Market Updates
Wall Street Indexes Attempted to Erase Weekly Losses Amid Unresolved Trade Frictions
Barry Adams
23 Jan, 2026
New York City
Stocks on Wall Street edged higher for the second consecutive session on Friday, and investors shifted their focus to corporate results.
The S&P 500 index increased 0.1%, and the tech-heavy Nasdaq Composite edged up 0.2% amid easing geopolitical tensions.
After a tumultuous week of trading, benchmark indexes are set to extend weekly losses to more than 0.3% amid persistent worries about the U.S. federal government debt and the chaotic trade policy of the Trump administration.
Gold and silver continued to hover near record highs as the U.S. prepares to carry out additional attacks targeting Iran's nuclear capabilities.
U.S. Movers
Capital One Financial decreased 2.5% to $228.52, and the credit card company announced the acquisition of startup Brex for $5.15 billion.
Brex offers business credit cards to other startups and established businesses, and the company was valued at more than $12 billion in 2023.
In addition, Capital One reported fourth-quarter adjusted earnings per share of $3.86.
Intuitive Surgical increased 3.5% to $544.27 after the robotic surgical system maker posted strong fourth-quarter results.
The company's revenue increased to $2.7 billion and adjusted earnings per share of $2.53.
Intel Corp. declined 13.5% to $46.98 after the advanced chipmaker's current quarter outlook fell short of market expectations.
Intel estimated first-quarter revenue to fall between $11.7 billion and $12.7 billion, and breakeven adjusted earnings per share.
Annual Returns
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