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Here's your closing bell brief for Thursday, January 15th. I'm Katherine Sullivan for The Wall Street Journal. U.S. stocks finished higher today as the Dow led the gains, rising 0.6%.
The S&P 500 was up nearly 0.3%, and the Nasdaq gained a quarter point. A rally in semiconductor stocks and strong bank earnings helped boost investor sentiment. The White House also said it would exempt imported chips from new tariffs. Small-cap stocks continued their momentum, with the Russell 2000 closing at a record high.
Among individual companies, Taiwan Semiconductor Manufacturing shares rose 4 percent after the largest contract chipmaker posted record quarterly earnings. Goldman Sachs stock climbed nearly 5 percent after reporting record annual revenue and earnings per share that topped expectations.
Morgan Stanley shares gained 6 percent after reporting its investment banking division helped the bank to beat profit and revenue estimates. BlackRock stock rose 6 percent as the money manager posted better-than-expected earnings per share. And Boston Scientific shares dropped 4 percent after the medical devices company agreed to buy health tech company Penumbra for $15 billion.
Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have a lot more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.
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