Wall Street ends little changed before long weekend
Fri January 16,
2026 5:21 PM
All three indexes performed more or less flat today as investors sit on the fence as Q4 reporting has just gotten underway. Though the big banks are still turning in solid Q4, the sector remains haunted by the prospect, though considered unlikely to materialize, of the proposed 10% cap on credit card interest. The Dow took a bigger hit than the others as the rotation away from megacaps and into undervalued small caps continues, with the small caps index hitting still another record.
Next week, Q4 really gets going with, besides a diversity of companies, giants like Netflix, J&J and Intel will also be reporting. But with the S&P within striking distance of 7,000 investors are not particularly worried and feel the remainder of January, after a rough start, will be much better. Today was another expiry day that should have grossly inflated volume but at 18.77 billion, transactions are actually very much in line with recent trends (yesterday was 19.1 billion) and still above the 16.85 average.
DJ: 49,442.44 +292.81 NAS: 23,530.02
+58.27 S&P: 6,944.47
+17.87 1/15
DJ: 49,359.33 -83.11 NAS: 23,515.39
-14.63 S&P: 6,940.01
-4.46 1/16
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