Mixed Market Performance, Intel Soars 7.33%, JPMorgan Drops 4.19%
Market Watcher01-14
On January 13, 2026, the US stock market closed with mixed performance. The Nasdaq Composite Index saw a slight increase, while the S&P 500 Index also edged up. However, the Dow Jones Industrial Average experienced a minor decline.
In the sectoral landscape, the semiconductor sector showed significant gains. Intel surged by 7.33% following an upgrade by KeyBanc, reflecting strong demand for server CPUs. Similarly, Advanced Micro Devices rose by 6.42% due to the same upgrade. The tech sector also saw positive movements with NVIDIA up by 0.47% after announcing an expanded AI collaboration with Caterpillar.
Conversely, the financial sector faced notable declines. JPMorgan Chase dropped by 4.19% after reporting a 7% decline in Q4 net income, impacted by a $2.2 billion credit reserve linked to a new credit card issuer deal with Apple. Additionally, the bank's investment banking fees fell by 5% year-over-year, contributing to the stock's decline.
Microsoft fell by 1.36% despite announcing a community-focused AI data center initiative. Amazon.com and Meta Platforms, Inc. also saw declines of 1.57% and 1.69% respectively, despite positive analyst ratings and price target increases.
Alphabet and Alphabet both saw gains of 1.11% and 1.24% respectively, following TD Cowen's maintenance of a Buy rating and a slight increase in the price target.
Netflix experienced a 1.02% increase despite a price target cut by TD Cowen, reflecting a revised outlook on the stock's valuation.
Micron Technology fell by 2.19% despite Keybanc raising its price target, indicating mixed sentiment towards the stock.
Roblox Corporation saw a significant increase of 10.53% despite a price target cut by Morgan Stanley, reflecting continued positive sentiment towards the stock's potential performance.
AST SpaceMobile, Inc. and Intuitive Machines faced declines of 5.76% and 8.49% respectively, following mixed analyst outlooks and a significant acquisition announcement.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.