Earnings Packed Week Challenges Metals & Bitcoin "Shaking the Market"
Schwab Network
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February 02, 2026 at 02:46 PM UTC
Bearish
90% Confidence
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Key Points
- Equity futures are mostly lower to start the trading week, with S&P 500, NASDAQ-100, and Russell 2000 futures all down, while Dow Jones futures show a slight gain.
- Metals markets, including gold and silver, saw significant sell-offs on Friday, with gold futures down and silver futures showing a rebound, indicating extreme volatility.
- Bitcoin futures fell below $80,000 for the first time since April, reflecting a 'shaking' in the crypto market due to broader volatility and questions about its intrinsic value.
- Crude oil futures are down significantly (around 4.5%) due to OPEC+ maintaining current production levels, increased oil shipments from Venezuela, and softening US-Iran tensions.
- The week is packed with high-profile earnings (Palantir, AMD, Google, Amazon) and critical labor data (JOLTS, ADP Employment, Jobless Claims, January Jobs Report).
AI Summary
The week begins with futures mostly lower, driven by significant volatility in metals and cryptocurrencies, particularly Bitcoin's drop below $80,000. Key earnings from tech giants and upcoming labor data are expected to fuel further market movements. Crude oil is also experiencing pressure due to OPEC+ decisions and easing geopolitical tensions.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Bearish | 90% |
| Consensus | Bearish | 90% |