U.S. Stocks Jump to Start February as ISM Data Surges; Gold and Bitcoin Falter
U.S. stocks rose to begin February after ISM manufacturing data topped expectations, with the Dow up about 500 points and the S&P 500 and Nasdaq higher; tech names like Palantir, SoFi, Tesla and Nvidia helped lead gains, while gold and Bitcoin fell as Fed concerns weighed on risk assets.