2026-01-17
4 分钟Hey listeners, it's Saturday, January 17th.
I'm Jack Pitcher for The Wall Street Journal, and this is What's News in Markets,
our look at the biggest stock moves of the week and the news that drove them.
Let's get to it.
Calm in the face of chaos.
That was the theme for Markets this week.
On Sunday night, news broke that Federal Reserve Chair Jerome Powell is being investigated by U.S.
prosecutors.
over his testimony about the central bank's building renovation project.
In a video statement, Powell, who is usually quite restrained,
called the investigation a pretext as part of President Trump's campaign to pressure the Fed to lower interest rates and in the independence of the central bank.
Investors concerned that a lack of Fed independence could lead to runaway inflation have been closely watching the Powell situation.
Meanwhile, banks kicked off earning season with a mixed bag of results.
JP Morgan disappointed investors with lower than expected investment banking revenue,
but Goldman Sachs and Morgan Stanley posted strong quarters.
At the index level, stocks inched lower for the week.
The S&P 500 ended down 0.4%, just shy of a record high.
The Dow fell 0.3%, while the Nasdaq composite was 0.7% lower.
Novo Nordisk's shares jumped in the US on Friday.
after a string of positive news about its flagship weight loss drug, Wagovi.