Market Brief: Tuesday, February 3, 2026 US Markets: AI Optimism Meets Volatility Wall Street saw significant activity today as the **S&P 500** traded near record levels before facing volatility. The session was defined by a massive surge in **Palantir Technologies (PLTR)**, which jumped over **11%** following a blowout earnings report. The data analytics firm reported **70%** revenue growth and issued strong guidance for 2026, reigniting investor enthusiasm for AI-driven software. Despite the tech boost, broader market sentiment appeared mixed. While the **Nasdaq** and **S&P 500** benefited from individual tech wins, there were signs of rotation as investors weighed valuations against economic data. Commodities: Sharp Rebound for Precious Metals Gold and silver staged a dramatic recovery after recent heavy sell-offs. **Silver** prices vaulted approximately **13%**, erasing a significant portion of previous losses. **Gold** also saw strong buying interest, climbing roughly **4–6%** as bargain hunters entered the market, stabilizing the sector after days of intense liquidation. Global Markets: Asian Records & European Moves International markets displayed divergent trends with standout performances in Asia. * **Japan:** The **Nikkei 225** surged to a new record close, driven by tech strength. * **South Korea:** The **KOSPI** rallied nearly **7%**, also hitting record levels. * **Europe:** The **FTSE 100** briefly touched an intraday record high before retreating, while other major European indices like the **DAX** posted moderate gains, supported by stabilizing commodity prices. Key Takeaway The "AI trade" remains a potent market force, as evidenced by Palantir’s performance, even as broader indices grapple with high valuations. Meanwhile, the swift snap-back in precious metals suggests that the recent commodity dip was viewed by many as a buying opportunity rather than a fundamental shift.