CNBC Business News Update - Market Close: Stocks Mixed, Microsoft Falls 10% For Worst Day In Nearly 6 Years, Apple Out With Strong Results 1/29/26

Episode Date: January 29, 2026

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I'm Jessica Etinger. CNBC, Wall Street opens Friday morning after software stocks tanked. But the Dow pulled out a win on Thursday. Markets were mixed. The Dow ended up 55 points. IBM shares helped that Dow pull out of the red. The S&P 500 index was down 9. The NASDAQ, down 172 points. And that was a recovery for the NASDAQ. shares of invidia finish the day in the green up a half a percent now software shares tanked service now shares down 10 percent

Microsoft shares down 10 percent the worst day for Microsoft in almost six years companies who shares hit new record highs on thursday include google parent alphabet exon which reports quarterly results Friday cardinal health johnson and johnson caterpillar tractor maker deer l3 harris northrop grum and Grumman and Lockheed Martin, plus Micron and Texas instruments. Apple out with strong quarterly results on Thursday after the closing bell and chairs were higher in after-hours trading. In the end, they are the gateway for every one of these AI apps and products and services. They're getting paid on anyone that wants to work with consumers via the iOS ecosystem. That's Rittholtz-Welts-Welts-Josh Brown on CNBC. metals with a lot of volatility Thursday, gold, silver, copper all hitting record highs, gold pulling back from a record, then popping higher.

Gold is at a new high and silver crossed above that 120 level before pulling back a little. But today's big talker is really copper because earlier in the day, LME prices were up almost 12 percent, which would have triggered a limit up. That is something that has never happened before. And the magnitude of this move has been really astounding. CNBC's PIPA Stevens. U.S. crude oil was up at its highest since last September. Oil has been rising since President Trump said he's sending an armada to Iran.

CNBC's Brian Sullivan. We interviewed former Biden advisor Amos Hochstein, and I asked him a very direct question. Does he think the United States will strike Iran sometime soon? I think it is more likely than not. They're saying we will shoot missiles at anything that moves in the region if we're attacked. When you start talking that kind of rhetoric, that starts, getting, you know, very dangerous for energy flows from that region in a way that we haven't seen in many decades.

Now, Hoxton is incredibly well connected. He was basically the energy czar of the previous administration. And Hoxstein did add that if Iran can make some kind of last minute deal around its nuclear program, there is a chance. No strike on Iran will happen. AAA says prices at the pump meantime are holding the national average for a gallon of regular up only two cents a gallon from last week at $2.80. cents. Tesla giving up on two of its electric vehicle models with CEO Elon Musk, now turning toward

building robots. CNBC's Carl Kintania with Hague partners John Murphy on CNBC. This pivot away from autos and a great recognition that the Chinese EV manufacturers are the name of the game in mass market globally, and he's not going to be able to compete against them in that side, that he has to really lean in to technology and invest heavily in that direction. And I really applaud them for canceling the S and X and X and really taking some really hard steps and moving in this direction quickly. Those are tough decisions. Is the horse race a little easier on robotics than it is in cars? Well, no, I think it's going to be very difficult. On Friday's watch list, we get earnings from Exxon and Chevron plus Verizon, Colgate Palmolive and American Express. I'm Jessica Eddinger,

CNBC. I always wanted to teach money management, and that's why we created this club. This is really a great way to learn. Go to CNBC.com slash join gym.