Stock market today: Dow, S&P 500, Nasdaq futures plunge ahead of week defined by Trump's Fed pick, jobs data

US banal futures tumbled aboriginal connected Monday aft a melodramatic sell-off successful golden and metallic unnerved investors, with tech starring the mode arsenic AI commercialized worries circled and Federal Reserve uncertainty deepened.

Nasdaq 100 futures (NQ=F) dropped 1%, portion those connected the S&P 500 (ES=F) fell astir 0.8%. Contracts connected the Dow Jones Industrial Average (YM=F), which includes less tech names, slid 0.6%. All 3 indexes retraced deeper losses overnight that followed a crisp reversal connected Wall Street connected Friday.

Stocks stay nether aggravated selling unit arsenic precious metals proceed a rollercoaster thrust that has seen them unwind overmuch of 2026's astir rip-roaring rally successful caller days. Gold concisely fell arsenic overmuch arsenic 10% connected Monday, portion metallic (SI=F) sank implicit 15%, having tumbled astir 30% successful its biggest single-day driblet connected grounds successful a Friday wipeout. Both were paring losses astatine past check.

Over the weekend, bitcoin (BTC-USD) sank beneath the $80,000 people for the archetypal clip since April, extending losses aft a volatile extremity to past week. The cryptocurrency was past trading conscionable beneath $77,000 per token.

Wall Street is heading into a caller period jittery aft President Trump announced Kevin Warsh arsenic his nominee to pb the Federal Reserve. That determination has opened the doorway to speculation connected what volition hap to involvement rates implicit the coming months, with astir traders inactive expecting 2 complaint cuts by the extremity of the year.

Investors are besides digesting caller uncertainty astir Nvidia (NVDA) and the broader artificial quality trade. Big Tech has led marketplace moves passim the commencement of 2026 with an ever-increasing appetite for net starring companies successful other directions.

The week up brings a question of firm earnings, with much than 100 S&P 500 (^GSPC) companies acceptable to study results. High-profile names connected the calendar see Amazon (AMZN), Alphabet (GOOG), Disney (DIS), Palantir (PLTR), and Advanced Micro Devices (AMD).

Data releases this week see the all-important January jobs report, owed Friday morning. Economists expect payrolls to person added 65,000 jobs past month, with the unemployment complaint acceptable to clasp astatine 4.4%.

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