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Federal Reserve 24 January 2026

Communication services stocks head into Fed week with Meta under UK probe — what moved XLC

Communication services stocks head into Fed week with Meta under UK probe — what moved XLC

The Communication Services Select Sector SPDR Fund closed Friday at $116.96, gaining roughly 0.6% after a choppy week that kept investors on edge over media, telecom, and internet stocks. With U.S. markets closed for the weekend, focus now turns to the upcoming Federal Reserve meeting and fresh regulatory developments weighing on sector leader Meta Platforms.
Intel’s 17% slide puts tech stocks on notice ahead of Fed, Microsoft and Apple earnings

Intel’s 17% slide puts tech stocks on notice ahead of Fed, Microsoft and Apple earnings

Tech stocks kicked off the week on mixed footing. The Nasdaq rose 0.28% to 23,501.24 on Friday, buoyed by gains in Microsoft, Meta, and Amazon, which all climbed between 1.7% and 3.3%. Nvidia added 1.5%. But Intel took a heavy hit, plunging 17% after forecasting quarterly revenue and profit below Wall Street’s expectations. The S&P 500 barely moved, while the Dow dropped 0.58%. Janus Henderson’s Julian McManus described the mood as a “show-me” phase, with investors demanding companies “put up the revenue growth.”
Silver price breaks $100 as safe-haven rush meets Fed week

Silver price breaks $100 as safe-haven rush meets Fed week

Silver prices climbed above $100 an ounce on Friday for the first time ever, ending a tough week for risk assets as investors flocked to safe havens amid renewed speculation of U.S. rate cuts. Spot silver jumped about 5%, hitting $100.94 a troy ounce by 1848 GMT. Gold also soared, hitting a record $4,988.17, while platinum set another fresh high. “Silver should continue to benefit from many of the same forces supporting gold investment demand,” said Philip Newman, director at Metals Focus.
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