Published January 17. 2026 08:24AM
NEW YORK (AP) — Stocks edged a bit lower Friday on Wall Street as the first week of corporate earnings season ended with markets trading near record levels.
The wobbly day for stocks closed out a week of similar movements for major indexes amid profit reports from banks and updates on inflation.
The S & P 500 fell 4.46 points, or 0.1%, to 6,940.01. It is sitting just below its record, which was set on Monday. The Dow Jones Industrial Average fell 83.11 points, or 0.2%, to 49,359.33. The Nasdaq composite fell 14.63 points, or 0.1%, to 23,515.39. Each index notched weekly losses.
Smaller company stocks fared better. The Russell 2000 eked out a 0.1% gain, while also notching a 2% gain for the week.
Technology stocks were the strongest forces behind the moves throughout most of the day. Several big technology stocks made strong gains and helped offset losses elsewhere.
Broadcom rose 2.5% and Micron Technology rose 7.8%. The semiconductor companies are among several Big Tech companies with outsized valuations that often push the market.
A handful of regional U.S. banks reported their earnings following mixed reports from their larger peers. Pittsburgh’s PNC jumped 3.8% after it beat Wall Street’s fourth-quarter targets, but Regions Financial fell 2.6% after reporting results that missed forecasts.
Outside of the banking sector, transport company J.B. Hunt Transport Services fell 1% after reporting mixed quarterly financial results.