Stock Market Live January 30, 2026: S&P 500 (SPY) Deep in the Red

The pullback continues.

After yesterday’s pullbacks and late-day recovery on the Dow, the major indices are getting walloped. At the moment, the S&P 500 is down 0.8%. The SPDR S&P 500 ETF (SPY) is down 0.71%. The Dow is down 0.7%, as the Nasdaq sinks nearly 1%.

Not something to want to see at 5:45 am. But at least it’s Friday.

Gold Down on President Trump’s Potential Pick for Fed Chief

The price of gold is down about 5%, or by $260 points. That’s the news that President Trump is expected to announce Kevin Warsh as his pick for Chairman of the Federal Reserve.

“While his recent comments have been supportive of lower rates, in the past he’s been hawkishly critical of the Fed’s expansive use of its balance sheet,” said “While his recent comments have been supportive of lower rates, in the past he’s been hawkishly critical of the Fed’s expansive use of its balance sheet,” said analysts at Deutsche Bank.

They added that the “initial market reaction consistent with a view that the Fed put for asset prices could be less strong under Warsh as chair than under other candidates.”

Tech Earnings Continue to Impress 

Shares of Apple (NASDAQ: AAPL) are down in premarket.

That’s even after the company posted blowout fiscal first-quarter results, with notably strong revenue from its iPhone 17 models. Apple earned $2.84 per share for the quarter, higher than the $2.67 per share expected. Revenue came out at $143.76 billion, significantly exceeding analysts’ expectations of $138.48 billion.

SanDisk (NASDAQ: SNDK) is up about 20% or by $105.70 per share in premarket. All after sharing solid guidance, noting that fiscal third-quarter adjusted earnings would range from $12 to $14 per share, as compared to estimates of $5.11 per share.

Insiders are Aggressively Buying Abbott Laboratories and GameStop

Always keep an eye on insider buying.

After all, if they’re putting their money where their mouths are, it’s a sign of confidence.

Look at Abbott Laboratories (NYSE: ABT).

The stock was crushed after its latest earnings report. In fact, it had its worst showing in more than 20 years, gapping from about $120 to $105.60.

Granted, the company’s adjusted earnings beat analysts’ forecasts by a penny, but sales came to $11.5 billion, missing the $11.8 billion estimate. It was a disaster.  However, for Chairman and CEO Robert Ford, it was an opportunity. After the drop, he reportedly bought 18,800 shares of ABT for just over $2 million on January 23.

Plus, despite the earnings mess, Ford did say Abbott was well-positioned for accelerating growth in 2026. “While we know we’ve got some work to do in nutrition, I can guarantee you that we’re not distracted by that,” he added, as quoted by Barron’s.

In addition, with GameStop (NYSE: GME)  showing big signs of life again, CEO Ryan Cohen just bought 500,000 shares for about $21.12 each for nearly $21.4 million.

Board member Alain Attal picked up 12,000 shares for about $20.90 each.

Even investor Michael Burry disclosed a long position in GME, noting that he likes the company’s untapped value and strategic optionality under Ryan Cohen.

As noted by Seeking Alpha, “Burry framed GameStop not as a typical retail business, but as a cash-generating platform with a young, disciplined leadership team and the optionality to deploy billions in a patient, intelligent manner.”