Tech Stocks, Gold, and Silver Rally as Trump's Unpredictability Weighed On the Dollar

Barry Adams
28 Jan, 2026
New York City

Wall Street indexes extended weekly advances ahead of the Fed's rate decisions and quarterly results from leading tech companies.

The S&P 500 index increased 0.4%, and the tech-heavy Nasdaq Composite index gained 0.7% as investors awaited earnings reports from Meta Platforms, Microsoft, and Meta Platforms Wednesday after the close of the regular trading session. 

Health insurance stocks extended two-day losses amid pessimism about revenue growth over the next two years as the Trump administration proposed a 0.1% increase in payout for key insurance plans. 

Gold surged 1.8% to $5,276.31 a troy ounce, and silver gained 1% to $113.18 an ounce after the U.S. president said he was not concerned about the recent decline in the dollar.

The U.S. dollar weakened for the fifth session in a row and hovered at a four-year low against a basket of currencies amid U.S. policy uncertainty, the chaotic trade policy of the Trump administration, and the attacks on the Federal Reserve's independence. 

 

U.S. Movers 

Texas Instruments gained 9.3% to $215.0 after the advanced chipmaker issued a better-than-expected outlook for the first quarter. 

The company estimated revenue between $4.3 billion and $4.7 billion, and earnings per share between $1.22 and $1.48. 

Seagate Technology soared 11% to $411.0 after the digital storage infrastructure company reported higher-than-expected earnings in its latest quarter. 

Revenue in the fiscal second quarter increased to $2.8 billion, and adjusted earnings per share were $3.11. 

Qorvo Inc. dropped 11% to $73.70 after the chipmaker's current quarter guidance fell short of market expectations. 

The company reported higher-than-expected results in the fiscal third quarter, and revenue increased to $993 million, and earnings per share were $2.17.