The Daily

S&P 500 Dow Nasdaq January performance: US stocks finished lower on Friday as pressure on technology shares continued, even as investors reacted positively to US president Donald Trump’s decision to nominate Kevin Warsh as the next Federal Reserve chair, as per a report.

S&P 500, Dow Jones, Nasdaq Slide as US Tech Stocks Remain Under Pressure

The S&P 500 slipped 0.43% to 6,939.03,

 » Read more about: S&P 500, Dow Jones, Nasdaq drops today amid silver and gold price crash – here's how US stock market performed in January  »

 » Read more about: Trump Nominates Kevin Warsh as Federal Reserve Chair  »

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The price of silver plummeted Friday, following President Donald Trump’s announcement that he will nominate economist Kevin Warsh to chair the Federal Reserve.

Spot silver prices had dropped by more than 37% just before 5 p.m. ET, to around $84.63 a troy ounce. Precious metals trade nearly 24 hours a day.

 » Read more about: Silver plummets after Trump taps Kevin Warsh to chair Federal Reserve  »

A day of dramatic swings on Wall Street, including the worst day for Microsoft in years, finished with only relatively modest moves.

The S&P 500 edged down by 0.1% Thursday after flirting with its record high in the morning and falling by as much as 1.5% in the midday hours. The Dow Jones Industrial Average added 0.1%,

 » Read more about: How major US stock indexes fared Thursday, 1/29/2026  »

US stocks slid on Friday as President Trump said he would nominate Kevin Warsh to lead the Federal Reserve, against a background of a rising dollar and a screeching halt to 2026’s roaring metals rally.

The S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) fell 0.4% and 0.9%,

 » Read more about: Stock market today: Dow, S&P 500, Nasdaq slide to cap volatile week and month, metals sink after Trump taps Warsh for Fed  »

The memory shortage got a lot of attention on Apple’s earnings call.

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President Donald Trump has nominated Kevin Warsh as the next chairman of the Federal Reserve.

Trump nominated the former Federal Reserve governor on Jan. 30. If confirmed by the Senate, Warsh would succeed current Fed Chair Jerome Powell, whose term ends in May.

Powell has drawn repeated criticism from Trump over the past year for resisting calls to lower interest rates,

 » Read more about: Trump picks Kevin Warsh as new Federal Reserve chair. What to know  »

President Donald Trump on Friday nominated Kevin Warsh to serve as the next chairman of the Federal Reserve, setting up a confirmation process that could prove contentious as it moves through the Senate.

 » Read more about: Lawmakers react to Trump nominating Kevin Warsh for Federal Reserve chairman  »