Stock Market Today, Jan. 30: President Trump makes market-moving announcement about the future of Federal Reserve

Market Overview - U.S. markets closed on a slightly better footing than midday, with about two-thirds of equities declining and one-third advancing [1] - The Dow experienced its third consecutive week of declines, marking its worst run since December 2024 [2][7] Index Performance - Riskier growth-focused indexes like the small-cap Russell 2000 and tech-centric Nasdaq saw the steepest declines, with Russell 2000 down 1.55% and Nasdaq down 0.94% [2] - The S&P 500 and Dow had more moderate declines, finishing down 0.43% and 0.36% respectively [2] Economic Indicators - The Producer Price Index (PPI) report indicated a faster-than-expected rise, with Core PPI and PPI increasing by 0.5% and 0.7% in December [3][6] - This economic data contributed to market volatility and investor concerns [3] Commodity Market - Commodities experienced aggressive movements, with gold prices dropping 8.33% to $4,909 and silver prices falling 25.5% to $85.25, marking significant changes in the metals market [3]