Market Summary – January 30, 2026
On January 30, 2026, the stock market experienced a broad sell-off, led by declines in precious metals and growth stocks. The S&P 500 fell 0.43% to 6,939.03, the Nasdaq Composite dropped 0.94% to 23,461.82, and the Dow Jones Industrial Average slipped 0.36% to 48,892.47.
Gold and silver prices plummeted, with silver experiencing its largest single-day drop on record, falling over 35%. Gold futures fell 11% before partially recovering. This decline was largely attributed to market expectations surrounding President Trump’s anticipated nomination of Kevin Warsh to lead the Federal Reserve, as Warsh is perceived as likely to adopt a less accommodative monetary policy. Despite the sharp pullback, both metals still ended the month with gains.
Within the stock market, megacap tech companies showed some resilience, limiting earlier losses. Microsoft declined 0.74% and Apple rose slightly, gaining 0.46% following positive after-hours earnings. Walmart and Coca-Cola were among the few stocks to post gains, rising 1.47% and 1.94% respectively. However, skepticism surrounding artificial intelligence continued to pressure the Nasdaq, and healthcare stocks faced headwinds due to proposed changes to Medicare Advantage rates.
Disclaimer: Emma Newbery has positions in Apple. The Motley fool has positions in and recommends Apple, Microsoft, and Walmart.
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