Stress Test for Tech ๐ The Daily Chart Report
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Todayโs Summary
Thursday, January 29, 2026
Indices: Dow +0.11% | Russell 2000 +0.05% | S&P 500 -0.13% | Nasdaq -0.53%
Sectors: 6 of the 11 sectors closed higher. Communications led, gaining +2.60%. Tech lagged, dropping -1.58%.
Commodities: Crude Oil rose +3.50% to $65.42 per barrel. Gold rose +0.97% to $5,354 per oz.
Currencies: The US Dollar Index inched lower by -0.15% to $96.19.
Crypto: Bitcoin is currently down -5.32% at $84,414. Ethereum is down -6.37% at $2,814.
Volatility: The Volatility Index rose +3.24% at 16.87.
Interest Rates: The US 10-year Treasury yield fell to 4.233%.
Here are the best charts, articles, and ideas shared on the web today!
Chart of the Day
๐ Todayโs Chart of the Day was shared by Eric Conrads (@Conradseric).
- Microsoft ($MSFT) finished the session down roughly -10%, its worst single-day decline since March 16, 2020.
- The selloff came despite Microsoft beating Wall Street earnings estimates, underscoring continued pressure across the broader software space.
- With Microsoft now -20% off its highs, sustained weakness here would be a meaningful headwind for index-level momentum.
The Takeaway: Microsoft suffered its worst day since 2020, reflecting persistent weakness in software relative to the broader market.
Quote of the Day
โAn investment in knowledge
pays the best interest."
- Benjamin Franklin
Top Links
The Dollar Is Breaking Down - The Daily Number
Grant Hawkridge highlights the U.S. Dollarโs slide to four-year lows.
DJIA On Course for Historic 9-Month Winning Streak - Almanac Trader
Jeff Hirsch reviews how the Dow has historically performed after nine-month winning streaks.
Not Financial Advice - A Big Day - The Rotation Report
Aaron Jackson shares his perspective on the biggest developments of the day.
Simeon Hyman (ProShares): The Fedโs โLast Mile,โ the Dollar, and Diversification - Market Misbehavior
David Keller and Prosharesโ Simeon Hyman discuss the path for interest rates and diversification strategies.