US Stocks Rally to Start February Amid Volatility in Gold, Silver, and Bitcoin

US equities rose on February 2, 2026, with the Dow Jones Industrial Average (^DJI) gaining over 500 points (1%), the S&P 500 (^GSPC) up 0.5%, and the Nasdaq Composite (^IXIC) climbing 0.6%, rebounding from Friday’s selloff driven by AI trade concerns and Fed uncertainty. Gold (GC=F) and silver (SI=F) remained volatile after silver posted its largest single-day drop on record on January 30. Bitcoin (BTC-USD) traded below $78,000, having fallen under $80,000 over the weekend for the first time since April 2025. Nvidia (NVDA) shares dropped more than 2% after CEO Jensen Huang downplayed a reported $100 billion OpenAI investment. Disney (DIS) slid over 7% on weaker earnings. Markets also reacted to President Trump’s nomination of Kevin Warsh to lead the Fed, improved January manufacturing data, and a new US-India trade deal lowering tariffs. The key February jobs report faces delay due to a partial government shutdown.