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Wall Street dipped then rebounded Feb. 2, 2026, on gold's drop, hawkish Fed pick, and looming shutdown.
Wall Street opened lower on February 2, 2026, as gold and silver plunged, triggering market volatility.
The Dow, S&P 500, and Nasdaq initially declined, but rebounded midday, with the S&P 500 and Nasdaq turning positive.
A sharp drop in precious metals, linked to President Trump’s nomination of a hawkish Fed chair, unsettled investors.
Markets awaited key economic data and earnings from major tech firms.
Energy stocks fell on easing oil price pressures, while rare earth companies rose on news of a U.S. minerals stockpile.
Disney dropped despite strong results.
A partial government shutdown loomed after Congress failed to pass funding legislation.
Wall Street se desplomó y luego se recuperó el 2 de febrero de 2026, con la caída del oro, la elección de la Fed y el cierre inminente.