Stocks Climb to Start February as Gold and Silver Sell Off | Closing Bell

Watch on YouTube ↗  |  February 02, 2026 at 22:39  |  10:13  |  Bloomberg Markets
Speakers
Carol Massar — Anchor, Bloomberg
Romaine Bostick — Anchor, Bloomberg

Summary

The segment covered the U.S. market close, with the S&P 500 finishing just shy of a record and broad breadth across sectors. It highlighted top gainers SanDisk and Western Digital on AI/memory momentum and analyst target hikes, a Brookfield-led takeout of Peakstone Realty Trust, and Tesla's weak European sales. Later, the anchors discussed Palantir's strong earnings beat and above-consensus guidance against its very high valuation.

  • S&P 500 ended near a record high; Dow rose over 500 points and Russell 2000 gained about 1%.
  • Energy was the weakest S&P sector while consumer staples led.
  • SanDisk and Western Digital surged on AI/memory demand and analyst price-target increases.
  • Peakstone Realty Trust spiked after Brookfield agreed to buy it for $21 per share.
  • SpaceX confirmed a merger with xAI ahead of a possible IPO.
  • Tesla fell as French and Norwegian EV registrations slumped amid Musk backlash.
  • Palantir reported strong Q4 results and upbeat 2026 guidance, but valuation remains a concern.
Ideas
Carol Massar Anchor, Bloomberg 2:55
SanDisk momentum backed by analyst upgrades.
SanDisk was the top S&P 500 gainer, rising 15% on the day and more than 180% year-to-date, as analysts have raised price targets by an average of 86% since its January 29 earnings report with no cuts, reflecting strong AI/memory momentum after its spin-off from Western Digital.
SNDK MED
Carol Massar Anchor, Bloomberg 3:51
Western Digital rides AI memory demand.
Western Digital was another top S&P 500 performer, up almost 8% on the day and about 60% year-to-date, with an AI/memory story and analysts raising price targets, though its product offering differs from SanDisk's.
WDC MED
Romaine Bostick Anchor, Bloomberg 6:29
Tesla European sales slump on Musk backlash.
Tesla was one of the main S&P 500 decliners as European sales weakness carried into this year, with French sales down 42% in January and Norway registrations down 88%, which the speaker tied to ongoing global consumer pushback against Elon Musk.
TSLA MED
Romaine Bostick Anchor, Bloomberg 7:51
Palantir remains very pricey despite strong growth.
Even after a 29% drawdown from its November peak and a strong Q4 beat with 2026 revenue guidance above estimates, Palantir still trades at about 142 times expected earnings, making the stock very pricey and valuation a key risk.
PLTR MED
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This Bloomberg Markets video, published February 02, 2026, features Carol Massar, Romaine Bostick discussing SNDK, WDC, TSLA, PLTR. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Carol Massar, Romaine Bostick  · Tickers: SNDK, WDC, TSLA, PLTR