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Informist, Friday, Jan. 16, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices end higher after 2 sessions of decline; bk shrs up

 

MUMBAI--0735 IST--Equity indices in the US ended higher Thursday after two consecutive sessions of declines. The gains were led by a rise in banking stocks, as they kicked off the earnings season, as well as shares of chip-making companies. Further, the latest economic data pointed towards a strong jobs market.

 

Shares of Goldman Sachs and Morgan Stanley rose nearly 5% and 6%, respectively, after they reported a rise in quarterly profits due to a flurry of dealmaking, according to a report from Reuters. Mixed results from other banks weighed on the sector earlier this week, along with tensions over US President Donald Trump's call for a one-year cap on credit card interest rates at 10%. Shares of BlackRock gained nearly 6% after the surge in markets pushed the company's assets under management to a record $14.04 trillion. The financial management company earned $342 billion in total client cash for the quarter ended Dec. 31, according to a Bloomberg report.  

 

Shares of chipmaking companies rose after Taiwan Semiconductor Manufacturing Co. reported a record quarter and said it expects to boost its capital expenditure in 2026 to around $52 billion-$56 billion. Shares of the company rose over 4%, CNBC reported. Shares of VanEck Semiconductor ETF and NVIDIA Corp. rose over 2?ch. Results of the Taiwan-based chipmaker reassured investors that artificial intelligence is not necessarily a bubble currently, Kim Forrest, investment chief at Bokeh Capital Partners, was quoted as saying by CNBC. The Taiwan-based company is going to spend a lot of money to build out capacity, the investment chief added. 

 

The jobless claims data for the week ended Saturday came in at 198,000. This was lower than the 215,000 expected by a poll of economists from Dow Jones, CNBC said. The rebound in the indices comes after two sessions of fall where investors were concerned over the geopolitical tensions in Iran and Greenland along with the future of the US Federal Reserve and its independence after the criminal investigation into US Federal Reserve Chair Jerome Powell. Investors are set to await earnings from more diversified companies next week, Reuters said. 

 

Following are the closing levels of US indices Thursday:  

 

Index	Level	Change in %
S&P 500	6944.47	0.26
NASDAQ Composite	23530.022	0.25
Dow Jones Industrial Average	49442.44	0.6

 

(Akshat Saksena)

 

US$1 = INR 90.30

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.

 

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