economy
February 3, 2026
Why the market is worried about Lilly's earnings but cautiously optimistic about housing stocks
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- Stock market declines, with technology sector leading the drop.
- Private credit and business development companies with software investments are impacted.
- Nvidia CEO Jensen Huang denies controversy with OpenAI.
- Eli Lilly shares fell due to disappointing guidance from rival Novo Nordisk.
- Novo Nordisk's weak forecast is attributed to declining U.S. business and intensifying competition.
- Housing-related stocks rallied on news of a potential pathway to ownership program.
- Upcoming earnings reports include AMD, Super Micro, Chipotle, Eli Lilly, and others.
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