Gold Reaches $5,000, Stocks Rise, and the Dollar Falls – US Market Wrap

At the start of a busy week, markets saw big swings away from stocks and bonds, with the dollar plunging to its lowest level since 2022 and gold hitting $5,000. US shares gained on increases in electricity suppliers, while natural gas surged nearly 30%.
The S&P 500 continued its January rally ahead of high-stakes megacap outcomes. With the Federal Reserve anticipated to suspend its rate decreases, Treasuries stayed in a limited range. The dollar fell on expectations that the United States and Japan would work together to strengthen the yen.
US electricity grids are under increasing strain as a winter storm brings severe cold, heavy snow, and ice from Texas to Maine. This has taken an estimated 12% of US natural gas production offline, and forecasts of cold weather have prompted prices to skyrocket.
The S&P 500 increased by 0.5%. The yield on 10-year Treasuries fell one basis point to 4.21 percent. Bitcoin surged. The dollar dropped 0.4%. The yen rose 1%.