Wall Street opens higher while gold and silver claw back losses
February 2, 2026
Wild swings that swept through financial markets overnight are calming a bit as Wall Street opens for trading. U.S. stocks are falling modestly early Monday following gains in Europe and sharp drops in Asia, while gold and silver prices rallied back from severe earlier losses. The S&P 500 fell 0.2% and is on track for a fourth straight modest loss. The Dow Jones Industrial Average fell 173 points, and the Nasdaq composite lost 0.2%. Big technology stocks weighed on the market, including Nvidia, whose chips are powering much of the world’s move into artificial-intelligence technology. The losses were much worse in Asia, where AI winners plunged.