{"id":487789,"date":"2026-01-02T19:50:08","date_gmt":"2026-01-02T19:50:08","guid":{"rendered":"https:\/\/www.europesays.com\/us\/487789\/"},"modified":"2026-01-02T19:50:08","modified_gmt":"2026-01-02T19:50:08","slug":"wall-street-mixed-on-the-first-trading-day-of-2026-precious-metals-resume-rally","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/487789\/","title":{"rendered":"Wall Street mixed on the first trading day of 2026; precious metals resume rally"},"content":{"rendered":"<ul data-testid=\"Summary\" class=\"summary-module__summary__QjADA\">\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">European shares hit record highs, FTSE 100 reaches 10,000 points<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Gold, silver rise amid geopolitical tensions, dollar remains flat<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Fed&#8217;s future policy and AI investments closely watched in 2026<\/li>\n<\/ul>\n<p>NEW YORK, Jan 2 (Reuters) &#8211; U.S. stocks faded after the opening bell on Friday, as the Nasdaq clung to gains due to semiconductor strength and precious metals extended their rally.<\/p>\n<p>All three major U.S. indexes pared earlier gains, on the verge of extending their four-session losing streaks as investors ended the week and began the year.<\/p>\n<p data-testid=\"promo-box\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h\"> Sign up  <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/china\/global-markets-global-markets-2026-01-02\/undefined?location=article-paragraph&amp;redirectUrl=%2Fworld%2Fchina%2Fglobal-markets-global-markets-2026-01-02%2F\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" target=\"_blank\" rel=\"noopener\">here.<\/a><\/p>\n<p>All three indexes were on track to post losses for the holiday-shortened week.<\/p>\n<p>&#8220;When you turn the page for a new year and you&#8217;re a money manager, you&#8217;re waiting to see, you know, what&#8217;s going to be, for lack of a better word, the vibe for the coming year,&#8221; said Thomas Martin, senior portfolio manager at Globalt in Atlanta. &#8220;The narrative itself doesn&#8217;t change at all. So far this morning, the winners of 2025 &#8230; are doing fairly well.&#8221;<\/p>\n<p>Gold&#8217;s 2025 rise was its biggest in 46 years, while silver and platinum made their largest gains on record, driven by a cocktail of factors including the Fed&#8217;s rate cuts, geopolitical flashpoints, robust central bank buying and ETF inflows.<\/p>\n<p>Stocks made strong gains in 2025 as markets weathered a year of tariff wars, the longest government shutdown in U.S. history, geopolitical strife as well as threats to central bank independence.<\/p>\n<p>THE FED&#8217;S YEAR AHEAD<\/p>\n<p>Markets will focus on monetary policy in the year ahead, as Jerome Powell approaches the end of his tenure as Federal Reserve chair and economic data releases return to their more regular and current release schedule in the aftermath of the federal government shutdown. A spate of delayed indicators due in the coming days could be key in determining the path forward for the central bank.<\/p>\n<p>&#8220;One of the most important things will be maintaining Fed independence,&#8221; Martin added. &#8220;Even though the newest members were appointed by (U.S. President Donald) Trump and they&#8217;re more dovish, they want to at least give the appearance that the Fed is independent because once you lose that, you&#8217;re kind of like in trouble.&#8221;<\/p>\n<p>The extent to which markets begin to reap the benefits of massive investments in nascent artificial-intelligence technology will also likely receive close scrutiny in the year ahead.<\/p>\n<p>The new year also promises to deliver some geopolitically driven volatility, with U.S. congressional midterm elections this autumn and ongoing negotiations toward ending Russia&#8217;s war in Ukraine, along with ongoing tensions in the Middle East.