New York, January 19, 2026, 11:56 (EST) — The market has closed.
- U.S. equity markets remain closed today for Martin Luther King Jr. Day, shifting focus to the reopening on Tuesday.
- Procter & Gamble shares ended at $144.53, just before the company’s quarterly earnings report on Thursday.
- Investors are keeping an eye on a delayed update to the Fed’s preferred inflation gauge, due later Thursday.
Procter & Gamble shares will resume trading Tuesday, following Monday’s U.S. market closure for the Martin Luther King Jr. holiday. 1
On Friday, the stock ended slightly lower, dropping 0.1% to $144.53. The Consumer Staples Select Sector SPDR Fund dipped 0.3%, while the SPDR S&P 500 ETF Trust edged down 0.1%.
The pause is significant as investors face a tight window to prepare for P&G’s earnings. With the season broadening and defensive stocks regaining attention following a volatile start to the year, timing is crucial.
P&G will hold its fiscal Q2 earnings call on Jan. 22 at 8:30 a.m. ET, just before U.S. markets open. 2
Traders will also receive the personal consumption expenditures (PCE) price data later that morning, included in the Personal Income and Outlays report—a crucial inflation gauge the Federal Reserve tracks closely. The data is set for release at 10 a.m. ET, following a revised release schedule. 3
BNP Paribas Exane lowered its price target for P&G to $164 from $172 but maintained an “outperform” rating, a report out Sunday showed. Remember, a price target reflects where analysts think a stock might head—not a guarantee. 4
Thursday’s earnings will put the spotlight on whether P&G can maintain volume amid tougher pricing conditions, and if margins can withstand shifts in input costs and promotional expenses. Any changes to the full-year outlook will be especially significant given the holiday-shortened week.
The risk is clear. If consumers shift to cheaper options sooner than anticipated, or if currency fluctuations erode overseas earnings when converted to dollars, the stock could quickly seem overpriced for a slow-growth staple.
U.S. stock futures dipped Monday following President Donald Trump’s threat of new tariffs on several European nations. Stephen Innes at SPI Asset Management called the move less of a sudden jolt and more of “a slow rebalancing story” for capital flows. 5
On Tuesday, as U.S. trading kicks off, PG will head into Thursday’s report with a heavy slate that morning: the earnings release and call at 8:30 a.m. ET, followed by the PCE inflation figures at 10 a.m. ET.
