An operator on the New York Stock Exchange, January 14, 2026 (AFP / TIMOTHY A. CLARY)
The New York Stock Exchange ended lower on Wednesday, weighed down by the decline in the giant market capitalizations of the technology sector, against a backdrop of mixed quarterly results for the large American banks.
The Nasdaq index – with a strong technological coloring – lost 1.00%, the broader S&P 500 index fell by 0.53% and the Dow Jones by 0.09%.
“The mood of investors is changing” and “a certain negativity is setting in” on the American market, comments Jack Ablin, from Cresset, to AFP.
“The selling pressure on very large capitalization securities was strong enough to weigh on the main indices, despite the relative resilience of small caps,” note the analysts at Briefing.com.
The “Magnificent Seven”, the nickname given to the big names in the technology sector, all finished in the red, like Nvidia (-1.44%), Amazon (-2.43%), Apple (-0.40%) and Microsoft (-2.40%).
At the same time, “the financial sector continues to be under pressure” and “the main factor driving sales today is the publication of mixed results by the big banks”, explain the experts at Briefing.com.
Bank of America fell (-3.70%) despite better than expected performance in the last three months of 2025, while Wells Fargo (-4.60%) did less well than expected and Citigroup (-3.34%) saw its results cut by a loss linked to Russia.
“There is a wind of risk aversion blowing on Wall Street today,” summarizes Jose Torres of Interactive Brokers.
In terms of indicators, retail sales rebounded more than expected in November, up 0.6% over one month, to reach $735.9 billion, reported the Ministry of Commerce. Analysts expected a lower rate, around 0.3%.
The producer price index (PPI) for November increased by 0.2% over one month, accelerating compared to October.
These figures “reinforce the market’s opinion that we will probably have to wait several more months before the next cut in interest rates” from the American central bank (Fed), note analysts at Briefing.com.
Operators continue to anticipate two rate cuts in 2026, according to the CME monitoring tool FedWactch.
On the bond market, the yield on the ten-year US government bond eased to 4.14% around 9:15 p.m. GMT, compared to 4.18% at the close the day before.
In the table of values, the Trip.com group, China’s largest supplier of online travel reservations, tumbled (-17.05% to $62.78) after the opening of an investigation by Beijing for suspicions of monopolistic practices.
“All company activities are continuing normally” during the procedure, opened by the Chinese market regulator, the company assured Wednesday.
The tourism sector was particularly struggling, like the short-term property rental site Airbnb (-5.20%) or the online reservation platforms Booking (-2.40%) and Expedia (-3.07%).
The electric vehicle manufacturer Rivian clearly slipped (-7.16% to $17.50), suffering from a downward revision of its title by the bank UBS.
Nasdaq
