US close: Stocks mixed following back-to-back winning sessions
By Iain Gilbert
Date: Friday 23 Jan 2026
(Sharecast News) - Major indices delivered a mixed performance on Friday after two solid back-to-back performances as geopolitcal tensions begun to ease.
At the close, the Dow Jones Industrial Average was down 0.58% at 49,098.71, while the S&P 500 ticked up 0.03% to 6,915.61 and the Nasdaq Composite saw out the session 0.28% firmer at 23,501.24.
The Dow closed 285.30 points lower on Friday, almost erasing gains recorded in the previous session, as investors digested a mix of corporate updates and geopolitical headlines.
Broader caution followed renewed geopolitical tensions, including ongoing uncertainty around US-Europe relations and developments in Iran, which have added to market unease in recent sessions.
On the macro front, a preliminary reading of S&P Global's January manufacturing purchasing managers index came to 51.90, up from 51.80 in December, while the services PMI remained unchanged at 52.50 points in January. The composite PMI increased to 52.80 points, up from 52.70 points in the prior month.
Elsewhere, the University of Michigan's consumer sentiment index was upwardly revised to 56.4 in January, up from a preliminary 54.0 and December's 52.9 - marking a second straight monthly increase and the highest reading since August, with modest gains seen across all major components of the index.
In the corporate space, Intel shares were down double digits in early trading, with the chipmaker on track for its biggest one-day loss since its 26.1% drop in August 2024. Intel's losses come after it issued soft revenue and earnings guidance for the current quarter, stating it expects first-quarter revenues to be between $11.7bn and $12.7bn, and adjusted earnings per share to be breakeven.
No major earnings were released on Friday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Microsoft Corp. (MSFT) $465.95 3.28%
Coca-Cola Co. (KO) $72.88 1.41%
3M Co. (MMM) $162.57 1.28%
McDonald's Corp. (MCD) $309.33 1.05%
Johnson & Johnson (JNJ) $220.14 0.76%
Home Depot Inc. (HD) $383.77 0.72%
Unitedhealth Group Inc. (UNH) $356.26 0.50%
Cisco Systems Inc. (CSCO) $74.59 0.35%
Boeing Co. (BA) $252.10 0.29%
Procter & Gamble Co. (PG) $150.15 0.15%
Dow Jones - Fallers
Intel Corp. (INTC) $45.07 -17.03%
Goldman Sachs Group Inc. (GS) $918.88 -3.75%
Caterpillar Inc. (CAT) $626.62 -3.36%
Walt Disney Co. (DIS) $110.98 -1.97%
JP Morgan Chase & Co. (JPM) $297.72 -1.95%
American Express Co. (AXP) $361.69 -1.72%
Merck & Co. Inc. (MRK) $108.15 -0.92%
International Business Machines Corporation (CDI) (IBM) $292.35 -0.76%
Amgen Inc. (AMGN) $344.75 -0.67%
Nike Inc. (NKE) $65.04 -0.64%
S&P 500 - Risers
Fortinet Inc. (FTNT) $81.64 5.18%
Alaska Air Group Inc. (ALK) $50.90 4.11%
CF Industries Holdings Inc. (CF) $92.38 3.53%
Microsoft Corp. (MSFT) $465.95 3.28%
Packaging Corp. Amer (PKG) $225.39 3.03%
Intuit Inc. (INTU) $563.97 2.97%
International Paper Co. (IP) $43.13 2.87%
Alexandria Real Estate Equities Inc. (ARE) $59.69 2.75%
Freeport-McMoRan Inc (FCX) $60.41 2.65%
Kroger Co. (KR) $64.25 2.55%
S&P 500 - Fallers
Intel Corp. (INTC) $45.07 -17.03%
Capital One Financial Corp. (COF) $217.30 -7.56%
Whirlpool Corp. (WHR) $85.20 -4.72%
CenturyLink Inc. (LUMN) $8.57 -3.92%
United Rentals Inc. (URI) $919.03 -3.87%
Goldman Sachs Group Inc. (GS) $918.88 -3.75%
Mohawk Inds Inc. (MHK) $120.98 -3.70%
Caterpillar Inc. (CAT) $626.62 -3.36%
D. R. Horton Inc. (DHI) $150.55 -3.36%
TE Connectivity Ltd (TEL) $223.95 -3.25%
Nasdaq 100 - Risers
Liberty Global plc Series A (LBTYA) $10.89 3.52%
Liberty Global plc Series C (LBTYK) $10.89 3.42%
Microsoft Corp. (MSFT) $465.95 3.28%
Intuit Inc. (INTU) $563.97 2.97%
CSX Corp. (CSX) $36.64 2.40%
Kraft Heinz Co. (KHC) $23.20 2.11%
Amazon.Com Inc. (AMZN) $239.16 2.06%
Take-Two Interactive Software Inc. (TTWO) $245.73 1.92%
Check Point Software Technologies Ltd. (CHKP) $181.23 1.72%
Meta Platforms Inc. (META) $658.76 1.72%
Nasdaq 100 - Fallers
Intel Corp. (INTC) $45.07 -17.03%
Incyte Corp. (INCY) $101.99 -2.92%
Qvc Group Inc Series A (QVCGA) $10.29 -2.74%
Illumina Inc. (ILMN) $150.25 -2.40%
American Airlines Group (AAL) $14.67 -2.33%
J.B. Hunt Transport Services Inc. (JBHT) $206.75 -1.89%
Broadcom Inc. (AVGO) $320.05 -1.67%
Synopsys Inc. (SNPS) $501.39 -1.59%
Wynn Resorts Ltd. (WYNN) $113.55 -1.31%
PACCAR Inc. (PCAR) $122.00 -1.26%
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