US Stocks Up on Gold Record,Dollar Fall01/26 09:33

   U.S. stocks are ticking higher Monday, while other markets make much louder 
moves, including another record-breaking rush for the price of gold.

   NEW YORK (AP) -- U.S. stocks are ticking higher Monday, while other markets 
make much louder moves, including another record-breaking rush for the price of 
gold.

   The S&P 500 rose 0.4% to win back its losses from last week's dip. The Dow 
Jones Industrial Average was up 143 points, or 0.3%, as of 10 a.m. Eastern 
time, and the Nasdaq composite was 0.4% higher.

   Baker Hughes helped lead the way and rose 3.6% after delivering a stronger 
profit for the latest quarter than analysts expected. The energy technology 
company said it's benefiting from strong momentum in demand for liquefied 
natural gas, among other things.

   CoreWeave jumped 12.8% after Nvidia said it invested $2 billion in the stock 
and will help accelerate the buildout of CoreWeave's artificial-intelligence 
factories, which use Nvidia chips, by 2030 to advance AI adoption. Nvidia 
slipped 0.2%.

   USA Rare Earth leaped 19% after saying the U.S. government agreed to invest 
$277 million to help the company produce heavy rare earths, minerals and 
magnets. The Trump administration also agreed to a proposed $1.3 billion loan, 
while the company separately raised $1.5 billion through private investors.

   Much of the rest of Wall Street was relatively quiet. That included mixed 
performances for airlines, which had to cancel thousands of flights due to the 
winter storm that swept much of the United States over the weekend. American 
Airlines Group rose 0.1%, while Delta Air Lines slipped 0.4%.

   The action was stronger in the gold market, where the metal's price rallied 
another 2.1% and briefly topped $5,100 per ounce to set another record. Prices 
for gold, silver and other metals have been surging as investors look for safer 
places to keep their money amid threats of tariffs, still-high inflation and 
political tensions worldwide.

   The U.S. dollar's value also continued its recent decline against peers. 
This time, it was the Japanese yen leaping the most against the dollar amid 
expectations that officials in Japan and the United States may intervene in the 
market to prop up the Japanese currency's value.

   More swings could be ahead for financial markets in a week full of big tests.

   The Federal Reserve will announce its latest move on interest rates on 
Wednesday. It's been lowering its main interest rate and has indicated more 
cuts may be on the way in 2026 to help shore up the job market. But most 
economists expect it to hold steady on Wednesday, in part because inflation 
remains stubbornly above the Fed's 2% target.

   Several of Wall Street's most influential stocks are also set to deliver 
their earnings reports this week. That includes Meta Platforms, Microsoft and 
Tesla on Wednesday and Apple on Thursday.

   In the bond market, the yield on the 10-year Treasury eased to 4.21% from 
4.24% late Friday.

   In stock markets abroad, indexes edged higher in Europe following a more 
mixed showing in Asia. Japan's Nikkei 225 tumbled 1.8% for one of the world's 
sharpest moves. A stronger yen could hurt Japanese exporters, and Toyota Motor 
fell 4.1%.