Wall Street ends up as investors buoyed by tariff relief, upbeat data

Wall Street ends up as investors buoyed by tariff relief, upbeat data

By David French

Thu January 22, 2026 4:00 PM

 

For a second day the indexes continued to ride the wave of ebullience after Trump’s U-turn yesterday on Greenland tariffs and starting to buy back the huge losses from Tuesday. Even though the Dow has now completely recovered, both the tech indexes are still a little shy of Monday’s close before the storm set in.  

As for earnings, the banks have come in quite solid and the megalith Mag7 will be reporting next week so all eyes will be there. Other good news includes consumer spending increasing solidly and unemployment rising less than expected, thus continuing to suggest economic resilience. The Fed is expected to keep rates steady next week. Volume came in at 18.3 billion, getting closer to normal but still above the 16.8 average. 

DJ: 49,077.23  +588.64        NAS: 23,224.83  +270.50       S&P: 6,875.62  +78.76         1/21

DJ: 49,384.01  +306.78        NAS: 23,436.02  +211.20       S&P: 6,913.35  +37.73         1/22

Thu 1-22-26 4:00 pm Wall Street ends up as investors buoyed by tariff relief, upbeat data | Reuters