Financial Markets Wall Street

Wall Street ticked to more records after bouncing back from early losses taken because of worries about the worsening feud between the White House and the Federal Reserve. The S&P 500 tacked 0.2% onto its prior all-time high set on Friday. The Dow Jones Industrial Average recovered an early loss of nearly 500 points and added 86, while the Nasdaq composite gained 0.3%. Some nervousness was still evident in the market, though, amid concern that the Fed may be on the path to less independence in setting interest rates to keep inflation under control. Gold's price rose, and the U.S. dollar sank against other currencies.

Wall Street pulled back from its records following a mixed start to the latest profit reporting season for big U.S. companies. The S&P 500 fell 0.2% Tuesday from its all-time high. The Dow Jones Industrial Average dropped 398 points from its own record, while the Nasdaq composite slipped 0.1%. JPMorgan Chase was one of the heaviest weights on the market following its profit report. Treasury yields eased a bit after an update on inflation strengthened expectations that the Federal Reserve will cut its main interest rate at least twice in 2026 to shore up the job market.

Stocks are wavering on Wall Street as the first week of corporate earnings season closes out with markets trading near record levels. The S&P 500 rose 0.1% in afternoon trading Friday. The Dow Jones Industrial Average fell 20 points, or less than 0.1%, and the Nasdaq composite rose 0.1%. A handful of regional U.S. banks reported their earnings following mixed reports from their larger peers. Pittsburgh’s PNC jumped after it beat Wall Street’s fourth-quarter targets, but Regions Financial fell after reporting results that missed forecasts. Crude oil prices rose after dropping sharply on Thursday. Treasury yields moved higher in the bond market.