NEW YORK, Jan 3, 2026, 16:30 ET — Market closed
- S&P Global shares fell about 1.9% on Friday, extending a three-session slide.
- The stock’s decline came as the Dow and S&P 500 ended higher in the first session of 2026.
- Next week’s U.S. jobs and activity data, plus the Fed’s rate outlook, are key near-term focuses.
S&P Global Inc. shares fell about $10, or 1.9%, to $512.66 on Friday. The stock traded between $511.36 and $524.34 and saw volume of about 1.6 million shares.
The pullback matters now because S&P Global sits close to the plumbing of markets. Investors often treat the stock as a read-through on credit-market activity and corporate spending on data and analytics, both of which can turn quickly when rate expectations shift.
The decline also landed as Wall Street tried to shake off a late-2025 slide and reset positions for the new year. The Dow and S&P 500 ended higher on Friday, while the Nasdaq slipped, and one strategist pointed to growing sensitivity around lofty valuations. 1
“Investors might be a little bit more conscious” about valuations, Joe Mazzola, head of trading & derivatives strategist at Charles Schwab, told Reuters. 1
S&P Global’s drop was not isolated among information and risk-data names. Moody’s fell 2.3%, MSCI lost 1.5% and Equifax slipped 1.4% on the day, while SPGI remained about 11% below its 52-week high, MarketWatch data showed. 2
On the company front, S&P Global disclosed that Hubert Joly joined its board effective Jan. 2 and was appointed to the audit and compensation committees. The move expanded the board to 11 directors, the filing showed. 3
Rates remained a key cross-current. Treasury yields rose on Friday as investors looked ahead to a batch of U.S. indicators returning after a government shutdown delayed releases, Reuters reported. 4
Federal Reserve messaging stayed in focus into the weekend. Philadelphia Fed President Anna Paulson said another rate cut could take a while as policymakers assess inflation and the labor market, with the policy rate at 3.5% to 3.75%, Reuters reported on Saturday. 5
Those swings matter for S&P Global because its Ratings business earns fees tied to debt issuance, while its other units sell data, benchmarks and analytics that tend to benefit from steady market participation. In October, the company raised its annual earnings forecasts on robust bond issuance activity, Reuters reported. 6
Next week brings a tight U.S. calendar: ISM manufacturing on Monday, ISM services and private payroll data midweek, and the December nonfarm payrolls report on Friday, Jan. 9, according to Kiplinger. 7
Investors also have the Fed’s first policy meeting of 2026 on the horizon, scheduled for Jan. 27–28, according to the central bank’s calendar. 8
Before markets reopen Monday, SPGI traders will be watching whether Friday’s move holds above the $500 level, a round-number zone that often draws short-term attention. Any renewed volatility in credit spreads — the extra yield investors demand over U.S. Treasuries — can also feed into sentiment for ratings-related stocks.
The next major company catalyst is fourth-quarter results and the 2026 outlook. At its November investor day, S&P Global said it did not expect to provide financial guidance for 2026 until its fourth-quarter earnings in February. 9
S&P Global has not announced the reporting date, but Zacks expects the next earnings release on Feb. 10. Investors will be watching ratings volumes, subscription growth and any update on costs as management frames demand in a still rate-sensitive market. 10
