U.S. stock futures plunged on Monday as Wall Street entered a new trading month following a sell-off in stocks, precious metals and cryptocurrencies.
Futures tied to the Dow Jones Industrial Average (YM=F) fell 1%. S&P 500 futures (ES=F) fell 1.4% and Nasdaq 100 futures (NQ=F) fell 1.8%.
Stocks fell on Friday after Trump announced Kevin Warsh’s nomination to be chairman of the Federal Reserve. The move opens the door to speculation about where interest rates will go in the coming months, with most traders still expecting two rate cuts before the end of the year.
Over the weekend, Bitcoin (BTC-USD) fell below the $80,000 mark for the first time since April, extending losses that ended last week’s volatility. The precious metal, which has led the strongest rally of 2026, also continues its roller-coaster ride. Silver (SI=F) rallied late Sunday, recording its largest one-day drop of around 30%, while gold (GC=F) edged higher after a pullback.
The market is also digesting new uncertainty surrounding Nvidia (NVDA) and the broader artificial intelligence industry. Big tech companies led the market in early 2026, with growing interest in profit-leading companies.
The coming week will see a wave of corporate earnings reports, with more than 100 S&P 500 (^GSPC) companies reporting results. High-profile companies on the calendar include Amazon (AMZN), Alphabet (GOOG), Disney (DIS), Palantir (PLTR) and Advanced Micro Devices (AMD).
Data releases this week include the all-important January jobs report on Friday morning. Economists expect jobs to have been added by 65,000 last month and the unemployment rate to remain at 4.4%.
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