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Hey listeners, it's Saturday, January 31st.

I'm Crystal Her for the Wall Street Journal, and this is What's News and Markets, our look at the biggest stock moves of the week and the news that drove them.

Let's get to it.

An onslaught of news coming out of corporate America and the White House, more on that later, led to topsy-turvy moves this week.

Gold, a haven for nervous investors, jumped to a new record earlier this week and settled above $5,300 for the first time.

But trading turned volatile by Thursday, with prices seeing the largest range between the midday high and low since 2013.

On Friday, gold slumped more than 11 percent, and silver prices crashed 31%.

Both metals saw their largest one-day percentage declines since 1980.

Also on Thursday was some trouble in tech stocks.

Disappointing earnings from Microsoft drove a widespread tech sell-off and signal that investors

are skeptical about the eye-popping cost of building artificial intelligence infrastructure.

Microsoft lost $357 billion in market value, its largest single-day drop on record, and the second largest one-day market cap decline

for any U.S. company.

In the stock market, though, the moves were much more mild.

The S&P 500 was the only major index to end the week with gains, rising 0.3%.

The Dow Jones Industrial average fell 0.4%, and the NASDA composite declined 0.2%.

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