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S&P 500 Ends Week Lower After Volatile Trading | Closing Bell
Youtube· 2026-01-23 22:50
Market Overview - The market experienced a down day, with the S&P 500 showing flat performance, up only about four points, while the Dow Jones Industrial Average fell almost 300 points or 0.6% [2][6] - The Russell 2000 underperformed the S&P 500 for the first time in two weeks, declining by 1.8% [4][7] - A mixed trading day was noted, with the S&P 400 mid-caps down 1%, and the Dow transports down 1.4% [6][7] Sector Performance - The materials sector outperformed, gaining approximately 0.9%, while financials were the biggest losers, down about 1.3% [8] - Individual stocks showed significant movement, with Fortinet rising 5.2% after an upgrade, and CSX up 2.3% despite a challenging environment [9][11] Notable Company Updates - Intel was the most actively traded stock, plummeting 17% due to a lackluster forecast and manufacturing issues, marking its worst single-day performance since August 2024 [14][15] - Apple shares slipped slightly, down about 3% for the week, marking its eighth consecutive negative week, the longest stretch since May 2022 [16][17] Economic Indicators - The bond market saw modest declines in yields, with significant volatility earlier in the week, and attention is focused on upcoming economic data and a Federal Reserve meeting [22][23] Weather Impact - A major snowstorm is affecting over 170 million Americans, leading to significant flight cancellations and concerns about power supply and grid resilience [24][25][26]