Wall Street rebounds after tech selloff; inflation cools with rates at lowest in years. Small caps lead with Russell 2000 up 1.8%. Gold up 2%, silver up 4%, BTC up 4.6%. AMAT increases 9% post-earnings report.

Following a widespread tech sell-off on Thursday, Wall Street rebounded as weaker-than-anticipated inflation data reinforced expectations for interest rate cuts throughout the year. January saw the annual inflation rate drop from 2.7% to 2.4%, falling short of the projected 2.5% and marking the lowest figure since May 2025. Core inflation, excluding food and energy, also decreased from 2.7% to 2.5% year over year, hitting its lowest point since March 2021. The Russell 2000 index, representing small-cap stocks, surged by nearly 1.8%, surpassing its large-cap counterparts. Gold prices increased by 2%, reaching over $5,000, aiming to finish the week positively. Similarly, silver prices rose by almost 4%, exceeding $77 per ounce. Bitcoin (CRYPTO: BTC) observed a 4.6% rally, breaking a four-day slump. Strong corporate earnings further boosted market sentiment, with Applied Materials Inc. (NASDAQ: AMAT) climbing 9% following a positive quarterly report. Meanwhile, Arista Networks Inc. (NYSE: Full story available on Benzinga.com.