<\/p>\n<p>The Dow Jones Industrial Average <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.DJI\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.DJI), opens new tab<\/a> rose 49.71 points, or 0.10%, to 48,113.00, the S&amp;P 500 <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.SPX\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.SPX), opens new tab<\/a> fell 2.83 points, or 0.04%, to 6,842.67 and the Nasdaq Composite <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.IXIC\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.IXIC), opens new tab<\/a> fell 30.11 points, or 0.13%, to 23,211.89.<a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/european-shares-start-2026-by-hitting-record-high-2026-01-02\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" target=\"_blank\" rel=\"noopener\">European shares<\/a> began the new year by building on the previous year&#8217;s solid gains by setting record highs, with a boost from defense stocks. Investors eyed the STOXX 600 as it approached the 6,000 milestone.London&#8217;s blue-chip <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/finance\/britains-ftse-100-index-hits-10000-mark-first-time-2026-01-02\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" target=\"_blank\" rel=\"noopener\">FTSE 100<\/a> <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.FTSE\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.FTSE), opens new tab<\/a> index hit the symbolic 10,000-point mark for the first time.MSCI&#8217;s gauge of stocks across the globe <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.MIWD00000PUS\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.MIWD00000PUS), opens new tab<\/a> rose 3.23 points, or 0.32%, to 1,017.97.The pan-European STOXX 600 <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.STOXX\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.STOXX), opens new tab<\/a> index rose 0.7%, while Europe&#8217;s broad FTSEurofirst 300 index <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.FTEU3\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.FTEU3), opens new tab<\/a> rose 17.32 points, or 0.73%.Emerging-market stocks <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.MSCIEF\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.MSCIEF), opens new tab<\/a> rose 24.26 points, or 1.73%, to 1,429.58. MSCI&#8217;s broadest index of Asia-Pacific shares outside of Japan <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.MIAPJ0000PUS\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.MIAPJ0000PUS), opens new tab<\/a> closed 1.72% higher at 735.02, while Japan&#8217;s Nikkei <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.N225\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.N225), opens new tab<\/a> fell 187.44 points, or 0.37%, to 50,339.48.London&#8217;s FTSE-100 stock index hits 10,000 for first timeGOLD, SILVER CONTINUE TO SPARKLE<a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/india\/precious-metals-kick-off-new-year-higher-after-robust-2025-rally-2026-01-02\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" target=\"_blank\" rel=\"noopener\">Gold and silver<\/a> kicked off the new year on a strong note, bouncing back from end-of-year declines as ongoing geopolitical strife stoked appetite for the precious metals.<\/p>\n<p>Spot gold rose 0.53% to $4,336.77 an ounce, while spot silver rose 1.3% to $72.20 per ounce.<\/p>\n<p>A line chart with the title &#8216;Spot gold price in USD per oz&#8217;The <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/dollar-makes-soft-start-2026-after-sharpest-drop-8-years-2026-01-02\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" target=\"_blank\" rel=\"noopener\">dollar<\/a> was essentially flat in the aftermath of the greenback&#8217;s largest yearly drop in eight years.<\/p>\n<p>The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, fell 0.05% to 98.20, with the euro up 0.05% at $1.1751.<\/p>\n<p>Against the Japanese yen , the dollar weakened 0.06% to 156.57.<\/p>\n<p>In cryptocurrencies, bitcoin gained 1.16% to $89,319.30. Ethereum rose 3.12% to $3,079.77.<\/p>\n<p>U.S. Treasury yields appeared set to notch their third consecutive daily gains.<\/p>\n<p>The yield on benchmark U.S. 10-year notes rose 2.4 basis points to 4.177%, from 4.153% late on Wednesday.