Merchants work on the ground of the New York Inventory Trade throughout morning buying and selling on January 14, 2026 in New York Metropolis.
Michael M. Santiago | Getty Photos
Inventory futures had been little modified Wednesday night time because the S&P 500 comes off of two consecutive days of losses.
Futures tied to the Dow Jones Industrial Common fell 36 factors, or nearly 0.1%. S&P 500 futures edged 0.1% greater, and Nasdaq 100 futures superior 0.3% greater.
Late Wednesday, President Donald Trump signed a proclamation that imposes a 25% tariff on sure semiconductors. The levy will not apply to chips which are imported to contribute to the buildout of the U.S.’s expertise provide chain, nevertheless.
In common buying and selling Wednesday, tech shares slid and stored the foremost averages beneath strain. The broad-market index closed the session down 0.5%, whereas the 30-stock Dow shed about 42 factors, or almost 0.1%. The Nasdaq Composite fell 1%. All three indexes posted a second straight dropping day.
Microsoft, Meta and Amazon every misplaced greater than 2%. Oracle and Broadcom every slid 4%, whereas Nvidia dipped 1.4%. Reuters reported earlier within the day, citing people briefed on the matter, that Chinese language customs authorities suggested customs brokers this week that Nvidia’s H200 chips are usually not allowed to enter the nation.
Banks had been among the many day’s largest laggards. Wells Fargo misplaced 4.6% on Wednesday, weighing on the broader market, after the corporate posted weaker-than-expected income for the fourth quarter. Citigroup and Financial institution of America each fell greater than 3%.
“The economic system stays comparatively steady … underlying all of this, company earnings stay comparatively robust, and we proceed to consider that 2026 goes to be actually powered by earnings versus any type of a number of growth from right here,” mentioned Ayako Yoshioka, portfolio consulting director at Wealth Enhancement Group, on CNBC’s “Closing Bell.”
“At the very least at these ranges, the bar is comparatively excessive, and we will see some short-term disappointments simply relative to expectations, however we predict that these are all shopping for alternatives as a result of the financial backdrop stays comparatively steady,” Yoshioka added.
Trump edicts weigh on shares this week
Geopolitical dangers continued to weigh on investor sentiment Wednesday.
Fears over oil provide disruptions brought on by mounting tensions between the U.S. and high OPEC member Iran lifted oil costs. West Texas Intermediate crude futures settled up greater than 1%, however slid after Trump signaled he won’t assault Iran.
Trump administration officers additionally met with Danish and Greenlandic overseas ministers on Wednesday as Trump continues to push for U.S. management of Greenland. Denmark and Trump have a “elementary disagreement” over the dominion’s possession of Greenland, which wasn’t resolved throughout the assembly, a Danish official mentioned.
Trump in latest days has additionally ramped up assaults on Federal Reserve Chair Jerome Powell to decrease rates of interest. Issues concerning the central financial institution’s independence flared this week after Powell confirmed Sunday that the Justice Division launched a legal investigation into the Fed chief.
On Thursday, a number of market catalysts await. Merchants will look ahead to earnings stories from Goldman Sachs, Morgan Stanley and BlackRock. On the financial entrance, weekly jobless claims are additionally due.
