Dow, S&P 500 Eye Weekly Losses Despite Tariff Threat Reversal
DowDow(US:DOW) Schaeffers Investment Research·2026-01-23 18:36

Market Reactions - President Trump's initial tariff threats regarding the sale of Greenland led to significant declines in major indices, marking the worst session since October for the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 Index [1] - Following Trump's change in rhetoric at the World Economic Forum, stocks rebounded, although the week ended with mixed results due to disappointing manufacturing and services data [1] Earnings Reports - 3M's stock declined despite beating fourth-quarter earnings and revenue expectations, attributed to a weak full-year profit forecast [2] - Netflix shares fell sharply due to concerns over margins and potential buyouts [2] - GE Aerospace and Intel experienced post-earnings declines, while Capital One Financial's stock dropped after a revenue miss and an announcement to acquire startup Brex for $5.15 billion [2] Precious Metals and Mining - Trade and geopolitical tensions have heightened interest in precious metals and rare earths, with MP Materials and USA Rare Earth shares rising amid tariff threats related to Greenland [3] - Freeport-McMoRan's stock saw a rally ahead of its earnings report, and gold prices reached record highs, driven by increased demand for safe-haven assets [3] Upcoming Events - The Federal Reserve is set to announce its interest rate decision next week, coinciding with a series of significant earnings reports from major companies including American Airlines, Boeing, Chevron, and Tesla [4]