Name: Stocks Fall Ahead of Earnings as Bitcoin Sinks to Post-Election Low | Closing Bell
Uploaded: 2026-02-03T21:32:41+00:00
Duration: 594 s

Speakers

Carol Massar — Anchor, Bloomberg

Tim Stenovec — Anchor/Co-Host, Bloomberg TV & Radio

Romaine Bostick — Anchor, Bloomberg

Katie Greifeld — Anchor, Bloomberg

Summary

The segment covered the U.S. market close, where stocks pared early losses but ended mixed as technology lagged and energy outperformed. Hosts highlighted bitcoin's failure to join the debasement trade, homebuilder gains tied to a 'Trump homes' affordability push, and a heavy after-hours earnings slate including Palantir, Amgen, Skyworks, PayPal, Novo Nordisk, Take-Two, Electronic Arts, and Chubb. Novo Nordisk and PayPal were notable decliners, while Silicon Labs surged on M&A talks with Texas Instruments.

U.S. stocks ended mixed; S&P 500 and Nasdaq fell, Russell 2000 rose.
Information technology was the worst-performing sector, while energy led on higher crude.
Bitcoin dropped to its lowest since Trump's election, lagging gold and the weak dollar.
Homebuilders rallied on a proposed 'Trump homes' affordable housing program.
Palantir, Amgen, and Take-Two reported strong results; Novo Nordisk and PayPal fell.
Silicon Labs soared after reports of advanced talks with Texas Instruments.
After-hours earnings included Chipotle, Clorox, Mondelez, Prudential, AMD, and others.

Ideas

Carol Massar Anchor, Bloomberg 0:28

Homebuilders rally on Trump homes program

Homebuilders are rallying as the sector pushes for a 'Trump homes' program to address U.S. affordability and allow private capital to deploy billions; details still need to be worked out, but investors are moving money into the space.

Carol Massar Anchor, Bloomberg 0:51

Bitcoin fails debasement trade, under pressure

Bitcoin has failed to participate in the debasement trade even as gold has rallied sharply and the dollar has weakened, and it remains under pressure, falling to its lowest level since Trump's election victory, suggesting it is not acting as digital gold.

Carol Massar Anchor, Bloomberg 2:50

Palantir guidance blowout drives upside

Palantir's fiscal 2026 revenue forecast significantly exceeded Wall Street expectations, pointing to annual revenue growth of 61%, and the company guided current-quarter sales to about $1.53 billion, driving the stock sharply higher.

Carol Massar Anchor, Bloomberg 4:17

Walmart AI transformation pays off

Walmart crossed a $1 trillion market cap for the first time, with the stock up 14% year-to-date after a 23% gain last year; its massive digital transformation and incorporation of AI across operations appear to be paying off, and investors are taking notice.

Tim Stenovec Anchor/Co-Host, Bloomberg TV & Radio 5:56

Novo Nordisk sales to drop sharply

Novo Nordisk said sales will drop 5% to 13% this year, worse than analysts expected, as Ozempic and Wegovy face tougher competition and the U.S. government's drug-price cuts hit the company; shares fell more than 14%.

Romaine Bostick Anchor, Bloomberg 6:38

Silicon Labs surges on TI talks

Silicon Labs shares soared about 39% after hours on a headline that Texas Instruments and Silicon Labs are in advanced talks, though details are scarce and the M&A setup is worth monitoring.

Romaine Bostick Anchor, Bloomberg 7:39

Take-Two GTA launch drives record outlook

Take-Two reported net bookings above estimates, and the CEO cited outperformance across all labels, ongoing momentum, and the highly anticipated Grand Theft Auto launch on Nov. 19, projecting record levels; shares rose nearly 5% after hours.

Stocks Fall Ahead of Earnings as Bitcoin Sinks to Post-Election Low | Closing Bell

Summary

Ideas

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