Dow Jones Rises 300 Points, Banks Shine; Tech Recovers, Oil Falls
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CNBC TV1816-01-2026, 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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