Dow Snaps Win Streak as U.S.-Iran Tensions Rise

By Laura McCandless | January 13, 2026, 4:33 PM

The Dow pulled back sharply from Monday’s record close, snapping its three-day win streak with an 398-point loss. Both the Nasdaq and S&P 500 settled lower as well, as traders unpacked this morning's inflation data. President Donald Trump also issued a series of updates, including tariff threats and the cancellation of all meetings with Iran, while telling Iranian protestors that “help is on the way.” Meanwhile, JPMorgan Chase (JPM) kicked off earnings season with a 4.2% drop. 

Continue reading for more on today's market, including:

  • Can Morgan Stanley stock rally after earnings?
  • Surefire bullish signal flashing for Samsara stock.
  • Plus, DAL beats profit estimates; SMCI receives "sell" rating; and biotech stock under pressure.

Closing Indexes Summary Jan 13

NYSE and Nasdaq Stats Jan 13

5 Things to Know Today

  1. New home sales remain steady, holding near fastest pace since 2023. (Bloomberg)
  2. President Trumps threatened to impose a 25% tariff on any country that works with Iran. (Reuters)
  3. Behind Delta Air Lines stock's post-earnings tumble.
  4. Goldman Sachs leans bearish toward this tech stock.
  5. Biotech stock gaps lower amid regulatory questions.
Corporate Earnings Jan 13
 
Unusual Options Activity Jan 13

Gold Hits Record Before Moving Lower

Oil prices moved higher after President Trump cut off talks with Iran and pledged support to protesters. February-dated West Texas Intermediate (WTI) crude added 2.8% to settle at $61.15 per barrel.

Gold prices hit record highs as inflation data reinforced interest interest rate cut hopes, while ongoing geopolitical uncertainty fueled safe-haven demand. Still, February-dated gold futures dipped 0.3% to close at $4,599.10.

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