Beginners

Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Stock Market Today, Jan. 7: Banks Slide as Stock Rally Slows

Source Motley_fool

The S&P 500 (SNPINDEX:^GSPC) fell 0.34% to 6,920.93 after briefly touching fresh record territory today. The Nasdaq Composite (NASDAQINDEX:^IXIC) rose 0.16% to 23,584.28 on further AI‑driven tech strength, and the Dow Jones Industrial Average (DJINDEX: ^DJI) dropped 0.94% to 48,996.08 as bank stocks slipped.

Market movers

A sharp sell‑off in major bank stocks, including Dow components, dragged on financials today. JPMorgan Chase (NYSE:JPM) and Bank of America (NYSE:BAC) both dropped slightly as markets responded to mixed economic news. Architectural products and services company, Apogee Enterprises (NASDAQ:APOG) sank on a revenue miss and weak outlook.

What this means for investors

Bank and energy stocks slipped today as the S&P 500 pulled back from yesterday's high. The ADP's December employment update came in slightly below expectations, and investors will be watching for further jobs data in the coming days.

Nvidia (NASDAQ:NVDA) rose slightly, even as some investors told Bloomberg that AI fatigue could set in and slow the tech-driven momentum. Meanwhile, crude oil prices fell as markets digested U.S. Energy Secretary Chris Wright's announcement that the country would control future sales of Venezuelan oil.

Social media messages from President Trump impacted defense and homebuilding stocks. Shares in Blackstone (NYSE:BX) fell after a post that said institutional investors would be banned from buying single-family homes.

Where to invest $1,000 right now

When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor’s total average return is 971%* — a market-crushing outperformance compared to 196% for the S&P 500.

They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor.

See the stocks »

*Stock Advisor returns as of January 7, 2026.

JPMorgan Chase is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. Emma Newbery has positions in Nvidia. The Motley Fool has positions in and recommends Blackstone, JPMorgan Chase, and Nvidia. The Motley Fool has a disclosure policy.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

US Dollar's Decline Predicted in 2026: Morgan Stanley's Outlook on Currency Volatility Morgan Stanley forecasts a 5% drop in the dollar by mid-2026, attributed to continued Fed rate cuts. A recovery may follow as growth improves and funding currency dynamics shift favorably toward the euro and Swiss franc.

Author Mitrade

Nov 25, 2025

Morgan Stanley forecasts a 5% drop in the dollar by mid-2026, attributed to continued Fed rate cuts. A recovery may follow as growth improves and funding currency dynamics shift favorably toward the euro and Swiss franc.

Asian Markets Open 2026 with Record-Breaking Rally on Regional Strength, AI Optimism Asian equities have kicked off 2026 with their strongest start on record, outpacing the United States as investors shift capital toward the region’s tech sector, currencies, and corporate bonds amid attractive valuations and AI-driven growth prospects.

Author Mitrade

Jan 06, Tue

Asian equities have kicked off 2026 with their strongest start on record, outpacing the United States as investors shift capital toward the region’s tech sector, currencies, and corporate bonds amid attractive valuations and AI-driven growth prospects.

Bitcoin Retreats to $92K After Sharp Sell-Off Triggers Over $440M in Liquidations Bitcoin’s strong start to 2026 was interrupted on Tuesday as a wave of selling erased much of its recent gains, triggering more than $440 million in leveraged position liquidations. Analysts view the pullback as a short-term hurdle in a broader recovery trend rather than a reversal.

Author Mitrade

Jan 07, Wed

Bitcoin’s strong start to 2026 was interrupted on Tuesday as a wave of selling erased much of its recent gains, triggering more than $440 million in leveraged position liquidations. Analysts view the pullback as a short-term hurdle in a broader recovery trend rather than a reversal.

Oil Prices Rebound Amid U.S. Inventories Drop and Venezuela Supply Dynamics Oil prices saw a slight uptick as U.S. crude inventories fell 3.8 million barrels. Ongoing negotiations for Venezuelan oil sales further complicate market dynamics while analysts predict future oversupply concerns.

Author Mitrade

23 hours ago

Oil prices saw a slight uptick as U.S. crude inventories fell 3.8 million barrels. Ongoing negotiations for Venezuelan oil sales further complicate market dynamics while analysts predict future oversupply concerns.

XRP Drops 5% After Being Hailed as 2026’s “Hottest Trade”XRP fell back to $2.18 after failing to hold above $2.28, cooling off an early-2026 rally that had been strong enough to earn the token the label of “new cryptocurrency darling” in a recent CNBC segment. The pullback underscores that even strong bullish narratives must contend with significant overhead supply at key technical resistance levels.

Author Mitrade

17 hours ago

XRP fell back to $2.18 after failing to hold above $2.28, cooling off an early-2026 rally that had been strong enough to earn the token the label of “new cryptocurrency darling” in a recent CNBC segment. The pullback underscores that even strong bullish narratives must contend with significant overhead supply at key technical resistance levels.

Popular Symbols