New York, Jan 28, 2026, 21:13 ET — Market closed.
- Goldman Sachs shares closed up 0.8% at $936.81 on Wednesday.
- The bank broadened its Management Committee, adding seven leaders from Asset & Wealth Management.
- Big Tech results after the bell and the Fed’s on-hold stance set the tone heading into Thursday’s session.
The Goldman Sachs Group Inc’s shares rose 0.8% to $936.81 on Wednesday, with the bank’s stock holding near the top of its day’s range even as the broader market struggled for direction. The shares traded between $923.20 and $937.40.
The move comes days after Goldman expanded its Management Committee — the firm’s top leadership group — with seven partners drawn from Asset & Wealth Management, the fee-driven business that manages money for clients. Chief executive David Solomon said the push to grow that franchise remains “a core strategic objective for the firm.” Goldman Sachs
It matters because Wall Street has been trying to handicap how fast Goldman can tilt its earnings mix toward steadier management fees, and away from businesses that can swing with dealmaking and markets. Business Insider, citing the firm, said the new appointments lift the committee count to 46, with the picks spanning private credit and wealth management roles.
Macro is still doing the heavy lifting for sentiment in U.S. financials. The Federal Reserve on Wednesday held its benchmark rate in the 3.50%-3.75% range, and Powell told reporters the economy “has once again surprised us with its strength,” while cautioning that inflation risks “still exist.” Reuters
In the equity market, the rate decision landed with a thud. “Whether you were bullish or bearish going into the press conference you walked away feeling about the same,” said Michael James, an equity sales trader at Rosenblatt Securities, after the Fed offered little clarity on when borrowing costs might fall again. Reuters
Stocks briefly flirted with another milestone earlier in the day, with the S&P 500 pushing past 7,000 before fading. “You could definitely have a continuation on the rally in equities if the earnings season shows that AI expenditure is bringing in revenues,” said Jeff Leschen, managing director at Bramshill Investments. Reuters
Goldman’s gain contrasted with a more mixed tape among big banks and brokers. JPMorgan Chase edged up 0.1%, while Morgan Stanley slipped 0.2% and Citigroup fell 0.6%.
But the backdrop can still turn fast. In a market-reaction note, MAI Capital’s Chris Grisanti called the Fed’s message “decidedly on the hawkish side” and said he didn’t see a rate cut “any time soon,” a setup that could test risk appetite if growth data cools or inflation stays sticky. Reuters
The next hard catalyst for Thursday is U.S. trade data. The Bureau of Economic Analysis is scheduled to publish international trade in goods and services for November 2025 at 8:30 a.m. ET.
Beyond that, traders will circle the February 6 employment report for January payrolls and wages — the next major read on whether the Fed can cut this year without losing the inflation fight.
