Stock Markets February 2, 2026

JOLTs Release and Fed Comments to Dominate Market Focus on Tuesday

Job openings data and remarks from Fed officials, including Michelle Bowman, top a slate of releases that traders will watch for cues on the economy and energy demand

By Maya Rios
JOLTs Release and Fed Comments to Dominate Market Focus on Tuesday

Traders will face a busy economic calendar on Tuesday, February 3, 2026, highlighted by the Bureau of Labor Statistics' JOLTs job openings report and remarks from Federal Reserve Governor Michelle Bowman. Market participants will also watch other Fed commentary, consumer spending indicators and an industry crude oil inventory report that can influence equity and energy markets.

Key Points

  • The JOLTs job openings report for January is due at 10:00 AM ET, with an expected reading of 7.210M versus the prior 7.146M; it measures U.S. job vacancies and labor demand.
  • Federal Reserve Governor Michelle Bowman speaks at 9:40 AM ET and her remarks are likely to be scrutinized for clues on the Fed's monetary policy outlook; Richmond Fed President Thomas Barkin will also speak at 8:00 AM ET.
  • Energy markets will monitor the API weekly crude stock report at 4:30 PM ET (previous -0.247M) for indications on U.S. petroleum demand that can affect crude prices.

As markets prepare for the opening bell on Tuesday, February 3, 2026, a compact set of data releases and policy remarks is scheduled that could affect market sentiment. The Job Openings and Labor Turnover Survey (JOLTs) from the Bureau of Labor Statistics is the marquee data point, offering a snapshot of vacancies and labor demand. Investors will pair that reading with comments from Federal Reserve Governor Michelle Bowman as they search for any guidance on the central bank's monetary policy stance.

Major Economic Events to Watch

  • 10:00 AM ET - JOLTs Job Openings (Jan): Expected 7.210M vs. previous 7.146M. This survey measures job vacancies across the United States and serves as an important gauge of labor market demand and overall economic health.

Other scheduled items that market participants will monitor

  • 9:40 AM ET - FOMC Member Bowman Speaks: Remarks by Federal Reserve Governor Michelle Bowman are likely to be examined closely for any indications about the Fed's monetary policy outlook.
  • 4:30 PM ET - API Weekly Crude Stock: Previous -0.247M. The American Petroleum Institute's weekly oil inventory snapshot can provide traders with an early read on U.S. fuel demand and has the potential to move crude prices.
  • 8:00 AM ET - FOMC Member Barkin Speaks: Richmond Fed President Thomas Barkin's comments may offer an additional perspective on regional economic conditions and the Fed's assessment.
  • 8:55 AM ET - Redbook: Previous 7.1%. This index tracks year-over-year same-store sales growth at large U.S. retailers and gives a near-term view of consumer spending trends.
  • 10:10 AM ET - IBD/TIPP Economic Optimism (Feb): Expected 47.9 vs. previous 47.2. This measure gauges changes in consumer economic sentiment.

Collectively, these items create a compact but consequential timetable for traders assessing evidence of economic strength or weakness. The JOLTs reading will be used alongside consumer spending indicators and commentary from Fed officials to form a more complete view of labor market conditions and potential implications for monetary policy. Separately, the API crude stock number will be watched for its implications on petroleum demand and near-term crude price movements.


Where attention is likely to be focused

Participants in equity and fixed-income markets will be attentive to the JOLTs report and Fed commentary for any signals about inflationary pressures and the path of interest rates. Energy market participants will follow the API inventory change for indications of demand and supply balance.

Because these events are concentrated within a single trading day, market sensitivity to the reports and speeches may be heightened, with traders parsing the data and public remarks for incremental information.

Risks

  • Economic releases such as JOLTs or consumer spending indexes may show unexpected strength or weakness, creating volatility in equity and fixed-income markets - affecting sectors sensitive to interest rates and consumer demand.
  • Comments from Federal Reserve officials could leave market participants uncertain about the future direction of monetary policy, increasing short-term sensitivity in interest-rate-sensitive assets.
  • A surprising API crude inventory result could shift oil-price expectations and introduce volatility for the energy sector and related equities.

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