US Stock Market Declines for Second Consecutive Day Amid Geopolitical Tensions; Technology and Banking Sectors Hit Hard; Nasdaq Closes Down 1%

Written by Emily J. Thompson, Senior Investment Analyst

Source: aastocks

Updated: Jan 14 2026

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Source: aastocks

Market Performance: The US stock market declined for the second consecutive day, with the Nasdaq falling 1%, the S&P 500 down 0.5%, and the DJIA decreasing by 0.1% as investors reacted to corporate earnings and economic data.
Tech Sector Struggles: The technology sector faced significant losses, particularly in chip stocks, with Broadcom dropping 4.2% and Nvidia falling 1.4% after facing customs issues in China.
Banking Sector Update: Wells Fargo reported a revenue miss for the fourth quarter, leading to a 4.6% decline in its stock, while Bank of America and Citigroup, despite beating earnings expectations, saw their stock prices drop over 3%.
Economic Indicators: The Core PPI for November in the US remained unchanged at 0.0%, falling short of the forecasted 0.2%, indicating potential economic stagnation.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.