Stocks Edge Down on Fed Chair Uncertainty
WSJ Minute Briefing
The Wall Street Journal
4.1 • 671 Ratings
🗓️ 16 January 2026
⏱️ 3 minutes
🧾️ Download transcript
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| 0:00.0 | Boardrooms love buzzwords. |
| 0:02.0 | AI, climate, resilience. |
| 0:03.8 | But what do they actually mean for CFOs and execs trying to survive the next earnings call? |
| 0:08.3 | That's where the pre-read comes in. |
| 0:09.9 | Real experts and real talk. |
| 0:11.7 | Subscribe to the pre-read. |
| 0:13.2 | Presented by Workieva. |
| 0:18.8 | Here's your closing bell brief for Friday, January 16th. I'm Catherine Sullivan for the Wall Street Journal. |
| 0:25.7 | U.S. stocks edged lower today. The Dow slipped two-tenths of a percent. The S&P 500 and the NASDAQ were |
| 0:32.3 | both down a tenth of a percent. However, the small-cap Russell 2000 index closed at a record for the third straight day. |
| 0:40.0 | President Trump said today he might want to keep National Economic Council Director Kevin Hassett, |
| 0:45.2 | a top contender for the Federal Reserve chairman, in his current job. |
| 0:49.2 | Treasury yields climbed as the market weighed the next central bank leader. |
| 0:53.3 | Among individual companies, earnings and |
| 0:55.5 | clinical news drove significant price moves. Novo Nordisk shares rose 6.5% in Denmark today. The gain |
| 1:02.5 | followed news of positive uptake for the drug maker's new weight loss pill. Rival Eli Lilly |
| 1:07.9 | shares also advanced about half a percent. PNC Financial Services stock climbed |
| 1:12.9 | 4 percent after reporting higher profit. The Pittsburgh Bank saw strong loan growth and increased |
| 1:18.7 | demand for financial services. Micron Technology shares jumped 8 percent during a broader |
| 1:24.7 | semiconductor rally. Investors responded to record quarterly results from a major |
| 1:29.4 | contract chipmaker. State Street stock dropped 6% after the company reported lower profit in the |
| 1:35.8 | fourth quarter, missing expectations. And J.B. Hunt Transport Services fell 1%. The logistics company |
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