New Delhi, Feb. 2 -- Wall Street stock indices rose on Monday following a selloff in precious metals. Prices of gold slumped as much as 10% and silver slid 15% before recovering some losses.

As of 11:30 a.m. Eastern Time, the S&P 500 added 0.6%, the Dow Jones Industrial Average was up 0.9%, and the Nasdaq Composite was 0.8% higher.

At 09:46 a.m. ET, the Dow Jones Industrial Average rose 0.48% to 49,129.46. The S&P 500 gained 0.14% to 6,948.69, while the Nasdaq Composite lost 0.07% to 23,447.57.

At 09:30 a.m. ET, the Dow Jones Industrial Average fell 52.74 points, or 0.14%, to 48,849.03. The S&P 500 lost 14.90 points, or 0.22%, to 6,923.46, and the Nasdaq Composite lost 92.34 points, or 0.39%, to 23,380.75.

Investors were awaiting more...