Wall Street Mixed as Tech Giants Drag, Gold and Silver Rebound Sharply

• US stock market sees mixed trading, with S&P 500 down 0.9% and Nasdaq composite 1.6% lower, despite most stocks within S&P 500 rising.
• Influential Big Tech stocks like Nvidia (-3.3%) and Microsoft (-2.9%) weighed on the market, while Palantir Technologies climbed 6.5% on strong earnings.
• Gold prices surged 6.8% to USD 4,970.40 per ounce, and silver leaped 11.6%, bouncing back after a sudden halt to their year-long rally last week.
• PayPal dropped 19.7% due to weaker-than-expected results and a CEO change, while Pfizer fell 3.5% despite strong profit, forecasting lower 2026 profit.
• PepsiCo rose 3.2% on better-than-expected earnings and plans to cut snack prices; DaVita rallied 20.3% on strong quarterly profit.

Why It Matters: Wall Street experienced mixed trading with tech declines, but gold and silver saw significant rebounds.