Stock Market Live January 14, 2026: S&P 500 (SPY) Losing Ground on Earnings

""Help is on the way." That's what President Trump just told Iranian protesters. All after the Islamic Republic's security forces cracked down on a large-scale demonstration, with hundreds feared dead. With that, there's now growing speculation of a potential U.S. strike against Iran, which could ignite a firestorm in the region and send oil prices gushing higher. Not only is Iran a major crude oil producer, but it could choke off the Strait of Hormuz, where 13 million barrels of oil travel through every day."

"A disruption through the Strait of Hormuz could cause a global oil and gas crisis, especially when considering the 'desperate and ill-advised lengths the current Iranian regime may go to' should they find themselves increasingly backed into a corner with their power and lives at stake, said Saul Kavonic, head of energy research at MST Marquee, as quoted by CNBC."

"The S&P 500, for example, is 0.40%. The SPSR S&P 500 ETF ( SPY) is down 0.41%. The Dow is down 0.31%, while the tech-heavy Nasdaq has slipped by about 0.57%. All as investors digest bank earnings. Wells Fargo slipped after posting weaker than expected earnings for the fourth quarter. Its top line came in at $21.29 billion, which was below estimates of $21.65 billion."

U.S. equity futures declined following another record-setting day, with the S&P 500 down about 0.40%, the SPY ETF down 0.41%, the Dow down 0.31%, and the Nasdaq down roughly 0.57%. Investors digested bank earnings, including Wells Fargo's weaker-than-expected fourth-quarter revenue of $21.29 billion versus $21.65 billion estimates and Bank of America's beat of $0.98 per share on $28.53 billion in revenue. Iranian security forces cracked down on large protests with hundreds feared dead, and President Trump told protesters "Help is on the way." Speculation of a U.S. strike raised concerns about disruptions to the Strait of Hormuz and a potential surge in oil prices. Analysts warned such disruptions could trigger a global oil and gas crisis, and escalating tensions alongside Fed pressure, economic issues, and central bank buying pushed gold toward a possible test of $5,000 by February.

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