Wall Street ends higher; banks gain following results, chips rally with TSMC

Wall Street ends higher; banks gain following results, chips rally with TSMC

By Caroline Valetkevitch

Thu January 15, 2026 4:57 PM

All it took today was a little good news from the banks and, once again the chips, to send the indexes way up again. After a few days of lackluster Q4 earnings from the banks, good results came from both Morgan Stanley and Goldman Sachs with upbeat Q4, and chips got their boost from a blockbuster report from Taiwan’s TSMC. The rotation to undervalued small caps continues with “the banks and old-school industrials” as standouts. S&P industrials hit another record high.  

Wall Street ends lower, led by drop in Nasdaq, with tech, banks falling

Wall Street ends lower, led by drop in Nasdaq, with tech, banks falling

By Caroline Valetkevitch

Wed January 14, 2026 6:39 PM

It was a third day of the financial markets dealing with the stunning Trump proposal of a 10% cap on credit card interest with Jamie Dimon and other major bankers arguing that all it will accomplish is denying millions of consumers access to credit at all, and that will do untold damage to the economy. Bank stocks and the banking index fell again. Even Citigroup and BofA fell even though their Q4 beat expectations. Or it could be argued that after an illustrious 2025, investors are simply taking profits out of the bank stocks. All three indexes actually fell dramatically until about noon before recovering most losses by close.  

Wall Street falls with financials amid credit card rate plan concern

Wall Street falls with financials amid credit card rate plan concern

By Caroline Valetkevitch

Tue January 13, 2026 4:46 PM  

Yesterday’s credit card proposal capping interest charges at 10% has thrown the banks for a loop with another big sell off that brought both MasterCard and Visa down about 4% and the overall financial sector down 1.8%. Jamie Dimon chimed in today with a warning that the plan could “severely hurt consumers” and the overall economy while JPMorgan dropped 4.2%.  

S&P 500, Dow hit closing record highs; Walmart, tech climb

S&P 500, Dow hit closing record highs; Walmart, tech climb

By Caroline Valetkevitch

Mon January 12, 2026 4:44 PM  

With the Trump administration threatening to indict Jerome Powell, all three indexes started in the red this morning but with Walmart announcing it will switch from the Dow to Nasdaq this month, all three indexes got a nice little boost with all three closing in the green. Tech did better than the other what with Q4 forecasts for the tech sector being an astounding 26.5% year-on-year. S&P earnings overall are seen climbing some 8.8%.  

S&P 500 notches record high close driven by Broadcom, other chipmakers

S&P 500 notches record high close driven by Broadcom, other chipmakers

By Noel Randewich

Fri January 9, 2026 6:16 PM  

It was a great day overall with both industrials and tech enjoying handsome 3-digit gains as the chip sector sees AI as getting closer to showing tangible results with the index gaining 2.7% to a record high. Industrials got a boost from employment declining more than expected but accompanied by a decline in unemployment suggesting the job market was not declining too rapidly and thus not change rate cut expectations.  

Wall Street ends mixed as tech dips, defense stocks rally

Wall Street ends mixed as tech dips, defense stocks rally

By Purvi Agarwal and Noel Randewich

Thu January 8, 2026 7:10 PM

The Dow headed straight up, the Nasdaq straight down as industrials reacted to a proposed strongly beefed up defense budget and tech, though AI is still hot, still haunted by valuation fears. Trump is proposing hiking the defense budget by at least 50% sending defense stocks way up. New unemployment claims rose modestly and the overall labor demand remains sluggish. All eyes are on tomorrow’s nonfarm payrolls for more hints on Fed rate policy for the coming year. Volume was heavy at 16.9 billion, passing the 16.3 average. 

DJ: 48,996.08  -466.00        NAS: 23,584.28  +37.10       S&P: 6,920.93  -23.89             1/7

DJ: 49,266.11  +270.03       NAS: 23,480.02  -104.26      S&P: 6,921.45  +0.53               1/8

Thu 1-8-26 7:10 pm Wall Street ends mixed as tech dips, defense stocks rally | Reuters

S&P 500 ends lower, AI stocks buoy Nasdaq

S&P 500 ends lower, AI stocks buoy Nasdaq

By Noel Randewich

Wed January 7, 2026 4:31 PM

Tech had a pretty good morning but a lousy afternoon. The Nasdaq was up almost 200 before starting an afternoon tumble and barely breaking even with the S&P in negative digits and the Dow down big. The possible triggers were an anemic jobs report which failed to budge the meter on future rate cuts.