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Microsoft weighs on Wall Street as gold's price keeps setting records

Microsoft's 11.5% drop drags major U.S. indexes down while gold nearly doubles in price over 12 months as investors seek safer assets amid market risks.

  • On Jan. 29, 2026, Microsoft plunged 11.5%, pulling the U.S. stock market away from record highs, as coverage updated Jan. 29, 2026, 10:26 a.m. reported.
  • On Monday gold topped $5,000 for the first time and then rallied near $5,600 before paring back to $5,393.00 per ounce, as investors sought safer assets amid risks including expensive market, political instability, tariff threats, and heavy government debt.
  • The S&P 500 sank 1% while the Dow Jones Industrial Average fell 174 points and the Nasdaq composite dropped 1.8%, with Meta Platforms rallying and ServiceNow plunging 11.4%.
  • Wednesday the Federal Reserve decided to pause cuts, the 10-year Treasury yield eased to 4.24%–4.23%, and the U.S. dollar has weakened over the last year.
  • Companies across the market are under pressure to lift profits after record stock runs, and critics warn the huge rallies in gold and silver may be due for a pullback.
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37 Articles

Sydney Morning HeraldSydney Morning Herald
+3 Reposted by 3 other sources
Lean Left

ASX higher as energy shares up; Microsoft in $500b wipeout

Gold stocks retreated after the precious metal fell about 5 per cent overnight before stabilising at around $US5200 an ounce.

·Sydney, Australia
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PBS NewsHourPBS NewsHour
+2 Reposted by 2 other sources
Lean Left

Microsoft weighs on Wall Street as gold's price suddenly snaps back

The worst day for Microsoft in years is pulling the U.S. stock market away from its record heights on Thursday.

·Washington, United States
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WPLG broke the news in Miami, United States on Thursday, January 29, 2026.
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