Wall Street wrapped up Tuesday, January 13, 2026, on a down note, erasing early gains sparked by inflation data as major banks and credit firms weighed on sentiment. Investors digested a steady Consumer Price Index (CPI) reading, mixed corporate earnings, and ongoing geopolitical chatter, including President Trump’s comments on Iran and potential tariffs. While the broader market remains near record highs, today’s session highlighted some caution creeping in after a strong start to the year.
The S&P 500 dipped 0.2% (13.53 points) to close at 6,963.74, retreating from its recent peak.
The DOW took the biggest hit, sliding 0.8% (398.21 points) to 49,191.99, dragged primarily by financial heavyweights.
The Nasdaq edged down 0.1% to 23,709.87, holding up better thanks to pockets of strength in tech.
The Labor Department’s December CPI report showed headline inflation holding steady at 2.7% year-over-year, matching November’s pace and economist expectations.
Core CPI (excluding food and energy) also remained flat month over month, softer than forecasts for a slight uptick.
Sectors like software and financials lagged, while energy and select biotech names provided some lift. Overall volume was moderate, with decliners outpacing advancers.
Looking ahead, keep an eye on more bank earnings (Wells Fargo, Bank of America tomorrow) and retail sales data later this week. With the S&P up about 3% YTD already, today’s dip could be a healthy breather—or a sign of volatility ahead in a Trump-influenced landscape. Stay tuned.
I added OPEN to the P&L today.