The S&P 500 Index closed 0.5% lower in New York, notching its first back-to-back decline of the year. The tech-heavy Nasdaq 100 Index dropped 1.1%, also adding to losses from Tuesday’s session, almost wiping out gains for the year. Wholesale inflation picked up slightly in November from a month earlier, driven by a jump in energy costs. The producer price index rose 0.2% after climbing 0.1% in the prior month, according to the Bureau of Labor Statistics. Earnings are keyBig bank earnings continued to roll in.

Source: The Edge Markets January 14, 2026 22:23 UTC