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Happy Tuesday. This is TheStreet’s Stock Market Today for Jan. 13, 2026. You can follow the latest updates on the market here in our daily live blog.

Update: 4:00 p.m. ET

Market Close

The U.S. markets are now closed for the day.

In the end, none of the major U.S. equity indexes closed out the day in the green, as the Russell 2000 (-0.06%) pared its intraday gains in the last hour of trading. The weight of this morning’s December inflation report, and subsequent speculation about the addition of another Fed rate cut after the tame showing, was simply not enough to keep the index above water today.

It could’ve been worse, though: the Dow (-0.80%), S&P 500(-0.19%), and Nasdaq (-0.10%) all declined amid a downturn in tech and financials. Software names, credit servicers, and banks were most affected.

Nowhere was that more obvious than in the Dow, which lost 400 points and declined for a second consecutive day. The S&P 500, meanwhile, spent the day just before its intraday high, while the Nasdaq Composite continued to face trouble in climbing back towards its Oct. 2025 record.

Also notable, investors were likely seen positioning ahead of tomorrow’s Supreme Court decision on tariffs. Investors have largely indicated that the SCOTUS will side with businesses affected by tariffs, which had already won in lower courts, including the Court of International Trade.

A decision against tariffs tomorrow could set off a new row of volatility, though. The ruling against the emergency power tariffs will likely necessitate refunds to the affected businesses, creating new headaches. But even then, it is widely expected that the Trump administration will choose to implement its tariffs under new laws, setting off new potential legal challenges.

To that end, President Donald Trump has said that we would be “screwed” if SCOTUS rules against the tariffs. We’ll see if investors share in that view if his administration’s defense is sent packing tomorrow.

Update: 1:14 p.m. ET

Market Declines After Inflation Report, JPMorgan Commentary

Through midday, the U.S. markets are now in decline. 53.8% (2,976) issues are down today against 43.5% (2,404) advancing.

Equity indexes declined to start the morning, rose into the late morning, and are now sagging after the midway point of the day. The Russell 2000 (+0.24%) is best situated, buoyed by hopes that this morning’s inflation reading might accelerate the timing of the Fed’s next rate cut.

However, large cap indexes like the Nasdaq (-0.15%) and S&P 500 (-0.27%) are facing declines as tech stocks are seen taking on water today. Software companies are taking on water today, with Salesforce (-6.41%), Adobe (-5.44%), Intuit (-3.66%), and ServiceNow (-3.15%) saddling larger declines than the rest of the market.

The Dow (-0.69%) is especially hard hit also, thanks to the hefty aforementioned decline in Salesforce, as well as the ongoing tumult in credit service companies like Visa (-3.98%), which is facing the threat of a temporary interest rates cap on credit cards, per the Trump administration. Rounding out the trouble in the Dow, JPMorganChase (-3.77%) is the third-worst performer in the 30-strong index after reporting earnings earlier.

Here is a heat map of all U.S. equities, per FinViz:

Midday Movers

That said, we’ll turn our attention to today’s winning and losing stocks in our midday movers, the section where we aim to surmise the biggest stories on the markets. Here are today’s top 20 on either end of the market with at least a $2 billion market cap:

Winners

Today’s best-performing stock is TryHard Holdings (+90%), which announced that it would buy back more than $10 million of stock and launch a “global entertainment investment fund” with Carnegie Hill Capital Partners. The fund will invest in night clubs, music festivals, and other entertainment opportunities.

It’s followed by a few other companies you’ve likely never heard of: PCB manufacturer TTM Technologies (+21.76%, industry conference chatter), Structure Therapeutics (+19.46%, upgrade, patent deal talk), and T1 Energy (+16.02%, announced new carbon capture deal.)

In other notable names that are also on the list today, Moderna (+14.27%) is skyrocketing after some positive guidance given by management, including promises of “10% revenue growth” in FY 2026.

Warby Parker (+10.16%) is also seen rising on reports that Meta will scale up its smart glasses business in 2026; Warby is partnered with competitor Alphabet for its smart glasses venture.

There’s also Roblox (+9.15%), Fabrinet (+8.81%) and Intel (+7.83%), among other names.

Losers

On the other end of the market, Travere Therapeutics (-33.4%) is hammered after the FDA requested additional data on the company’s kidney disease treatment.

It’s joined by Regencell BIoscience (-17.97%), Ligand Pharmaceuticals (-13.52%), and iRhythm Holdings (-10.78%), three names which have landed on this list before due to their volatile trading characteristics.

Plus, as aforementioned, software companies are facing a rough patch today. Five of the 20 names on this list today are from the software corner of the market.

Update: 9:36 a.m. ET

Opening Bell

The U.S. stock market is now open for business.

Leading the way, the Nasdaq (+0.15%) and Russell 2000 (+0.14%) are a few basis points higher in the early trade, while the S&P 500 (+0.07%) is already seen sagging out of the gate. Separately, the Dow (-0.31%) is in decline by about one-third of a percentage point.

In particular, industrials and energy appear to be leading the charge out of the gate, while tech stocks are mixed and financials are continuing to struggle after recent threats by President Donald Trump, who has indicated a desire to cap credit card interest rates at 10% for a year.

That said, here’s how the S&P 500 is looking just after the market open (15 min delayed):

Also notable, continuous futures in gold (+0.23% to $4,624.60) and silver (+3.75% to $88.28) continue to hit new intraday highs this morning amid uncertainty at the Fed.

Energy commodities like natural gas (-1.68% to $2.803) and WTI Crude (+1.93% to $60.65) are mixed, by contrast, as America’s incursion in Venezuela continues to play out.

Update: 8:32 a.m. ET

A.M. Update

Good morning. The market is slated to open in less than an hour. Equity indexes are now tilting up ahead of the open after today’s biggest economic data read out — the Consumer Price Index, or CPI. Before we kick off the market day, here are the economic data points and earnings to know about:

Economic Events + Data

Today’s most important economic data readout, the Consumer Price Index is just out — and it’s looking pretty good. In the month of December, inflation rose 0.3% month-over-month to 2.7% on the year. And even better, the Core Inflation rate grew just 0.2% to 2.6% year-over-year.

Also notable this morning: The NFIB Business Optimism Index pulled together a 99.5, up from 99. The ADP Employment Change also showed that private payroll additions in the most recent week came to 11,750, up from 11K in the previous week.

That’s a pretty strong morning of data, which could translate through to U.S. stocks this morning, already up in premarket trading.

Here’s the full list of economic data readouts coming today:

Economic Events + Data

Today, we’ll start to see the first major earnings reports of the fourth quarter, led by JPMorgan Chase, BNY Mellon, and Delta Air Lines.

Delta‘s report, already out this morning, forecasted a 20% jump in 2026 profits. In addition, the company placed an order for 60 Boeing 787 Dreamliners, which bodes well for the state of luxury travel.

JPMorgan also reported this morning, besting analyst estimates thanks to strong trading revenue, but booking a lighter profit as the firm’s investment banking revenue came up short. A $2.2 billion charge for loan losses on the soon-to-be-acquired Apple Card also weighed on results.

Here is the full slate of earnings reports this morning from firms worth at least $1 billion, per FinViz: