S&P 500 Slips After Bank Earnings

3 days ago 3

Ed Ballard

Wed, January 14, 2026 astatine 8:58 AM CST 1 min read

Stocks slipped aboriginal Wednesday, aft much slope net rolled in.

Bank of America posted a 12% emergence successful quarterly profit, boosted by user spending. But its banal dropped, arsenic did shares successful Wells Fargo, which posted disappointing nett income per share. Citi’s quarterly nett fell aft the slope took a $1.2 cardinal nonaccomplishment from selling its Russia operations.

Gold and metallic futures some deed intraday grounds highs, boosted by geopolitical tensions, arsenic did copper contracts successful New York. Oil futures extended gains made Tuesday, which came aft President Trump appeared to hint astatine the U.S. intervening successful Iran’s upheaval.

Rulings owed Wednesday from the Supreme Court could see a determination connected the legality of President Trump’s sweeping tariffs. However, the tribunal doesn’t accidental up of clip which circumstantial decisions it plans to announce.

New information showed retail income grew 0.6% successful November, an unexpectedly crisp jump, portion wholesale ostentation was cooler than expected for that month, astatine 0.2%.

In Asia, Japan’s Nikkei 225 acceptable different grounds high, and enslaved yields continued to rise. The country’s premier curate has called a drawback election. South Korea’s Kospi composite besides deed an all-time peak.

Write to Ed Ballard astatine [email protected]

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