producing strong earnings and upbeat guidance. PepsiCo (NASDAQ: PEP) also posted a strong earnings report, boosted by organic sales, causing shares to pop 5%. Silver and gold rebounded about 6% and 7%, respectively.

Stocks continued to tank throughout Wednesday’s trading session as poor guidance from Advanced Micro Devices (NASDAQ: AMD) escalated the technology stock sell-off. Following the report, AMD pulled back 17% while Broadcom (NASDAQ: AVGO) declined 3.8% and Micron Technology (NASDAQ: MU) sank 9.5%. Oracle (NYSE: ORCL) also contributed to the losses, shedding 5%. Amgen (NASDAQ: AMGN) shed some light on the day, soaring 8% after beating expectations on Q4 earnings.

The sharp decline pushed into Thursday’s session, as all major indices lost over 1%. This was largely due to the general risk-off stance investors have taken. Alphabet reported earnings, with the company projecting a significant increase in A.I. spending and rising capital expenditure forecasts to up to $185 billion. Shares of the Google parent opened down 6% but later rebounded, ending the day with minimal losses. In other earnings news, Qualcomm (NASDAQ: QCOM) slid over 8% after reporting weak guidance due to a global memory shortage. Bitcoin fell below the $70,000 threshold, a key support level, to $64,000, prices last seen in November 2024. Metal prices also dropped about 16% on the day. Concerns around the labor market weakness extended after new reports pointed toward just over 108,000 layoffs in January, the highest January total since the 2008 global financial crisis, pushing sentiment lower.

The market flipped the script on Friday, with all four major indices popping over 2% on the day, and the Dow Jones clearing the 50,000 milestone for the first time ever. Traders moved back into A.I. markets with Nvidia and Broadcom leading the way. The two bounced 8% and 7%, respectively, with Oracle and Palantir also jumping 4% each. Caterpillar (NYSE: CAT) rose 7%, and Goldman Sachs (NYSE: GS) leaped 4%, contributing to the Dow’s gains. Bitcoin also rebounded, soaring 10% to $71,500. Despite the general rebound, Amazon shares declined 5% after missing expectations and sharing that they plan to extend their capital expenditures to $200 billion for this year.

Source: CNBC (Consumer News and Business Channel)

Past Earnings Report:

This Week in Crypto

Market Trends:

The crypto market pulled back sharply over the past week, finishing lower after a stretch of intense volatility and forced selling. Total crypto market capitalization fell by roughly $300 billion (-11%), as risk appetite collapsed midweek before a sharp but fragile rebound into the weekend. Bitcoin (BTC) ended the week at $69,185 (-11.95%), while Ethereum (ETH) significantly underperformed, falling 14.27% to $2,083. Losses across large-cap altcoins were broad, with Binance Coin (BNB) down 17.64%, XRP falling 14.52%, and Solana (SOL) declining 16.65%. Dogecoin (DOGE) and Cardano (ADA) shed 7.39% and 8.40%, respectively. Bitcoin Cash (BCH) was one of the relative outperformers, finishing nearly flat on the week (-0.42%), while Hyperliquid (HYPE) stood out as one of the few assets across the market to post gains, rising 2.25%. These moves were largely driven by persistent ETF outflows, a heavy leverage flush, and a sharp increase in risk sentiment, with general market sentiment shifting from neutral to extreme fear.

Crypto prices moved lower throughout Sunday, extending losses from the prior week as the market continued to struggle to regain its footing after January’s large sell-off. While the total market cap was able to hover around the $2.66 trillion level, price action across major coins remained weak. XRP and several other large caps also pushed to new local lows as sentiment continued to deteriorate. The Fear & Greed Index slipped deeper into extreme fear territory, suggesting the market has transitioned from opportunistic dip-buying to outright risk aversion.

Losses accelerated on Monday, as Bitcoin broke below key short-term support levels and Ethereum dropped over 7% on the day. Thin liquidity intensified selling pressures, causing hundreds of millions of dollars to get liquidated across various leveraged positions. The broader risk backdrop remained fragile, with traders increasingly cautious ahead of macro data and central bank communication. Rather than stabilizing, price action suggested that optimistic positioning built earlier in the year was still being unwound.

The market caught a brief break on Tuesday, with Bitcoin rebounding toward the high $70,000s and Ethereum climbing back above $2,300. Several large-cap tokens followed, though the rally lacked conviction. Flows data and derivatives positioning suggested the move was driven primarily by short covering and tactical dip-buying rather than a genuine improvement in risk appetite. While the bounce helped recover part of the previous weekend’s losses, it failed to alter the broader bearish sentiment.

Crypto traded sideways on Wednesday as investors assessed whether the rebound could hold. Bitcoin struggled beneath resistance, and most altcoins posted mixed performance as well. Institutional flow data remained a headwind, showing continued outflows from crypto investment products, which reinforced the idea that larger players were still reducing exposure. Macro conditions stayed choppy, keeping pressure on risk assets across the board.

The selling reached a crescendo on Thursday, when the market entered full capitulation mode. Total crypto market cap dropped more than 6% in a single session, falling toward $2.5 trillion. Bitcoin and Ethereum slid 7% and 14%, respectively, while nearly all major altcoins traded sharply lower. ETF outflows surged, and forced liquidations intensified as leveraged longs were wiped out. Sentiment hit cycle lows, marking the emotional bottom of the week.

The crypto market flashed lower before violently reversing on Friday. Bitcoin had plunged near the $60,000 mark, and Ethereum briefly dipped below $2,000, triggering over $2 billion in long liquidations. Shortly after this, prices quickly snapped back. Bitcoin rallied over 11% intraday to reclaim the $70,000 level. The rebound was fueled by short covering, reduced open interest, and a broader relief rally across risk assets. The stock market saw similar significant returns on Friday.

By Saturday, momentum had slowed as prices consolidated above the lows. Bitcoin traded in the high $60,000s to low $70,000s, while many altcoins posted modest daily gains but remained deeply negative on the week. Despite the bounce, sentiment stayed firmly in extreme fear, suggesting that traders remain cautious and positioning remains light.

Live Crypto Markets:

Looking Towards the Future

Upcoming Important Economic Events:

Monday: Various Fed officials speak
Tuesday: NFIB optimism index • Import price index (delayed report) • U.S. retail sales (delayed report) • Business inventories (delayed report)
Wednesday: U.S. employment report • U.S. unemployment rate
Thursday: Initial jobless claims
Friday: Consumer price index (CPI) • Core CPI

Future Earnings Reports:

Market Recap (2/8/26)