Your Evening Briefing

January 13, 2026

Stocks dragged down by financials and hyperscalers

The S&P 500, Nasdaq 100, and Russell 2000 all fell. Though core CPI inflation was softer than analysts forecasted, traders still anticipate that a January rate cut is unlikely. (Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Despite better-than-expected earnings from JPMorgan Chase, the financial sector was hardest hit as worries over a 10% interest rate cap on credit cards continued to plague bank stocks.

Hyperscalers struggled as President Donald Trump wrote in a Truth Social post yesterday evening that the AI data center boom that’s driving massive growth for hyperscalers’ cloud businesses must “never” cause Americans to pay higher electricity prices. In response, Microsoft unveiled a “community-first AI infrastructure plan,” though the stock still fell. Meta, which is poised to suffer the most from shouldering higher data center costs, fell as well.

Stocks that moved higher:

Moderna soared after saying yesterday that its COVID-19 business did better than expected last year and it cut even more costs.
Alphabet notched a new record high following wins for Gemini.
Roblox surged as its new brainrot game climbed the engagement charts.
Boeing rose as it announced 600 commercial jet deliveries in 2025, up 72%.
Intel jumped to a new 52-week high as the stock was upgraded to overweight from sector weight by KeyBanc.
KeyBanc also upgraded Advanced Micro Devices to overweight from sector weight.

Stocks that moved lower:

Salesforce had its worst trading day in nearly two years, as Anthropic debuted its Cowork tool, an autonomous digital assistant for completing office tasks.
Delta Air Lines dropped on its underwhelming 2026 guidance. Peers American Airlines, Alaska Airlines, United Airlines, and Southwest Airlines also traded lower on Delta’s disappointing guidance.
Goldman Sachs initiated coverage on Super Micro Computer with a “sell” rating and a $26 price target.
Micron ticked lower as the Taiwanese tech site DigiTimes reported that the chipmaker is warning customers that the supply shortage for memory chips could last until 2028.
Synopsys fell after Piper Sandler downgraded the stock to neutral from overweight, citing “enormous reallocation” to AI in semi industry.

Delta, the K-shaped airline

Delta’s premium ticket sales grew more than 7% in 2025. Its main cabin ticket sales fell 5%. Read more.

Here’s a rundown of the AI-powered humanoid robots that tech companies want to be your new roommates

Humanoid robotics are advancing rapidly, but the AI needed to make them truly useful is still in the works. That hasn’t stopped a flurry of ambitious startups from marketing their bots.

Read more.

Netflix is said to be considering making its $83 billion offer for the studio and streaming assets of Warner Bros. Discovery in all cash, according to Bloomberg. Read more.

RIP the Metaverse
Meta seems to be winding down its Metaverse ambitions. We took a look back at what the company was going for.
Bitcoin is “transitioning out of its most stressed phase”
Many are hoping that the bill working its way through the Senate will mark “the beginning of the end of crypto’s regulatory limbo.”
Companies are still facing ransom demands from Oracle’s business software data breach, the WSJ reports
Rather than targeting individual firms or organizations, hackers found success with Oracle’s enterprise-level software.
New NYC token, backed by former mayor Eric Adams, plummets as “rugpull” allegations swirl
On-chain sleuths flagged suspicious activity regarding the liquidity of the nascent cryptocurrency.
Diageo is considering selling parts of its struggling China business
The Guinness and Johnnie Walker giant has its work cut out in the nation, where drinking has sunk since 2015.

Was this email forwarded to you? Don’t miss out on future stories — subscribe to The Wrap and get your daily dose of financial news straight to your inbox.

Craving more insights in your inbox? Subscribe to Chartr and Snacks for quality reads.

We care what you think! If you have any feedback or comments, feel free to reply and let us know your thoughts!

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more

SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025