Stocks

On February 2, 2026, Wall Street entered a key trading week as major earnings reports from large technology companies coincided with elevated market volatility. Investors are also preparing for an upcoming U.S. jobs report that may influence expectations for interest rates and equity valuations. Analysts expect continued sharp price swings as corporate results and economic data are digested.

Updated on February 2, 2026, Bitcoin fell beneath Strategy Inc's $76,037 average purchase level, intensifying pressure on the firm's accumulation play. MSTR is down nearly 70% from its peak, and with equity now tracking the value of its 712,000 BTC, issuing new shares would be highly dilutive.

Veteran chartist Peter Brandt warned Strategy shareholders on X as Bitcoin’s early‑2026 consolidation falters. Lookonchain data shows the firm’s 712,647 BTC stack is sitting on an unrealized loss of over $900 million, while Brandt’s chart projects a possible drop toward $54,059.60. MSTR shares are 72% below the $543 record set in November 2024.

Bitcoin slid from $84,000 on Saturday to about $74,600 on Monday, the lowest level in nine months, and now trades below the average cost basis for US spot Bitcoin ETFs. The 11 funds recorded $2.8 billion in outflows over the past two weeks as AUM hovers near $113 billion with roughly 1.28 million BTC.

Updated on February 2, 2026 at 1:28 AM UTC, Apple faces intensifying competition for chips as AI companies bid aggressively for the same components. Nvidia has surpassed Apple as TSMC’s largest client, while TechInsights projects DRAM prices could quadruple and NAND triple by year-end. Mike Howard estimates an extra $57 memory cost for an entry-level iPhone 18, impacting margins on a $799 device.

On Sunday, Strategy executive chairman Michael Saylor hinted the firm added Bitcoin after a more than 13% weekend slide pushed BTC to $75,892, briefly under its $76,040 cost basis before rebounding to $76,765. The drop followed President Donald Trump's Friday nomination of Kevin Warsh; Saylor posted “More Orange” alongside a $55 billion purchases chart.

In January 2026, BYD's vehicle sales fell to 210,051 units, a drop of about 30% from 300,538 a year earlier, as domestic demand weakened after China's EV subsidy cuts and holiday effects. The company offset part of the decline by exporting 100,482 vehicles, nearly half of its monthly total, and plans to increase overseas shipments by roughly 25% this year. Chinese brands, including BYD, expanded their presence in Europe's EV and hybrid market in 2025, while high US tariffs kept them out of American showrooms.

In January, a severe winter storm across the United States led many Bitcoin mining firms to scale back power consumption, sharply reducing output. CryptoQuant data indicates that publicly traded miners' daily production, usually around 70–90 BTC before the storm, fell to roughly 30–40 BTC at the height of the disruption. As conditions improved, production partially recovered, suggesting the curtailments were temporary and largely voluntary.

Hours after the firm's Bitcoin position briefly went below cost on Sunday, Michael Saylor posted "More Orange" on X, hinting at further accumulation. According to data released Sunday, Strategy holds 712,647 BTC at an average cost of $76,038, after price touched about $75,500. An analyst said unsecured debt and cash reserves help limit near‑term leverage risk.

On Friday, silver sank 26% and gold slid 9% in one of the sharpest single-day metal selloffs after weeks of speculative buying from China had driven prices to record highs. The move accelerated when reports surfaced that Donald Trump planned to nominate Kevin Warsh as Federal Reserve chair, lifting the dollar and ending the momentum trade. Trading volumes in silver products surged, with the iShares Silver Trust alone recording more than $40 billion in turnover as options activity and algorithmic strategies amplified the reversal.