The broad market rose 0.5% on Monday, Jan. 19. The S&P 500 rose 1.2%, the Dow Jones Industrial Average rose 0.64% and the Nasdaq composite climbed 0.43%. 

On Tuesday, Jan. 20, the S&P 500 fell 2.1%, the Dow dipped 1.8% and the Nasdaq declined 2.4%. 

Meanwhile, the U.S. dollar fell sharply and Wall Street stocks dropped amid renewed concerns tied to President Donald Trump’s Greenland threats, triggering a broad risk-off move across equities.

On Wednesday, Jan. 21, the S&P 500 rose 1.2%, the Dow gained 1.2% and the Nasdaq advanced 1.2%.

U.K. inflation unexpectedly rose to 13.4%, driven by higher tobacco prices, reinforcing concerns that inflation pressures remain sticky. 

China warned that a U.S. trade deal could damage Taiwan’s economy for American benefit, adding to geopolitical tension. Meanwhile, Taiwan Semiconductor Manufacturing Co. was reported to be planning four to six additional fabrication plants, signaling long-term confidence in semiconductor demand.

On Thursday, Jan. 22, the S&P 500 rose 0.5%, the Dow added 0.6% and the Nasdaq climbed 0.9%.

Intel shares slid more than 12% after the company warned that supply constraints would limit near-term growth, raising concerns about execution risk and capacity limitations. 

Separately, sentiment improved after a TikTok deal allowing continued U.S. operations was approved by both the U.S. and Chinese governments, easing immediate regulatory uncertainty.

On Friday, Jan. 23, the S&P 500 edged up 0.1%, the Dow fell 0.6% and the Nasdaq was up 0.3%. 

Natural gas prices declined sharply over the week on ample supply, while gold surged to around $4,983.10, marking one of its strongest weeks in nearly 20 years. 

The U.S. dollar continued to weaken, with the dollar index falling to roughly 97.4, its worst level since May 2025, while Trump pushed for Greenland mineral development aimed at limiting China’s access to critical rare-earth resources.