CHICAGO, ILLINOIS - JANUARY 10: DJ Moore #2 of the Chicago Bears runs with the ball during an NFL wild card playoff game against the Green Bay Packers at Soldier Field on January 10, 2026 in Chicago, Illinois.

A comeback for the Bears (Michael Owens/Getty Images)

Stocks dragged down by financials and hyperscalers

Despite soft inflation and an earnings beat from JPMorgan, policy proposals continued to sway stocks.

1/13/26 4:03PM

The S&P 500, Nasdaq 100, and Russell 2000 all fell Tuesday. Though core CPI inflation was softer than analysts had forecast, traders still anticipate that a January rate cut is unlikely. (Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Despite better-than-expected earnings from JPMorgan Chase, the financial sector was hardest hit as worries over a 10% interest rate cap on credit cards continued to plague bank stocks.

Microsoft, Amazon, and Meta fell as President Trump wrote in a Truth Social post yesterday evening that the AI data center boom that’s driving massive growth for hyperscalers’ cloud businesses must “never” cause Americans to pay higher electricity prices. In response, Microsoft unveiled a “community-first AI infrastructure plan,” though the stock still fell. Meta, which is poised to suffer the most from shouldering higher data center costs, fell as well.

Stocks that moved higher:

Moderna soared after saying yesterday that its COVID-19 business did better than expected last year and it cut even more costs.
Alphabet notched a new record high following wins for Gemini.
Roblox surged as its new brainrot game climbed the engagement charts.
Boeing rose as it announced 600 commercial jet deliveries in 2025, up 72%.
Intel jumped to a new 52-week high as the stock was upgraded to “overweight” from “sector weight” by KeyBanc.
KeyBanc also upgraded Advanced Micro Devices to “overweight” from “sector weight.”

Stocks that moved lower:

Salesforce had its worst trading day in nearly two years as Anthropic debuted its Cowork tool, an autonomous digital assistant for completing office tasks.
Delta Air Lines dropped on its underwhelming 2026 guidance. Peers American Airlines, Alaska Airlines, United Airlines, and Southwest Airlines also traded lower on Delta’s disappointing guidance.
Goldman Sachs initiated coverage on Super Micro Computer with a “sell” rating and a $26 price target.
Micron ticked lower as the Taiwanese tech site DigiTimes reported that the chipmaker is warning customers that the supply shortage for memory chips could last until 2028.
Synopsys fell after Piper Sandler downgraded the stock to “neutral” from “overweight,” citing “enormous reallocation” to AI in the semi industry.

Tasha Matsumoto, Matt Phillips

The S&P 500, Nasdaq 100, and Russell 2000 close at record highs again as Strait of Hormuz is declared open

Stocks reached new record highs as risk-on sentiment flooded back into the markets, while oil tumbled.

Chicago Bulls players Dennis Rodman (L), Scottie Pippen (C) and Michael Jordan (R) hold three of the team's four recent Larry O'Brien trophies 18 June at a rally for the team in Grant Park in Chicago.

Matt Phillips9h

With their recent surge, Intel shares just hit their highest level since the dot-com era

Intel’s surge of nearly 60% this month has the iconic American chipmaker’s stock price approaching levels last seen during the dot-com era. Bloomberg noted that shares just touched their highest intraday level since the turn of the century:

“The stock rose as much as 1.5% to $69.55, topping a peak it hit on Jan. 24, 2020. The shares are up 90% this year, after soaring 84% in 2025. Intel is now roughly 8% from its all-time closing high of $74.88, established on Aug. 31, 2000.”

That’s just the most recent late-’90s-era throwback we’ve been seeing in tech shares lately. Oracle is currently pacing for its best week since late 1999.

What’s even more remarkable, however, is that Intel’s forward price-to-earnings ratio today dwarfs the premiums the market was putting on the stock during the nuttiness of the dot-com mania.

That reflects the fact that the recent run-up in Intel shares is, essentially, giving the chip giant credit for a massive turnaround that hasn’t actually happened yet.

One also might wonder if the fact that Intel is partially owned by the US government means it’s more attractive — and therefore worth a higher premium — than other chipmakers without the state imprimatur.

Still, kind of startling.

Jake Paul v Anthony Joshua - Fighter Showcase & Open Workout

Netflix sinks following disappointing outlook as investors wait for more ad growth

Netflix shares are down more than 10% on Friday morning.

Max Knoblauch10h

J. Edward Moreno10h

Eli Lilly’s GLP-1 pill hit nearly 1,400 prescriptions in first week

Eli Lilly rose after preliminary numbers cited by Wall Street analysts showed strong uptake of its new weight-loss pill.

The FDA approved Foundayo on April 1 and shipments began on April 9. In its first week, roughly 1,400 US prescriptions were written for the drug, according to IQVIA data cited by Deustche Bank analysts in a Friday note.

Novo Nordisk, Lilly’s rival in the GLP-1 market, released its GLP-1 pill earlier this year, and early signs show that it’s expanding the market, inviting patients who were turned off by weekly injections. Novo’s pill had a stronger first week than Lilly’s, with its Wegovy pill hitting 3,071 US prescriptions in the first four days after its launch on January 5.

Lilly’s pill has an advantage over Novo’s, which is that it can be taken at any time of day, with or without food. Lilly disclosed in a February regulatory filing that it had $1.5 billion worth of prelaunch inventory ready ahead of the FDA approval — which is about as much as analysts polled by FactSet expect it to sell this year.

Eli Lilly makes the world’s bestselling drug. Can it keep the party going?

Claire Yubin Oh11h

Critical Metals jumps after Greenland’s government approves CRML to take majority control of the Tanbreez mining project

Critical Metals is up more than 25% in premarket trading on Friday after the critical mining company announced that it now owns 92.5% of the Tanbreez rare earth deposit following an approval from the government of Greenland.

With that latest government support, Critical Minerals added an additional 50.5% stake to its ownership, reportedly acquired from Rimbal Pty Ltd, per Bloomberg News. With access to eight heavy rare earth elements often used in consumer electronics and defense, the site is one of the world’s largest undeveloped rare earth deposits and a key source of rare earth supply outside of China, according to the company.

In Critical Metals’ press release, Chairman Tony Sage commented that the approval “removes the most significant structural overhang on the project and provides the clarity to advance Tanbreez to production with confidence,” especially as Tanbreez’s location offers a significant logistical advantage through its year-round direct shipping access, compared to rival projects.

With 92.5% of the project now vested in Critical Metals Corp., and the remainder owned by European Lithium Ltd., CRML now has full control of the project and is seeking to accelerate development there, with plans for a new international airport and a “150-tonne bulk sample program,” which is slated for June 2026.