Stock market today: Dow, S&P 500, Nasdaq futures hit pause ahead of bank earnings, looming tariff ruling

4 days ago 3

Updated Wed, January 14, 2026 astatine 4:00 AM CST 2 min read

US banal futures trod h2o connected Wednesday up of different batch of large slope net and a imaginable Supreme Court determination connected US tariffs, poised to adhd to a pullback that dragged the Jones Industrial Average and the S&P 500 disconnected grounds highs.

Dow futures (YM=F) slipped astir 0.2%, portion those connected the S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) were 0.1% little connected the heels of a losing session.

CBOT - Delayed Quote USD

49,325.00 -84.00 (-0.17%)

As of 5:10:00 AM EST. Market Open.

YM=F ES=F NQ=F

In a week defined by large slope earnings, Bank of America (BAC), Wells Fargo (WFC) and Citigroup (C) are each acceptable to study net earlier marketplace unfastened connected Wednesday. Investors volition besides parse caller ostentation information erstwhile December’s shaper terms scale is released. Their reports travel aft JPMorgan Chase (JPM) led disconnected net play Tuesday with an underwhelming release, spurring a sell-off successful its shares.

Investors volition beryllium besides paying adjacent attraction to the Supreme Court, which has yet to regularisation connected a intimately watched situation to President Trump’s tariff authority. The archetypal imaginable determination day passed past week with nary changes to the presumption quo, but the tribunal has its adjacent scheduled sentiment merchandise for Wednesday.

In a societal media station connected Monday, Trump framed the lawsuit arsenic a nationalist information flashpoint, writing, "If the Supreme Court rules against the United States of America connected this National Security bonanza, WE’RE SCREWED!"

Meanwhile, Trump’s disapproval of Federal Reserve Chair Jerome Powell escalated Tuesday, adding to concerns astir the cardinal bank’s independency arsenic the Justice Department began a transgression probe into the Fed leader. The ineligible determination has been contentious, with Trump facing pushback from concern leaders and adjacent chap Republicans amid question's implicit the Fed's independence.

Financial names besides look statesmanlike unit pursuing Trump’s renewed propulsion for a one-year headdress of 10% connected recognition paper involvement rates. Shares of Visa (V) and Mastercard (MA) closed little Tuesday arsenic investors weighed the imaginable interaction connected outgo networks.

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Global funds crook to China stocks, yuan successful large bets for 2026

Bloomberg reports:

Investors are ramping up bets connected China’s stocks (^HSCE) and currency arsenic 2026 kicks off, signaling a much decisive displacement into the country’s assets astatine a clip of rising planetary uncertainties.

Global concern firms from Goldman Sachs Group Inc. (GS) to Bernstein Societe Generale Group person lifted their appraisal of the world’s second-largest equities market, citing compelling valuations, supportive manufacture policies and a rosy net outlook.

As Beijing allowed the yuan to breach the cardinal 7-per-dollar level, marketplace participants are besides doubling down connected the currency, with immoderate predicting it to emergence to arsenic beardown arsenic 6.25 this year. Citigroup Inc. (C), BNP Paribas Asset Management and Bank of America Corp. (BAC) are among those favoring the yuan.

The louder bullish chorus has travel arsenic China staged a uncommon banal and currency duplicate rally past year, a virtuous rhythm that whitethorn further reconstruct assurance successful the country’s assets. The astonishment resilience successful immoderate parts of the world’s No. 2 economy, from booming exports to recovering mill enactment and a unchangeable banking system, besides draws anticipation that laggards specified arsenic spot and user stocks whitethorn merit different look too.

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BP flags up to $5 cardinal of vigor modulation writedowns

BP (BP, BP.L) banal slipped little connected Wall Street and successful London aft the vigor elephantine said it expects to hitch up to $5 cardinal disconnected the worth of its greenish vigor businesses.

The fourth-quarter writedowns travel conscionable weeks aft BP replaced its CEO successful a turnaround push, and bring its full writedowns successful the past 2 years to astir $20 billion.

Bloomberg reports:

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Chinese scale slips aft minimum borderline request raised to 100%

Bloomberg reports:

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Silver reaches record, golden pushes higher arsenic planetary insecurity bolsters haven demand

Bloomberg reports:

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Netflix debates offering Warner Bros. each currency bid

Bloomberg reports:

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