$TSLA 🚨🇺🇸📰Global Market Update

U.S. stocks closed mixed, with the Nasdaq recovering from a sharp early drop to end slightly lower. Market sentiment remained volatile. Microsoft plunged nearly 10%, wiping out about 2 trillion yuan in market value. Meanwhile, gold and silver rebounded after heavy losses, and storage-related stocks surged nearly 15%.

The Nasdaq Composite fell 172.33 points, or 0.72%, to close at 23,685.12. Tech stocks showed mixed performance: Microsoft dropped 10%, Oracle fell over 2%, while Meta surged more than 10% and IBM gained over 5%. Tesla declined over 3% during regular trading but jumped 4% in after-hours following reports that SpaceX may consider a merger with Tesla.

In earnings news, SanDisk’s Q2 revenue exceeded expectations, pushing its shares up more than 15% after hours. Apple reported Q1 revenue of $143.76 billion, up 16% year-on-year and above forecasts, lifting its stock over 3% in after-hours trading.

Chinese stocks traded mixed, with the Nasdaq Golden Dragon China Index rising 0.35%. Futu fell over 2%, Bilibili and NetEase dropped more than 1%, while NIO gained over 3% and TAL Education surged over 18%.

Gold and silver experienced sharp volatility. Silver once fell more than 8%, while gold saw a maximum drawdown of $500. By the close, COMEX gold rose 1.32% to $5,410.8 per ounce, and COMEX silver gained 1.98% to $115.785. Spot gold declined 0.82% to $5,373.03, and spot silver fell 0.98% to $115.67.

Oil prices climbed on January 29, with NYMEX WTI crude rising $2.30, or 3.64%, to close at $65.51 per barrel.$XAG $SOL