Stock Market Today: Dow Sinks On Inflation, Fed News; Gold, Silver Stocks Plunge (Live Coverage)

The final trading day of January was a volatile one on Wall Street Friday as investors weighed a hotter-than-expected reading on inflation alongside news of a new Fed chair nominee. Meanwhile, gold stocks came under heavy selling pressure and silver plunged more than 27% on the stock market today after a torrid run.

Earnings moved several components of the Dow Jones Industrial Average, including Apple (AAPL), Chevron (CVX), American Express (AXP) and Verizon (VZ), which jumped nearly 12%. Meanwhile, Tesla (TSLA) rallied on news it’s considering it’s a merger with SpaceX.

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						Stocks Fall To Key Levels, Silver Dives; Meta, Viking, Guardant Health In Focus

The Dow lost 179 points or 0.4%, while the S&P 500 fell 0.4%. The tech-heavy Nasdaq composite posted a 0.9% loss. Small caps on the Russell 2000 underperformed with a decline of 1.6%. Breadth was about 2-1 negative on the Nasdaq but improved quite a bit on the New York Stock Exchange to roughly 4-3 negative

These Consumer Stocks Outperform

Consumer staple stocks like Colgate-Palmolive (CL), Church & Dwight (CHD) and General Mills (GIS) outperformed in the S&P 500 with gains of more than 4% to nearly 6%.

In the telecom sector, Charter Communications (CHTR), T-Mobile (TMUS) and Comcast (CMCSA) outperformed in the Nasdaq 100 with gains north of 1.5% to nearly 8%.

The Innovator IBD 50 (FFTY) exchange traded fund, which is heavily weighted in gold stocks, plunged more than 7%. Just after the stock market close, gold futures traded around $4,825 an ounce, down nearly 10.

Leading gold stocks in the IBD 50 down more than 14% up to nearly 17% included Coeur Mining (CDE), Aris Mining (ARMN), Aura Minerals (AUGO) and Gold Fields (GFI), among others.

Futures: Risk-Off Shift For Market?

3:31 p.m. ET

Stock Market Today: Tesla A Top Gainer

Tesla was one of the top gainers in the Nasdaq 100, up more than 3%. It’s still on a downtrend, though, and below its 50-day moving average on the heels of its fourth-quarter earnings report.

But several technology leaders took big hits in the Nasdaq 100 as data storage names like Western Digital (WDC), down 14%, and Seagate (STX), which slumped more than 10%. Advanced Micro Devices (AMD) gave back more than 6% ahead of next week’s earnings report.

Palantir (PLTR), Alphabet (GOOGL) and Amazon.com (AMZN) are also on next week’s earnings calendar. Palantir plunged more than 4% while Alphabet and Amazon ticked lower.

Further, Guardant Health (GH) was a bright spot in the IBD 50, up nearly 3%. The cancer diagnostics firm reclaimed a 112.42 entry after a bounce off its 50-day moving average.

Two S&P 500 sectors were notable for their positive action amid the broad market sell-off. Consumer staples, health care and energy were in the green, while technology and materials lagged with losses of 1.5% to 2%.

2:36 p.m. ET

Gold, Silver Hit While Fiber Optics Group Thrives

Gold futures were down more than 8% to just below $4,900 an ounce. After eight straight gains, the SPDR Gold Shares (GLD) exchange traded fund plunged 9%. It moved off lows as it tests its 21-day exponential moving average.

Silver, meanwhile, plummeted nearly 27% to just above $84 an ounce. The iShares Silver Trust (SLV) pierced its 21-day line and could be poised for a test of its 50-day line just below 67.

Conversely, Investor’s Business Daily’s Telecom-Fiber Optics group was one of the day’s top performers, up more than 2%. Lumentum (LITE) outperformed in the group, up more than 4% ahead of next week’s earnings report.

1:51 a.m. ET

Stock Market Today: Verizon Soars On Subscription Growth

Verizon Communications (VZ) soared more than 10% after its fourth-quarter report. The telecommunications giant reported $1.09 in earnings per share on sales of $36.4 billion, above views of $1.05 in earnings per share on $36.1 billion in sales.

The company said wireless subscription growth also topped estimates for the quarter, as did its profit outlook for 2026. Verizon also announced a $25 billion buyback program.

Shares gapped up to clear their 200-day moving average, breaking a nearly four-month-long downtrend.

1:05 p.m. ET

Eli Lilly Announces Massive Manufacturing Plans

In other news, obesity drug leader Eli Lilly (LLY) notched a gain of nearly 2% after the company announced plans to build a new manufacturing facility in Lehigh Valley, Pa., to make next-generation obesity drugs. The $3.5 billion investment will be Eli Lilly’s fourth U.S. manufacturing project since February 2025.

The stock has yet to undo recent technical damage when it fell more than 7% below a buy point of 1,111.99. The stock remained below its 50-day moving average Friday.

12:20 p.m. ET

Government Shutdown Looms; American Express Falls

Investors waited for updates on a possible partial government shutdown that could begin as early as Saturday. A planned Senate vote stalled over a funding deal to keep government agencies open.

With approvals required from both chambers of the government — and the House of Representatives not returning to Washington until Monday — a partial government shutdown beginning 12:01 a.m. ET Saturday appeared difficult to avert, CNBC reported.

In stocks,** American Express** (AXP) fell nearly 4% after the Dow component missed analyst expectations by one cent.

Fourth-quarter earnings came in at $3.53 per share, though revenue of $18.98 billion beat views of $18.92 billion. Shares undercut their base that had a buy point of 387.49.

