On January 25, 2026, the S&P 500 Index rose by 0.51%, the Dow Jones industrials increased by 0.26%, and the Nasdaq 100 gained 0.57%, supported by a stronger-than-expected report on US durable goods orders, which rose 5.3% month-over-month, surpassing expectations of 4.0%. Meanwhile, March E-mini S&P futures increased by 0.50%, and March E-mini Nasdaq futures went up by 0.57%.
Stock performance is weighed down by President Trump’s threat of 100% tariffs on US imports from Canada if it signs a trade agreement with China. Additionally, fears of a partial government shutdown loom, with Senate Democrats threatening to block a funding deal over ICE funding. The dollar index fell 0.7%, hitting a four-month low, while the 10-year T-note yield decreased to 4.211% amidst market uncertainty.
With earnings season underway, 102 S&P 500 companies are expected to report this week, with a positive trend noted as 78% of companies that have reported so far exceeded expectations. S&P earnings growth is anticipated to increase by 8.4% for Q4 2026.
