MARKET UPDATE | February 2, 2026
- James C. McGrath
- Feb 2
- 1 min read
Stocks edged higher in the week ending last Friday as the S&P 500 rose 0.3% to close at 6,939.03, extending its January gain to 1.4%. The benchmark finished just below its recent record close of 6,978.60 and briefly touched a new intraday high above 7,000 earlier in the week, underscoring continued resilience despite a modest advance. Trading was driven largely by quarterly earnings. Companies including Sandisk and Visa reported better-than-expected results, while Tractor Supply was among those that fell short of forecasts. In Washington, President Donald Trump nominated former Federal Reserve governor Kevin Warsh to lead the central bank.
Comments