Russell 2000 Rallies, Gold And Silver Extend Losses: What's Moving Markets Monday?

Wall Street rebounded at the start of the new month after Friday's broad sell-off, but pressure on precious metals intensified as investors reassessed the Fed outlook.

• Walt Disney stock is showing notable weakness. Why are DIS shares down?

By midday trading in New York, the Russell 2000 outperformed large-cap peers, rising 1.4% after losing 1.6% Friday. The Nasdaq 100 jumped 1.1%, while the S&P 500 rose 0.7%.

Markets digested the fallout from President Donald Trump's nomination of Kevin Warsh as the next Federal Reserve chair, a move seen as signaling a more hawkish stance on the central bank’s balance sheet.

Gold extended Friday's rout, sliding more than 4% from Friday's close to $4,670 per ounce. Silver plunged 8% to $77.88. On Friday, gold had dropped 9%, while silver collapsed 26%.

Economic data added to the upbeat tone on the stock market. The ISM Manufacturing PMI unexpectedly surged to three-year highs, signaling renewed momentum in factory activity.

Meanwhile, the Bureau of Labor Statistics said January's jobs report will not be released this Friday due to the partial government shutdown in Washington.

In earnings, Walt Disney Co. (NYSE:DIS) fell 6% despite reporting better-than-expected quarterly results. IDEXX Laboratories Inc. (NASDAQ:IDXX) also slid 6% after issuing cautious guidance.

Energy markets sold off sharply. Natural gas prices plunged 25% on milder weather forecasts. Crude oil dropped more than 5% as the U.S. administration prepared to meet Iranian officials in Istanbul on Friday for nuclear deal talks.

In digital assets, Bitcoin (CRYPTO: BTC) rebounded 2.6% to $78,900 after touching $74,500 overnight, its lowest level since April 9, 2025.

Palantir Technologies Inc. (NASDAQ:PLTR) is due to report quarterly results after the close.

Monday's Performance In Major US Indices, ETFs

According to Benzinga Pro data:

• The Vanguard S&P 500 ETF (NYSE:VOO) moved 0.63% higher to $640.20.
• The SPDR Dow Jones Industrial Average (NYSE:DIA) advanced 0.93% to $493.58.
• The tech-heavy Invesco QQQ Trust Series 1 (NASDAQ:QQQ) gained 0.92% to $627.60.
• The iShares Russell 2000 ETF (NYSE:IWM) climbed 1.32% to $263.09.
• The Technology Select Sector SPDR Fund (NYSE:XLK) outperformed, up 1.4%; the Energy Select Sector SPDR Fund (NYSE:XLE) lagged, down 1.3%.

Russell 1000’s Top 5 Gainers On Monday

Russell 1000's Top 5 Losers On Monday

The image was created using the artificial intelligence MidJourney.