Dow Jones Rises 300 Points, Banks Shine; Tech Recovers, Oil Falls

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CNBC TV18•16-01-2026, 04:34
Dow Jones Rises 300 Points, Banks Shine; Tech Recovers, Oil Falls
- •Dow Jones gained nearly 300 points, recovering some losses from Wednesday's tech sell-off.
- •Morgan Stanley and Goldman Sachs exceeded quarterly expectations, boosting Dow Jones.
- •Taiwan Semiconductor Manufacturing Company reported strong profits and increased spending guidance.
- •Taiwan and the US reached a trade deal, reducing tariffs and boosting chip production in the US.
- •Oil prices fell after the US announced no immediate plans to attack Iran; Gold and Silver also saw profit booking.
Why It Matters: Wall Street indices closed higher, driven by strong bank earnings and tech recovery, despite oil price drops.
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