US Lowers Tariffs on India – SpaceX Acquires xAI – Palantir's Quantum Leap – OpenAI Explores Alternatives to Nvidia for AI Inference Chips – OpenClaw Fuels Fantasies and Concerns Around Autonomous AI Agents – Amazon Cuts Thousands of Jobs Again

On Monday, February 2, 2026, the three major US stock indices surged dramatically, making a clear statement after a previously volatile trading week. The Dow Jones ended the day with a solid gain of about 1.1%, closing around 49,408 points, marking a robust comeback after the losses of recent days. The S&P 500 gained about 0.5% and closed the session at 6,976 points, just a stone's throw away from its all-time high. The tech-heavy Nasdaq Composite also showed strength, ending with a rise of about 0.6% at around 23,592 points, supported by...