11:48 a.m. ET

Gold Tumbles

Gold fell more than 5% to trade at just a little above $5,000 an ounce, taking several gold stocks lower with it, while Comex silver fell below $100.

In the S&P 500, Newmont (NEM) fell more than 8% while several growth leaders in the IBD 50 tumbled. Coeur Mining (CDE), Gold Fields (GFI),** First Majestic Silver** (AG), AngloGold Ashanti (AU) and Alamos Gold (AGI) were the top five losers, plunging 10% or more.

11:10 a.m. ET

Chevron Extends Gains On Earnings, Venezuela In Focus

Chevron (CVX) climbed 1.5% in late morning trade, extending its recent gains as it reported an earnings beat for its fourth quarter. The oil giant and Dow component said earnings came in at $1.52 per share on sales of $46.87 billion. Analysts had called for $1.42 in earnings per share with sales of $46.79 billion.

Chevron is the only U.S. oil producer with a presence in Venezuela. The company said it can ramp up production in that country by 50% in 18-to-24 months, Barron’s reported.

Shares headed higher above buying range from a buy point of 161.86, and were on track for a six-day winning streak.

10:23 a.m. ET

Stock Market Today: Visa Falls Despite Earnings Beat

Visa (V) dropped 2% even though the credit card giant reported better-than-expected results for its fiscal first quarter.

The company said earnings were $3.17 per share with sales coming in at $10.9 billion. Analysts polled by FactSet had called for $3.14 in earnings per share and sales of $10.4 billion.

A breakout at 356.73 in early January failed amid reports of President Donald Trump considering a one-year credit card interest cap of 10%. Visa shares triggered a sell signal by falling below their 50-day moving average in the middle of the month in heavy volume.

9:40 a.m. ET

Nasdaq 100 Winners, Losers: Micron, AMD, AppLovin

Among the Nasdaq 100 stocks, Micron Technology (MU) and T-Mobile US (TMUS) rallied roughly 3% each, making them some of the best performers just after the market open.

Meanwhile, Advanced Micro Devices (AMD) and AppLovin (APP) sold off nearly 4% and more than 2%, respectively, in morning trade.

9:09 a.m. ET

Dow Jones Movers: Merck, Amazon, Nvidia

Inside the blue chip index, Merck (MRK) and Microsoft (MSFT) climbed 1.3% and 0.4%, respectively, in early morning action.

On the downside, Amazon (AMZN), Caterpillar (CAT) and Nvidia (NVDA) all fell roughly 1% in premarket trading Monday.

8:39 a.m. ET

Stock Market Today: Surprise Inflation Data

Early Friday, the Labor Department said the Producer Price Index rose 0.5% in December, with an annual increase of 3%. Both were hotter than expected. The core Consumer Price Index climbed 0.7% on the month, above estimates, with a year-over-year rise of 3.3%.

8:08 a.m. ET

Trump Nominates New Fed Chairman

Early Friday, President Donald Trump named former Federal Reserve Gov. Kevin Warsh to be his nominee for Fed chairman in a Truth Social post.

Fed Chairman Jerome Powell’s term ends on May 15, but he could choose to stay as a Fed governor until early 2028.

Stock Market Predictions For 2026? Worthless. This Approach? Priceless.

Tesla Stock Rallies

Tesla stock raced more than 2% higher Friday premarket on news that SpaceX is considering a merger with the electric-vehicle giant or xAI, Elon Musk’s artificial intelligence company, before the private space company’s expected initial public offering later this year.

Shares of the EV leader declined 3.5% Thursday after the company’s fourth-quarter earnings results. They remain below their 50-day moving average.

Stock Market Today: Apple Slides On Earnings

Dow Jones tech giant Apple dropped 1% Friday premarket even after the iPhone maker topped Wall Street’s targets for the December quarter, thanks to strong iPhone sales. The company also provided a better-than-expected forecast for the current quarter.

Apple earned $2.84 a share on sales of $143.8 billion in its fiscal first quarter, amounting to year-over-year increases of 18% and 16%, respectively. FactSet had expected earnings of $2.67 a share on sales of $138.4 billion.

Apple stock is trying to rebound further from sharp losses since early December.

**Postgame Analysis Of 2025 Stock Picks Increases Chances For Profitable 2026

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Other Earnings Movers: Deckers, KLA, Sandisk

Other earnings movers Friday morning include Deckers Outdoor (DECK), KLA (KLAC), Sandisk (SNDK), Visa (V) and Western Digital (WDC), along with American Express (AXP), Chevron (CVX), SoFi Technologies (SOFI) and Verizon Communications (VZ).

Deckers stock surged more than 12% in premarket trading, while KLA shares plunged in excess of 7%. Sandisk stock soared 23%, as Visa shares lost nearly 1%. Western Digital shares climbed 1.5%.

Further, American Express stock sold off nearly 3%, as Chevron stock inched higher. Finally, SoFi shares jumped more than 7%, while Verizon stock rallied nearly 2%.

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Stock Market Today: Inflation Data

Early Friday, the Labor Department’s Producer Price Index is due out at 8:30 a.m. ET.

December’s PPI is expected to rise 0.2% on the month, with an annual increase of 2.9%. The core PPI, which excludes food and energy, is anticipated to rise 0.3% in December, per Econoday.

Funds Plow Money Into AppLovin, Broadcom, Google — And This Top 100 Stock

_Be sure to follow Scott Lehtonen on X _at @IBD_SLehtonen for more on growth stocks, the Dow Jone__s Industrial Average and the stock market today.

Follow Ken Shreve on X @IBD_KShreve for more stock market analysis and insight.

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