Stock Market Opens Lower Amid Inflation Concerns

Stock Market Update

U.S. stock markets opened lower on February 1, 2026, with the S&P 500 slipping 1.2%. Investors are cautious ahead of the upcoming Federal Reserve meeting, where interest rate policies will be discussed.

Job Growth Data Released

The Labor Department reported that 250,000 jobs were added in January, exceeding analysts’ expectations. Unemployment remains steady at 4%, indicating a robust job market despite economic uncertainty.

Oil Prices Surge

Crude oil prices jumped 3% to $85 per barrel following geopolitical tensions in the Middle East. Analysts predict prices may rise further if conflicts escalate.

Tech Earnings Reports

Major tech companies, including Apple and Microsoft, are set to release earnings this week. Analysts forecast strong revenue growth, driven by increased demand for cloud services and consumer electronics.

Inflation Concerns Persist

Inflation rates remain a concern as consumer prices rose 0.4% in January. The year-over-year inflation rate stands at 6%, prompting discussions on potential policy adjustments by the Federal Reserve.