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gave up an early advance on Friday and settled slightly lower as bond yields rose.  The 10-year T-note yield rose +6 bp to a 4.5-month high of 4.23% on Friday after President Trump expressed reluctance to nominate Kevin Hassett as Fed Chair.  Hassett was seen by markets as the most dovish candidate and the top contender for the Fed Chair nomination, so nominating someone like Kevin Warsh, a known hawk and the second-most-likely Fed Chair candidate, dampened speculation about future Fed rate cuts, pushed bond yields higher, and weighed on stocks.NAND Demand Stays Strong as Chip Sales Slump. Is Sandisk or Western Digital Stock a Better Buy in January 2026?Intel Reports Earnings on January 22. Here Is Where Options Data Says INTC Stock Could Be Trading Next.Super Micro Computer Is One of the Most Shorted Stocks. Could a Squeeze Take It Higher in 2026?Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!Stocks initially moved higher on Friday, led by strength in chipmakers.   Confidence that spending on artificial intelligence will continue is underpinning chip makers and data storage companies after Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest dedicated contract chipmaker, boosted its 2026 capital expenditure forecast on Thursday.Friday’s US economic news was mixed for stocks.  Dec manufacturing production unexpectedly rose by +0.2% m/m, stronger than expectations of a decline of -0.1% m/m. Also, Nov manufacturing production was revised upward to +0.3% m/m from the previously reported unchanged m/m. Conversely, the Jan NAHB housing market index unexpectedly fell -2 to 37, weaker than expectations of an increase to 40.The first full week of Q4 earnings season has also been a positive force for stocks, with 89% of the 28 S&P 500 companies that have reported so far beating expectations.  According to Bloomberg Intelligence, S&P earnings growth is expected to climb by +8.4% in Q4.  Excluding the Magnificent Seven megacap technology stocks, Q4 earnings are expected to increase by +4.6%.The Supreme Court didn’t rule on challenges to President Trump’s tariffs on Wednesday.  The court did not say when it will issue its next opinions but could schedule more decisions for next Tuesday and Wednesday, when the justices are again in session.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,940.01 -4.46 (-0.06%)Dow 3049,359.33 -83.11 (-0.17%)Nasdaq23,515.39 -14.63 (-0.06%)Russell 20002,677.74 +3.18 (+0.12%)VIX15.86 +0.02 (+0.13%)Gold4,595.40 -28.30 (-0.61%)Trending tickersBTC-USD Bitcoin USD 95,059.39 -199.94 (-0.21%)ETH-USD Ethereum USD 3,310.82 +20.14 (+0.61%)XRP-USD XRP USD 2.05 -0.01 (-0.43%)BTC-CAD Bitcoin CAD 132,365.45 -278.41 (-0.21%)SOL-USD Solana USD 142.83 -1.49 (-1.03%)PortfolioSign in to access your portfolioSign inTop gainersIBRX ImmunityBio, Inc. 5.52 +1.57 (+39.75%)AGX Argan, Inc. 383.66 +54.00 (+16.38%)RIOT Riot Platforms, Inc. 19.24 +2.67 (+16.11%)ASTS AST SpaceMobile, Inc. 115.77 +14.52 (+14.34%)FIGR Figure Technology Solutions, Inc. 73.91 +8.99 (+13.86%)Top losersZGN Ermenegildo Zegna N.V. 9.56 -1.46 (-13.25%)SSL Sasol Limited 6.31 -0.84 (-11.75%)TLN Talen Energy Corporation 371.66 -47.41 (-11.31%)CEG Constellation Energy Corporation 307.71 -33.42 (-9.80%)GTM ZoomInfo Technologies Inc. 9.04 -0.96 (-9.65%)Most activeIBRX ImmunityBio, Inc. 5.52 +1.57 (+39.75%)ONDS Ondas Inc. 12.16 -0.66 (-5.15%)NVDA NVIDIA Corporation 186.23 -0.76 (-0.41%)INTC Intel Corporation 46.96 -1.35 (-2.78%)BBAI BigBear.ai Holdings, Inc. 6.12 -0.05 (-0.81%)Top economic eventsEarnings eventsMy earnings eventsEarnings events