News Bulletin

Friday, January, 16^th, 2026

Evening Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Friday, January, 16^th, 2026
9:15	Industrial Production (YoY) (Dec)	1.99%		2.68%
9:15	Industrial Production (MoM) (Dec)	0.40%	0.10%	0.40%
11:00	FOMC Member Bowman Speaks
13:00	U.S. Baker Hughes Oil Rig Count	410		409
13:00	U.S. Baker Hughes Total Rig Count	543		544
15:30	CFTC S&P 500 speculative net positions	-122.1K		-106.1K
15:30	CFTC Gold speculative net positions	251.2K		227.6K
15:30	CFTC Crude Oil speculative net positions	58.1K		57.4K

Indices

	CLOSE	50 DMA	200 DMA
DJIA	49,359.33	47,976.52	44,901.59
NASDAQ	23,515.39	23,268.84	21,148.66
S&P 500	6,940.01	6,829.72	6,355.80

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap : market Capital/ BMO : Before Market Opening /AMC : After Market Close)

COMPANY	EPS Act	EPS Fore	Rev Act	Rev Fore	Mkt Cap	Time
PNC Financial (PNC)	4.88	4.19	6.1B	5.95B	87.50B	BMO
State Street (STT)	2.97	2.78	3.67B	3.59B	35.76B	BMO
M&T Bank (MTB)	4.72	4.47	2.47B	2.47B	32.70B	BMO
Regions Financial (RF)	0.57	0.61	1.92B	1.93B	24.39B	BMO
Private Bancorp of America (PBAM)	1.71	1.77	32.47M	32.58M	333.67M	BMO
Wipro ADR (WIT)	--	0.0356	--	2.61B	30.86B
Commerce Bancshares (CBSH)	--	0.999	--	442.83M	8.08B
BancFirst (BANF)	--	1.79	--	173.76M	3.77B
1st Source (SRCE)	--	1.61	--	110.92M	1.58B
Five Point (FPH)	--	--	--	--	838.42M
Metropolitan Bank (MCB)	--	2.2	--	83.15M	816.84M
ASOS plc PK (ASOMY)	--	--	--	--	476.59M
Citizens&Northern (CZNC)	--	0.57	--	35.4M	382.03M
Lifecore Biomedical (LFCR)	--	-0.1575	--	37.05M	308.72M
First Bancshares (FBSI)	0.87	--	7.04M	--	81.01M
Four Seasons Education (FEDU)	--	--	--	--	26.27M
Brookmount Explorations Inc (BMXI)	--	--	--	--	11.57M
First Republic Bank (FRCB)	--	--	--	--	1.87M
BOK Financial (BOKF)	--	2.17	--	550.26M	8.08B	AMC

Market News:

The S&P 500 closed lower Friday, as solid quarterly earnings and healthy economic data were offset by concerns about fresh new tariffs and uncertainty over Federal Reserve leadership.

The Dow Jones Industrial Average fell 83 points, or 0.2%, the S&P 500 index fell about 0.1%, and the NASDAQ Composite fell about 0.1%.

Trump threatens fresh tariffs if countries oppose to U.S. interest in Greenland; trumps sows Fed leadership uncertainty

President Donald Trump warned on Friday that he may impose tariffs on countries that "don’t go along with Greenland," which the president said is needed for national security.

“We need Greenland for national security. So I may do that,” Trump said at the White House during a health-care-related event.

The comments raised uncertainty over fresh tariffs just as many were becoming comfortable with the idea that the effective rate of tariffs - following a blitz of trade levies imposed on countries last year - would likely remain steady.

Adding to the uncertain backdrop, Trump said he would prefer National Economic Council Director Kevin Hassett remain in his current role rather than be nominated for the Fed chair role. The move took some by surprise as Hassett, seen as pro markets, was widely expected to get the nomination.

Bank results to the fore

The banking sector has been in the spotlight this week, with reports from America’s biggest lenders underlining how a topsy-turvy 2025 in financial markets aided trading desks.

Earlier Friday, PNC Financial Services (NYSE:PNC) posted a 25% jump in profit in the fourth quarter, as the U.S. bank earned more from interest payments and cashed in on a dealmaking rebound.

On the flip side, Regions Financial (NYSE:RF) reported fourth quarter adjusted earnings that fell short of expectations, despite posting revenue growth and solid full-year performance.

The bank earnings signaled the start of the fourth quarter earnings season in earnest, with a string of major companies set to report in the coming week. Netflix (NASDAQ:NFLX), 3M Company (NYSE:MMM) and U.S. Bancorp (NYSE:USB) are due to report on Tuesday, while Johnson & Johnson (NYSE:JNJ) will report on Wednesday.

Visa (NYSE:V), Intel (NASDAQ:INTC), Abbott Laboratories (NYSE:ABT), Intuitive Surgical (NASDAQ:ISRG) and many more will report later in the week.

The tech sector has also been in focus in the wake of chipmaker TSMC’s record-high fourth-quarter profit.

The company is a key supplier to U.S. tech majors such as Nvidia (NASDAQ:NVDA) and Apple (NASDAQ:AAPL), and has benefited greatly from an AI-driven surge in chip demand in recent years.

Solid economic data; Fed speakers lean toward keeping rates steady

There were more economic data to digest Friday, with industrial production climbing 0.4% on the month in December, while manufacturing production gained 0.2% over the course of the same month. These numbers were stronger than expected, and continued the week’s healthy view of the country’s economy.

On Thursday U.S. initial jobless claims unexpectedly fell to 198,000 last week, below the 215,000 forecast, highlighting continued labor market strength.

The data reinforced market views that the Fed will keep policy rates steady for longer, resulting in traders pushing back expectations for the first rate cut toward mid-year.

Comments from several Federal Reserve officials overnight added to the cautious tone.

Chicago Fed President Austan Goolsbee said Thursday that amid ample evidence of stability in the job market, the central bank should be focused on getting inflation down.

Kansas City Fed President Jeff Schmid called inflation "too hot", while San Francisco Fed President Mary Daly said that incoming U.S. economic data looks promising.

Federal Reserve Vice Chair Philip Jefferson, meanwhile, added to expectations for the Fed to keep rates steady later this month after suggesting that the central bank’s benchmark rate was now at a neutral level - one that neither stimulus nor weighs on the economy - following several rate cuts.

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