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Weekend Update & Market Outlook 1/25/26

Weekend Update & Market Outlook 1/25/26

January 25, 2026

Market Action For Last Week

Week compared: Fri Jan 16 close → Fri Jan 23 close (both regular-session closes)

  • SPY: 691.66 → 689.23 = -2.43 (-0.35%)
  • QQQ: 621.26 → 622.72 = +1.46 (+0.24%)
  • IWM: 265.76 → 264.81 = -0.95 (-0.36%)

What that says in plain English: big-cap tech held up (QQQ slightly green), while broad market and small-caps softened (SPY/IWM slightly red).

Upcoming Major Economic Reports and Potential Market Moving Events

Monday

  • Durable Goods Orders (8:30am ET) (headline + core)

Tuesday

  • S&P/Case-Shiller Home Price Index (release date Tuesday)
  • FOMC meeting begins (Jan 27–28 meeting window)

Wednesday

  • Fed rate decision + FOMC statement (2:00pm ET)

Thursday

  • Initial Jobless Claims (8:30am ET)

Friday

  • No single “one-number” marquee release showed up in the sources above for Friday, but markets can still move on Fed speak, earnings reactions, and positioning into month-end.

Upcoming Major Stock Earnings Reports

(“Major” = high market-cap / high index influence names most likely to move the tape.)

Monday

  • Steel Dynamics (STLD) (day noted on Investing.com earnings page; time not specified in source)

Tuesday

  • UnitedHealth (UNH) — Premarket
  • Boeing (BA) — (date confirmed; time not specified in source)
  • RTX — Premarket (company announcement: “prior to stock market opening”)

Wednesday

  • (Big tech / mega-cap cluster midweek is common, but I’m not going to “guess” names/times without a clean calendar line-item source.)

Thursday

  • Apple (AAPL) — Postmarket (after close) (widely previewed as a Thursday earnings focal point; report date confirmed across sources)

Friday

  • (Many weeks feature big financial/energy names Friday AM; I’m not listing tickers here without a direct calendar line in the sources I pulled.)

30-Day Bias (Bullish / Bearish / Neutral)

Neutral (slight bullish tilt) for the next 30 days.

Why:

  1. Tech leadership is still intact (QQQ held up even during a down-ish week for SPY/IWM), which usually supports the index-level bid.
  2. The Fed week is the volatility trigger. A “no-surprises” decision/statement can keep risk assets supported, but any hawkish pivot can hit multiples fast.
  3. Earnings concentration is heavy (UNH/RTX/BA and especially AAPL). If AAPL disappoints, it can drag index tone even if internals look okay.

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