More Stories

Informist, Tuesday, Jan. 13, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: Indices in US end higher; S&P 500, Dow Jones hit closing highs

 

MUMBAI--0740 IST--Equity indices in the US ended higher Monday, with the S&P 500 and the Dow Jones Industrial Average closing at fresh highs. Technology stocks and gains in shares of Walmart aided markets during the session, while investors set aside concerns over the criminal investigation into US Federal Reserve Chair Jerome Powell. 

 

Markets had opened lower due to concerns and pessimism surrounding the investigation into Fed Chair Powell by the US Department of Justice, Reuters said. The investigation by the department into Powell's comments at the June Congressional hearing over a renovation project of the Fed headquarters raised concerns over the independence of the central bank. However, gains in Walmart, which ended 3% higher, and the S&P 500 Information Tech index supported both the S&P 500 and Nasdaq. 

 

"The news that Powell is being investigated by the Justice Department was basically telegraphed by Trump, and so I think the market is taking it in stride for now," Peter Cardillo, chief market economist at Spartan Capital Securities in New York was quoted as saying by Reuters. The support shown by other governors of the US Federal Reserve also provided comfort to markets, the analyst added. 

 

US President Donald Trump's call to have a 10?p on credit card rates prompted banking stocks to fall during the session, Reuters said. Shares of Citi Group fell 3%, while those of JPMorgan Chase & Co. and Bank of America Corp. fell over 1?ch. Shares of Capital One Financial Corp. fell over 6% during the session, according to a report from CNBC. 

 

Investors are looking forward to the US consumer price index report, due later in the day, which could weigh on the outlook for rate cuts by the US Federal Reserve, Reuters said. "The impact of Chairman Powell being under investigation is likely a long-term impact, meaning it's not going to change interest rates in the near term; it's not going to change inflation in the near term," Jim Lebenthal, chief markets strategist at Cerity Partners, was quoted as saying by CNBC. The expectation of strong earnings and the CPI coming in at below 3% along with the rapid economic growth are likely keeping the indices higher for the short term even if the investigation is detrimental for the log term, the chief markets strategist added.  

 

Following are the closing levels of US indices Monday:  

 

Index	Level	Change in %
S&P 500	6977.27	0.16
NASDAQ Composite	23733.90	0.26
Dow Jones Industrial Average	49590.2	0.17

 

 

(Akshat Saksena)

 

US$1 = INR 90.15

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.