US Stocks Tick Lower Friday, Head for January Gain
2026-01-30 14:43
By
Joana Taborda
1 min. read
US stocks edged lower on Friday, with the S&P 500 and the Dow Jones each down 0.2% and the Nasdaq slipping 0.3%, as investors digested President Trump’s nomination of Kevin Warsh to succeed Fed Chair Powell and assessed a fresh batch of corporate earnings.
Markets view Warsh as a more hawkish pick who would support lower interest rates, though less aggressively than other potential candidates.
Materials, communication services and technology were the weakest-performing sectors, while healthcare outperformed.
Apple fell 1.2% despite reporting strong quarterly results and higher iPhone sales, and Visa lost 1% even after beating earnings and revenue expectations.
ExxonMobil slipped 0.8%, while American Express tumbled 3.1% following an earnings miss.
In contrast, Chevron rose 0.5% after posting a profit beat, and Verizon surged 6.6% on strong results.
Despite Friday’s pullback, the S&P 500 is up 1.8% so far for the January month while the Dow advanced 2.1%, and the Nasdaq gained 1.9%.