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.  

The chip index climbed 1.8% with the major players Nvidia, Broadcom, and Applied Materials following suit. Worries over tech stretched valuations got squashed today with the news from Taiwan. Financial behemoth BlackRock reached a record of $14 trillion under management in Q4. Q4 continues more earnestly next week with reports from a more diverse group of companies. The indexes were all considerably higher in the morning, the Nasdaq up some 250 at 11 a.m. but then all three began a decline at 2 pm, with no explanation given.  At 19.12 billion, volume remains well above the 4-week 16.81 average. 

DJ: 49,149.63  -42.36         NAS: 23,471.75  -238.12        S&P: 6,926.60  -37.14             1/14

DJ: 49,442.44  +292.81      NAS: 23,530.02  +58.27         S&P: 6,944.47  +17.87           1/15

Thu 1-15-26 4:57 pm Wall Street ends higher; banks gain following results, chips rally with TSMC | Reuters