**U.S. Stock Market Update – January 26, 2026**
The S&P 500 Index is up 0.27% as of today, with the Dow Jones Industrial Average rising 0.33% and the Nasdaq 100 increasing by 0.07%. This uptick is supported by a 5.3% rise in U.S. durable goods orders for November, exceeding expectations of 4.0% and reversing a 2.1% decline in October.
However, the market faces pressure from geopolitical risks due to President Trump’s threat of imposing 100% tariffs on U.S. imports from Canada and the looming possibility of a partial government shutdown. The government funding measure is set to expire this Friday, amid political tensions related to ICE funding. The dollar index has fallen 0.5%, hitting a four-month low, as speculation rises about potential U.S. intervention to bolster the yen.
As for earnings, 102 S&P 500 companies are reporting this week, with 78% of those having exceeded expectations. S&P earnings growth is anticipated at 8.4% for Q4 2026, excluding major tech companies, where growth is expected to remain at 4.6%.
