Weekly Stock Market Update | Dow, S&P 500, NASDAQ News – January 25, 2026

After a turbulent week on Wall Street, the major US stock indexes sustained back-to-back weekly losses. The Dow Jones Industrial Average declined by about 0.6%, closing at 49,098.71, while the S&P 500 saw slight gains and closed at 6,915.61. The Nasdaq Composite experienced a minor gain of 0.2%, settling at 23,501.24. Intel (INTC) was a significant loser as the company recorded worse-than-expected quarterly guidance and saw its shares sink over 16%.

Nvidia and Advanced Micro Devices registered weekly gains, with shares growing by 1.5% and more than 2% respectively. Nvidia’s growth was boosted by news that Beijing advised China’s tech companies to prepare for ordering Nvidia’s H200 chips. Other tech stocks, such as Microsoft, also saw a boost.

President Trump’s pursuit of Greenland initially rocked the markets, but subsequent backtracking on proposed tariffs on NATO allies resulted in a slight recovery. Despite this, traders are distancing from US assets due to ongoing US-EU tensions, a shift that has impacted the dollar.

Gold had an excellent week, the best it has seen since 2020, while silver also made gains, surpassing $100 per ounce. Additionally, TikTok and ByteDance finally reached a deal with Oracle (ORCL) and other firms to continue operations in the US.

Investors are now preparing for a potentially significant earnings week in the coming days, accompanied by the Federal Reserve’s meeting and interest rate decision. President Trump announced that he has a change for Fed Chair in mind and will soon replace Jerome Powell.

Stocks rose this week with megacap earnings likely to boost the market as it broadens to include more winners. Earnings release from Meta Platforms, Microsoft, Tesla and Apple are anticipated, despite their poor performance in early 2026. The focus will be on their predictions for the future, not only their earnings for the past quarter.

The Russell 2000 has seen an increase of over 7%, while the S&P 500 has risen by approximately 1% so far in 2026. According to Macro Charts, 65% of S&P 500 stocks are beating the index – the second best performance in half a century. Energy and materials producing companies are leading the increase of the equal weight S&P 500 index, which has risen by more than 4% this year.

The Dow Jones Industrial Average climbed 306.78 points (0.63%) to 49,384.01, rebounding from losses seen earlier in the week due to President Trump’s new Europe tariffs announcement. The S&P 500 rose 0.55% to 6,913.35 and the Nasdaq Composite advanced 0.91% to 23,436.02, backed by gains in Nvidia, Microsoft and Meta Platforms. However, week to date, the S&P 500 lost 0.4% and the Nasdaq dropped 0.3%.

Stocks rose after Trump called off his threatened tariffs on European allies over his pursuit of Greenland. The Nasdaq rose nearly 0.9%, led by Tesla’s surge due to robotaxi optimism. The Dow Jones Industrial Average gained roughly 0.6% and the S&P 500 added 0.5%. Gold prices also reached a record high of $4900 per ounce.

Investors are looking forward to Intel’s impending quarterly results, with AI spending and a global memory shortage as a likely focus. Procter & Gamble and GE Aerospace are also set to release earnings.

The US economy grew by 4.4% for Q3 2025, the fastest pace in two years, despite a slight increase in unemployment benefits claims.