Morgans AM - Thursday, 15 January 2026

US equity markets retreated as investors digested the latest batch of bank earnings and wholesale inflation and retail sales data - Dow slipped -43-points or -0.09%, with Amazon.com Inc (down -2.45%) and Microsoft Corp (-2.4%) both falling ~2.5%. The six largest decliners in the 30-stock index were technology-related stocks. Nvidia Corp fell -1.39% after the Trump administration approved the exporting of its H200 AI chips to China but said the world's most valuable public company must meet new security requirements first. .JPMorgan Chase & Co fell -0.94% a day after America’s largest investment bank released its fourth quarter result.