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US Economy News 9 January 2026 - 12 January 2026

Dow Jones ETF drops as Trump’s credit-card cap plan and Fed subpoena fight hit banks

Dow Jones ETF drops as Trump’s credit-card cap plan and Fed subpoena fight hit banks

The Dow-linked DIA fell about 0.5% Monday morning, pressured by declines in financial stocks after President Trump proposed capping credit-card rates at 10%. Tensions rose as the White House threatened Fed Chair Powell with indictment over Senate testimony, which Powell called a “pretext.” Traders are watching Tuesday’s U.S. CPI report and big-bank earnings for further direction.
12 January 2026
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Dow futures slip on Powell legal threat and Trump rate-cap talk — here’s what Wall Street watches next

Dow futures slip on Powell legal threat and Trump rate-cap talk — here’s what Wall Street watches next

Dow futures fell about 0.4% premarket after President Trump called for a 10% cap on credit card interest rates and the Justice Department served Fed Chair Jerome Powell with grand jury subpoenas. Bank and lender shares dropped. The dollar weakened and gold hit a record above $4,600 an ounce as traders moved to safe havens. Investors await Tuesday’s U.S. inflation data.
12 January 2026
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Builders FirstSource stock jumps 12% as Trump’s mortgage-bond push rewires the housing trade

Builders FirstSource stock jumps 12% as Trump’s mortgage-bond push rewires the housing trade

Builders FirstSource closed up 12% at $124.66 Friday after President Trump ordered $200 billion in mortgage-bond purchases to push down rates. The 30-year fixed mortgage rate fell below 6% for the first time in nearly three years, according to Redfin. Housing starts data were mixed, and investors are watching Tuesday’s U.S. CPI report for the next signal on rates.
12 January 2026
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Johnson & Johnson stock: TrumpRx drug discounts win tariff waiver as earnings loom

Johnson & Johnson stock: TrumpRx drug discounts win tariff waiver as earnings loom

Johnson & Johnson reached a deal with the Trump administration to cut U.S. drug prices and won exemptions from tariffs on its pharmaceuticals. The company will sell medicines at discounted rates through TrumpRx.gov and announced two new U.S. manufacturing sites. J&J stock closed down 0.7% at $204.39. Terms of the agreement remain confidential.
10 January 2026
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S&P 500 hits record, chip stocks jump — jobs report and Trump tariff case set up next market move

S&P 500 hits record, chip stocks jump — jobs report and Trump tariff case set up next market move

NEW YORK, Jan 9, 2026, 18:38 EST The S&P 500 closed at a record on Friday as Broadcom and other chip stocks kept Wall Street climbing after a softer-than-expected U.S. jobs report. The index rose 0.65% to 6,966.28, while the Nasdaq gained 0.82% to 23,671.35 and the Dow added 0.48% to 49,504.07; the PHLX semiconductor index, which tracks major chipmakers, jumped 2.7% to a record. “On the overall AI theme, investors are getting granular,” said Zachary Hill at Horizon Investments, as Lam Research surged after Mizuho lifted its price target and Vistra rallied on a power deal with Meta. (Reuters)
10 January 2026
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Sandisk stock rebounds on soft US jobs report; what’s driving SNDK now

Sandisk stock rebounds on soft US jobs report; what’s driving SNDK now

New York, Jan 9, 2026, 10:32 AM EST — Regular session underway Sandisk Corp (SNDK.O) jumped roughly 7% on Friday, with chip and storage names catching their breath following the previous session’s drop. The stock traded at $357.90 at 10:25 a.m. ET, up 7%, after bouncing from a low of $330.96 to a high of $365.50 earlier. The rebound stands out. Sandisk’s become a popular AI data-center play on the storage side, and the logic isn’t complicated—more AI servers mean thirstier demand for memory and storage, and supply can get snug in a hurry. Sandisk dropped 5.4% on Thursday, investors
9 January 2026
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Opendoor stock jumps in premarket as Trump orders $200 billion mortgage-bond buys

Opendoor stock jumps in premarket as Trump orders $200 billion mortgage-bond buys

NEW YORK, Jan 9, 2026, 07:57 (EST) — Premarket Main takeaways: Opendoor Technologies Inc shares rose 8.4% in premarket trading on Friday, building on a steep late-week surge in rate-sensitive housing names after President Donald Trump pointed to a $200 billion mortgage-bond purchase plan. (Barron’s) The timing is important because Opendoor’s core model — purchasing homes and then flipping them — depends a lot on mortgage rates and how often houses change hands. Even a small policy move that eases borrowing costs can swing mood fast in the market’s most interest-rate sensitive pockets. (Financial Times) Trump said he had instructed
9 January 2026
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IREN stock climbs in premarket as Bernstein backs the AI-cloud miner with U.S. jobs data due

IREN stock climbs in premarket as Bernstein backs the AI-cloud miner with U.S. jobs data due

New York, Jan 9, 2026, 07:44 ET — Premarket IREN Limited (IREN.O) climbed 4.7% in Friday premarket trading to $45.68, coming off a Thursday close of roughly $43.63. The AI cloud and bitcoin miner has become a quick-read gauge for hot money: half crypto stand-in, half wager on limited data-center electricity and chips. It matters right now because both sides lean on the same driver — risk appetite — and that can reverse in a hurry. Friday’s U.S. payrolls report at 8:30 a.m. ET will be the next near-term check on that appetite, since shifting rate expectations and the dollar
9 January 2026
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US economic calendar today: Stock futures steady ahead of nonfarm payrolls, tariff ruling

US economic calendar today: Stock futures steady ahead of nonfarm payrolls, tariff ruling

NEW YORK, Jan 9, 2026, 06:57 EST — Premarket U.S. stock index futures were muted on Friday, keeping Wall Street on track for weekly gains as investors waited for the December jobs report and a Supreme Court ruling on the legality of President Donald Trump’s tariffs. At 5:36 a.m. ET, S&P 500 futures were up 5.5 points (0.08%), Nasdaq 100 futures gained 40 points (0.16%) and Dow futures added 9 points (0.02%). Economists polled by Reuters forecast a 60,000 increase in nonfarm payrolls and a 4.5% unemployment rate, while traders price about 60 basis points (0.60 percentage point) of Federal
9 January 2026
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Dow futures stuck in neutral as jobs report and tariff ruling loom

Dow futures stuck in neutral as jobs report and tariff ruling loom

New York, Jan 9, 2026, 06:25 (EST) — Premarket Dow futures held near flat on Friday in premarket trade, with investors sitting tight before U.S. jobs data and a Supreme Court decision on tariffs that could jar markets out of an early-year calm. (reuters.com) The Labor Department’s nonfarm payrolls report — the monthly count of jobs added outside farming — is expected to show slower hiring in December, and investors have been using every labor-market print they can get to game out the Federal Reserve’s next move after rate cuts late last year. (reuters.com) Tariffs are the other live wire.
9 January 2026
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Stock Market Today

No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

No $2,000 IRS stimulus check is coming in February 2026 — but Trump’s tariff-check talk keeps the rumors alive

7 February 2026
The IRS has not announced new federal stimulus payments for February 2026, and Congress has not approved fresh checks. Trump told NBC he is considering $2,000 tariff rebate checks but has not committed, saying any payout would likely come later in 2026. The IRS warns taxpayers to ignore texts and emails about “stimulus payments” and verify notices through official channels.
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