Here’s what’s happening in the stock market today:
US stock markets are closed today, January 19, 2026, for Martin Luther King Jr. Day, with no cash equity trading on the NYSE or Nasdaq. 📅🔒 Futures, however, point to a lower open tomorrow, reflecting investor concerns over President Trump's tariff threats and mixed global economic signals like China's 2025 GDP growth. Gold and commodities show resilience amid the uncertainty. 💰🌍
Major Indices Performance 📊
S&P 500 futures are down about 0.8% in early trading ahead of Tuesday's open.
Dow Jones futures have declined roughly 0.47%, signaling broader caution.
Nasdaq 100 futures dropped around 1.2-1.25%, hit harder by tech sector jitters.
Market Movers 🚀
Financial stocks like Capital One and Synchrony Financial fell sharply last week on Trump's proposed credit card rate cap, with declines of 6.4% and 8.4%.
Morgan Stanley, Goldman Sachs, and BlackRock rallied over 4% on strong earnings beats, boosted by trading revenue.
Smaller movers from recent sessions include health tech names like Alto Neuroscience up 11% pre-market.
Key Events Driving the Market 🗞️
Trump's tariff threats and comments on interest rate caps have sparked a sell-off in futures and pressured financials.
Markets await bank earnings season continuation and potential fiscal stimulus from the "One Big Beautiful Bill" tax cuts.
China's 2025 GDP at 5.0% offers some positive global context but long-term investment drop adds caution.
Investor Sentiment 👀
Caution dominates with futures lower on political and policy risks, though optimism lingers from recent record highs and stimulus hopes. 🐻⚖️ Trading volume stays subdued due to the holiday closure.
Wall Street Highlights:
News Beyond the Numbers
TSMC reported a 35% jump in fourth-quarter profit to a record high and plans to invest up to $56 billion in 2026, signaling strong AI-driven demand. Read more.
Goldman Sachs completed a record $16 billion debt deal following strong earnings, as Wall Street banks rushed to issue bonds amid favorable market conditions. Read more.
Amazon signed a $38 billion compute power deal with OpenAI to bolster its AI infrastructure capabilities. Read more.
Berkshire Hathaway's cash pile reached a record $382 billion, highlighting Warren Buffett's cautious approach amid market uncertainties. Read more.
OceanFirst Financial and Flushing Financial announced a $579 million all-stock merger to create a larger regional bank with $23 billion in assets. Read more.
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