US stock futures slumped late Sunday as Wall Street headed into a new trading month following a sell-off in equities as well as precious metals and cryptocurrency.

Futures tied to the Dow Jones Industrial Average (YM=F) fell 0.9%. S&P 500 futures (ES=F) declined 1.3%, while Nasdaq 100 futures (NQ=F) dropped 1.7%.

Stocks are coming off a losing session on Friday after Trump announced Kevin Warsh as his nominee to lead the Federal Reserve. That move has opened the door to speculation on what will happen to interest rates over the coming months, with most traders still expecting two rate cuts by the end of the year.

Over the weekend, bitcoin (BTC-USD) sank below the $80,000 mark for the first time since April, extending losses after a volatile end to last week. Precious metals, which have been at the forefront of 2026's most rip-roaring rally, also continued a rollercoaster ride. Silver (SI=F) rose late Sunday after tumbling roughly 30% in its biggest single-day drop on record, while gold (GC=F) ticked higher after its own pullback.

Markets are also digesting fresh uncertainty around Nvidia (NVDA) and the broader artificial intelligence trade. Big Tech has led market moves throughout the start of 2026 with an ever-increasing appetite for earnings leading companies in oppositional directions.

The week ahead brings a wave of corporate earnings, with more than 100 S&P 500 (^GSPC) companies set to report results. High-profile names on the calendar include Amazon (AMZN), Alphabet (GOOG), Disney (DIS), Palantir (PLTR), and Advanced Micro Devices (AMD).

Data releases this week include the all-important January jobs report, due Friday morning. Economists expect payrolls to have added 65,000 jobs last month, with the unemployment rate set to hold at 4.4%.

Yahoo Finance's Ines Ferré reports:

Bitcoin (BTC-USD) hovered near $76,000 per token on Sunday with some strategists cautioning that its recent sell-off may not be over as investors seem reluctant to buy the dip.

The world’s largest cryptocurrency dropped sharply over the weekend to reach its lowest level since last April, and notch its fourth straight month of losses.

The move lower coincided with President Trump’s announcement on Friday selecting Kevin Warsh to lead the Federal Reserve when Jerome Powell’s term ends in May, a nominee markets view as hawkish.

Ether (ETH-USD) and other digital tokens also slid alongside gold (GC=F), silver (SI=F) and other metals which crashed on Friday, with losses extending on Sunday evening.

With bitcoin now nearing a $73,000 support level, “current flows suggest sentiment has shifted meaningfully,” said a 10X Research note on Sunday night.

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Bloomberg reports:

Gold (GC=F) fell, following its biggest plunge in more than a decade, and silver whipsawed in choppy trading after a dramatic pullback from record highs.

Spot gold fell as much as 6.3% on Monday. Silver swung sharply, dropping to around $75 an ounce having earlier climbed as much as 3.2%. The white metal recorded its biggest ever intraday loss in the previous session.

“This isn’t over,” said Robert Gottlieb, a former precious metals trader at JPMorgan Chase & Co. and now an independent market commentator, adding that a reluctance to take further risk would constrain market liquidity. “We’ve got to see if it’s going to find support. The bottom line is that the trade was way too crowded.”

Over the last year, precious metals have risen to all-time highs that have shocked even seasoned traders. The rally accelerated sharply in January, as investors piled into gold and silver on renewed concerns about geopolitical upheaval, currency debasement and the independence of the Federal Reserve. A wave of buying from Chinese speculators added froth to the rally.

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