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Source document· January 28, 2026

Stock market today: S&P 500 slips from record as Fed stands pat, Nasdaq rises before Big Tech earnings flurry

View original at finance.yahoo.com
Stock market today: S&P 500 slips from record as Fed stands pat, Nasdaq rises before Big Tech earnings flurry US stocks were little changed on Wednesday after the Federal Reserve held interest rates unchanged in its first policy decision of the year…
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  • If Fed loses independence, it would be hard to restore credibility

    80% confidence
  • US always has a strong dollar policy

    80% confidence
  • Agentic AI means the stage is set for sustained increase in data generated and stored for inferencing

    80% confidence
  • US is not losing credibility about inflation expectations despite gold rally

    80% confidence
  • Trump not concerned about recent slide in US dollar

    80% confidence
  • Amazon layoffs are not the beginning of recurring reductions every few months

    80% confidence
  • US is absolutely not intervening to support the yen

    80% confidence
  • Amazon should operate like the world's largest startup

    80% confidence
  • ASML customers have started to really believe in sustainability of AI demand

    80% confidence
  • Amazon cuts are intended to reduce layers, increase ownership, and reduce bureaucracy

    80% confidence
  • Fed credibility on inflation expectations is right where it needs to be despite gold rally

    80% confidence
  • Nothing to share on DOJ probe today

    80% confidence
  • The Lisa Cook case is 'perhaps the most important legal case in the Fed's 113-year history'

    80% confidence
  • Fed has not lost independence and will not lose it

    80% confidence
  • Trump could announce Powell's successor any day now

    80% confidence
  • Powell attending Supreme Court hearing was a mistake because it politicizes Fed

    80% confidence
  • Amazon has not created distinctive customer experience with right economic model for physical grocery stores

    80% confidence
  • Every advanced economy and democracy has independent central banking

    80% confidence
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What we're seeing
Q4 2026 Biotech Catalyst Window: ESMO Data, the Ivonescimab PDUFA and Small-Cap Delistings
Mid-October to November 2026 is a dense catalyst period for clinical-stage biotech. Positive late-stage readouts (ALOFT-IPF, TELIGAN, MIUDELLA, the duvakitug extension) and the ESMO 2026 presentations lead up to the FDA's 14 November PDUFA date for the ivonescimab BLA. At the opposite end of the market, Spago Nanomedical is moving to delist from Nasdaq First North, which shows how hard it is for micro-cap developers to fund themselves. Value is concentrating in companies with late-stage data and near-term regulatory outcomes.
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EPKINLY Regulatory-Clinical Success Cascade
High probability of expanded label indications, additional combination approvals, and competitive positioning strength in follicular lymphoma market. Predicts positive commercial uptake and potential accelerated review for related indications.
Patterns we're watching ›
Where sources disagree
Ford Motor Company
Both facts give cash for Ford Motor Company at the same point in time (2025-12-31; FY 2025 year-end and Q4 2025 year-end are the same date). Both are labelled USD, but the values are 23,356,000,000 and 23.356, which cannot both be true in USD. The two numbers agree once the second is read as billions (23.356 bn = 23,356,000,000), so the economic content is consistent and the conflict is a unit/scale error in the Q4 2025 record. The period is not the reason for the conflict: a Q4 and an FY figure at the same year-end date should match.
We flag conflicts openly ›
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