S&P 500 marks closing record as corporate earnings roll in; Medicare rates hit insurers

S&P 500 marks closing record as corporate earnings roll in; Medicare rates hit insurers

By Sinéad Carew and Pranav Kashyap

Tue January 27, 2026 5:00 PM

Tuesday saw a massive flight from industrials as the Dow sank over 400 points and an equally massive migration to tech as Nasdaq gained over 200. Hurting the Dow was a serious hit to healthcare stocks triggered by a White House proposal to raise Medicare premiums. Tech was helped by a deal with Corning getting a $6B contract to supply fiber optic cable to Meta for its AI data centers. The Mag7 companies are reporting in the next 3 days and their earnings will largely determine investor appetite for further investment.  

Heavyweights Microsoft, Amazon, Nvidia, Apple and Broadcom have already seen big boosts in the anticipation. The Nasdaq hit its highest level since October and the S&P scored its fourth record high for the year so far. But overall the market was split between optimism over tech and pessimism over Medicare premiums. Consumer confidence also hit a 12 year low. All eyes are on earnings as 1/5 of all S&P companies are due to report by week’s end. Volume Tuesday was right in line with the 17.99 averages, coming in at 18.03 billion. 

DJ: 49,412.40  +313.69       NAS: 23,601.36  +100.11        S&P: 6,950.23  +34.62         1/26

DJ: 49,003.41  -408.99        NAS: 23,817.10  +215.74        S&P: 6,978.60  +28.37         1/27

Tue 1-27-26 5:00 pm S&P 500 marks closing record as corporate earnings roll in; Medicare rates hit insurers | Reuters