U.S. Markets Under Pressure With Nasdaq Down Over 1% | What Should Investors Do Now? | Business
January 15, 2026
Linea Mercati Interivew 1/15/26
January 16, 2026By Isla Binnie and Amanda Cooper
January 15, 202611:19 AM ESTUpdated 23 mins ago
Item 1 of 2 Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City, U.S., January 13, 2026. REUTERS/Brendan McDermid
[1/2]Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City, U.S., January 13, 2026. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab
- Summary
- Companies
- TSMC record profit boosts tech sector
- BlackRock, banks deliver strong earnings
- Trump says Iranian crackdown easing
- Oil and gold retreat from previous days’ highs
- Trump Says he has no plans to fire Fed’s Powell
Jan 15 (Reuters) – Blockbuster results from chipmaker TSMC (2330.TW), opens new tab bounced Wall Street higher after two days of losses on Tuesday, while oil and gold fell off recent highs as demand for safe-haven assets subsided on signals U.S. President Donald Trump might be less inclined to take immediate military action against Iran.
Taiwan’s TSMC (2330.TW), opens new tab, the world’s biggest producer of advanced AI chips, posted a forecast-smashing 35% jump in fourth-quarter profit, sending its U.S.-listed shares to a record high.
The rising tide lifted Dutch chip equipment maker ASML (ASML.AS), opens new tab, a major TSMC customer, which in turn pushed European shares (.STOXX), opens new tab back towards record levels.
Trump’s decision to allow Nvidia (NVDA.O), opens new tab to sell some AI chips to China “is another plus for the market”, said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
The Dow Jones Industrial Average (.DJI), opens new tab rose 0.54% to 49,413.99, the S&P 500 (.SPX), opens new tab rose 0.49% to 6,960.62 and the Nasdaq Composite (.IXIC), opens new tab rose 0.59% to 23,610.95.
Financial firms joined the earnings party. Investors rewarded BlackRock (BK.N), opens new tab for a beat to analyst forecasts with a 4% rise in the global asset management leader’s share price.
Goldman Sachs gained more than 3% after reporting rising revenues, although the stock suffered early on due to investment banking fees falling slightly short of forecasts. Fellow investment bank Morgan Stanley’s stock (MS.N), opens new tab rose after beating profit estimates.
“We are at the very beginning of the earnings season and so far so good,” Cardillo said.
IMMEDIATE RISK SOFTENS
Oil prices fell further after gaining earlier this week when Trump threatened intervention in Iran, a member of the Organization of the Petroleum Exporting Countries, in response to a deadly government crackdown on protests there.
Trump said on Wednesday he had been told killings were easing and there were no plans for large-scale executions.
“While the situation remains fragile, the immediate risk premium has softened but is unlikely to go away given the continued risk of a disruption,” Saxo Bank analyst Ole Hansen said.
U.S. crude fell 4.34% to $59.33 a barrel and Brent fell 4.09% to $63.80 per barrel.
Gold, which thrives as a safe haven in geopolitical and economic uncertainty, as well as in low-interest-rate environments, declined.
Its price fell 0.12% to $4,614.22 an ounce, a day after hitting a record $4,642.72.
In an interview with Reuters on Wednesday, Trump addressed his administration’s pursuit of Federal Reserve Chair Jerome Powell, which has been another source of investor consternation.
Trump said he had no plans to fire Powell, who is facing a Justice Department criminal investigation.
“Right now, we’re (in) a little bit of a holding pattern with him, and we’re going to determine what to do. But I can’t get into it. It’s too soon. Too early,” Trump said.
MORE MACRO
Further macroeconomic news showed U.S. unemployment benefits unexpectedly fell last week, pushing up the dollar and making dollar-denominated commodities including gold more expensive for overseas buyers.
The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, rose 0.28% to 99.35, with the euro down 0.29% at $1.1608.
Reports on manufacturing in New York State and the Mid-Atlantic region were also stronger than expected.
The robust data slightly dented expectations the Federal Reserve will cut interest rates in the short term, pushing U.S. Treasury yields mostly higher.
The benchmark 10-year notes were last yielding 4.16%, from 4.14% late on Wednesday.
Chicago Federal Reserve President Austan Goolsbee said the U.S. central bank should be focused on getting inflation down as there is ample evidence of job market stability.
Additional reporting by Chuck Mikolajczak in New York, Enes Tunagur in London and Kevin Buckland in Tokyo. Editing by Ed Osmond, Andrew Heavens and Mark Potter
Our Standards: The Thomson Reuters Trust Principles., opens new tab
