US Stock Market Tumbles as Gold and Silver Show Resilience

The US stock market is in decline amid mixed trading, with major indexes like the S&P 500 and Nasdaq Composite dropping. In contrast, gold and silver prices rally following recent sell-offs. Key tech stocks like Nvidia and Microsoft contribute to the market's downturn, while Palantir sees significant gains.

The US stock market experienced declines as mixed trading prevailed on Tuesday. The S&P 500 fell 0.9%, distancing itself further from last week's all-time high, while the Dow Jones Industrial Average dropped 0.4%, and the Nasdaq Composite slid 1.6%, influenced by significant decreases in Big Tech stocks, including Nvidia and Microsoft.

Amid this stock market instability, gold and silver prices have rebounded sharply from their recent sell-offs. Gold rose 6.8% to $4,970.40 per ounce, and silver jumped 11.6%, continuing their year-long upward trajectory as investors seek safe havens amid global economic uncertainty and a weaker US dollar.

On Wall Street, companies like PayPal and Pfizer faced losses due to disappointing quarterly results, whereas Palantir Technologies saw a notable 6.5% surge, exceeding analysts' profit expectations. Meanwhile, Asian markets such as South Korea's Kospi and Japan's Nikkei 225 showed strong rebounds in response to recent downturns.

(With inputs from agencies.)