<\/p>\n<p>The 30-year bond yield rose 3.1 basis points to 4.861% from 4.83% late on Wednesday.<\/p>\n<p>The 2-year note yield, which typically moves in step with interest rate expectations for the Federal Reserve, rose 0.4 basis point to 3.473%, from 3.469% late on Wednesday.<\/p>\n<p><a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/energy\/oil-edges-higher-following-biggest-annual-loss-since-2020-2026-01-02\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" target=\"_blank\" rel=\"noopener\">Oil prices<\/a> slid after logging their biggest annual loss since 2020 as investors weighed oversupply worries against geopolitical risks.<\/p>\n<p>U.S. crude fell 1.06% to $56.81 a barrel and Brent fell to $60.16 per barrel, down 1.13% on the day.<\/p>\n<p data-testid=\"SignOff\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__full_width__kCIGb body-module__extra_small_body__Bfz20 sign-off-module__text__LQAMP\">Reporting by Stephen Culp in New York; Additional reporting by Rae Wee in Singapore and Vidya Ranganathan in London; Editing by Matthew Lewis<\/p>\n<p data-testid=\"Body\" dir=\"ltr\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__element__5eCce article-body-module__trust-badge__5mS3f\">Our Standards: <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" 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remains&hellip;\n","protected":false},"author":3,"featured_media":487790,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[216147,26552,3774,216161,220162,220163,64,216397,13196,1705,217649,218094,216208,165868,165876,220164,165877,165875,165863,165888,216209,165874,220168,220166,165883,165869,220167,165886,165878,216256,165866,165871,165882,217661,165881,216216,165890,216404,217357,216215,217662,165872,165879,217665,216163,165889,165867,165873,165887,165885,216212,219853,220165,165870,165880,165884,217666,216207,216205,55855,103001,216150,165854,216148,67458,220159,165856,220160,218095,199090,59960,65444,217466,127860,217652,217648,220169,217160,216149,216143,165859,15383,217654,165860,33106,217655,175344,217033,217032,220161,216158,165846,216157,216254,67,132,68,83854,217353],"class_list":{"0":"post-487789","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-amers","9":"tag-asean","10":"tag-asia","11":"tag-asxpac","12":"tag-au","13":"tag-aunz","14":"tag-business","15":"tag-cen","16":"tag-cn","17":"tag-com","18":"tag-cru","19":"tag-dbt","20":"tag-destabn","21":"tag-destabx","22":"tag-destafa","23":"tag-destauf","24":"tag-destbnx","25":"tag-destc","26":"tag-destcsa","27":"tag-destd","28":"tag-destdnp","29":"tag-deste","30":"tag-destfmw","31":"tag-destfne","32":"tag-destfun","33":"tag-destg","34":"tag-destgnn","35":"tag-destgns","36":"tag-destgro","37":"tag-destj","38":"tag-destlby","39":"tag-destm","40":"tag-destmtl","41":"tag-destnoinbsm","42":"tag-desto","43":"tag-destocabsm","44":"tag-destoil","45":"tag-destortao","46":"tag-destoukbsm","47":"tag-destousbsm","48":"tag-destozabsm","49":"tag-destpge","50":"tag-destpsc","51":"tag-destptd","52":"tag-destrast","53":"tag-destrbn","54":"tag-destreulb","55":"tag-destrnp","56":"tag-destrws","57":"tag-destrwsa","58":"tag-destseabs","59":"tag-destsi","60":"tag-destsni","61":"tag-destsof","62":"tag-destu","63":"tag-destucdptest","64":"tag-destuki","65":"tag-destz","66":"tag-easia","67":"tag-eco","68":"tag-emea","69":"tag-emrg","70":"tag-enr","71":"tag-europ","72":"tag-fin","73":"tag-frx","74":"tag-gen","75":"tag-gol","76":"tag-gvd","77":"tag-hk","78":"tag-int","79":"tag-jp","80":"tag-kr","81":"tag-mce","82":"tag-metl","83":"tag-mktrep","84":"tag-mkts-glob","85":"tag-mtgfx","86":"tag-namer","87":"tag-news1","88":"tag-nrg","89":"tag-pgm","90":"tag-plat","91":"tag-pol","92":"tag-potus","93":"tag-premtl","94":"tag-rep","95":"tag-seasia","96":"tag-sg","97":"tag-stx","98":"tag-topcmb","99":"tag-topicmarkets-commodities-energy","100":"tag-topnws","101":"tag-tw","102":"tag-united-states","103":"tag-unitedstates","104":"tag-us","105":"tag-wash","106":"tag-weu"},"share_on_mastodon":{"url":"","error":"Validation 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