Market Overview - U.S. equities closed in negative territory on February 2nd, 2026, with all three major benchmark indexes finishing lower amid cautious trading and sector-specific pressures [1] - The Dow Jones Industrial Average fell 0.4% to 48,892.47, the Nasdaq Composite dropped 0.9% to 23,461.82, and the S&P 500 lost 0.4% to 6,939.03 [2] Sector Performance - Seven of the eleven S&P 500 sectors closed in negative territory, with the Materials Select Sector SPDR declining 1.9%, Technology Select Sector SPDR down 1.3%, and Industrials Select Sector SPDR falling 0.3% [3] - The Consumer Staples Select Sector SPDR was a standout, gaining 1.4% [3] Corporate Earnings and Developments - Over one hundred S&P 500 companies are set to report earnings, with notable tech giants Amazon and Alphabet among them [4] - Oracle announced plans to raise between $45 billion and $50 billion in 2026 to expand capacity for its cloud infrastructure, but its stock fell 1% following the announcement [7] - Nvidia shares declined 2.5% due to stalled investment plans in OpenAI, raising concerns about the AI sector [8] - The Walt Disney Company saw a nearly 7% drop in stock despite reporting better-than-expected quarterly results, influenced by CEO succession concerns [9] - Palantir is expected to report results after the market close, with its stock under pressure, down about 30% from its record high [10] Sector Highlights - SanDisk and Western Digital were top performers in the S&P 500, rising 14% and 8% respectively, driven by strong demand from the AI sector [11] - Caterpillar and Walmart led the Dow with gains of 4.5% and 4% respectively [11] - IDEXX Laboratories shares fell 5.5% due to ongoing pressure on clinical visits [12] Economic Indicators - The Producer Price Index (PPI) increased by 0.5% in December, with core PPI rising 0.4% [5] - The ISM manufacturing index indicated U.S. factory activity expanded in January for the first time in a year, exceeding expectations [5] Geopolitical and Commodity Developments - Precious metals saw sharp declines, with gold futures falling over 11% and silver futures plunging over 31%, reflecting rising Treasury yields and policy uncertainty [13] - Crude oil prices eased, with Brent crude down 5% to $65.80 per barrel, attributed to de-escalation of tensions between the U.S. and Iran [14]

Core Insights - Zomedica Corp. has expanded its distribution agreement with UXR Inc. to enhance access to its veterinary health products in Canada [1] Group 1: Agreement Details - UXR Inc. will become the exclusive distributor of Zomedica's PulseVet® system in Canada [1] - UXR will also be the co-exclusive distributor of the system's consumable Trode accessories [1]