Stocks fell on Wall Street, while gold and silver prices plunged as investors tried to gauge what President Donald Trump’s new nominee to lead the Federal Reserve will mean for interest rates
ByThe Associated Press
January 30, 2026, 4: 25 PM
Stocks fell on Wall Street, while gold and silver prices plunged as investors tried to gauge what President Donald Trump’s new nominee to lead the Federal Reserve will mean for interest rates.
The S&P 500 dropped 0.4% after sinking as much as 1.1% earlier on Friday. The Dow Jones Industrial Average fell 0.4%, and the Nasdaq composite lost 0.9%.
The value of the U.S. dollar rallied but only after swiveling a couple times. Gold’s price dropped 11%