CNBC Business News Update - Market Midday: Stocks Mixed, S&P 500 Index Hits All Time High, Gold And Silver Pull Back 1/27/26

Episode Date: January 27, 2026

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Eddinger. CNBC, a mixed day on Wall Street. The Dow is down 489 points. United Health shares leading it lower. They're down almost 20%. The S&P 500 index up 30 points. The NASDAX up 223 points, just about 1%. Shares of Invidia up 1.5% this afternoon. Companies who shares have hit fresh all-time highs today include General Motors, Drugmaker Amgen, Johnson & Johnson, applied. materials and Corning. Gold and silver each pulling back today. Consumer confidence tanked again in January, according to the conference board, to the lowest in 12 years. Headline expected to be over 90. Comes in at 84.5. That would be the weakest going all the way back to 2014. CNBC's Rick Santelli. UPS is cutting another 30,000 jobs as it unwinds from Amazon. Last year was, you know, a year where everything that could go wrong did go wrong.

So you lost 50% of your Amazon revenues. You lost the post office contract to move last miles for their Shorepost business. They lost a minimis volume. Remember, they had an accident with their MD 11 and they had to park their entire MD 11 fleet. You've reset the bar. You're continuing to cut costs. Bank of America's Ken Hexter on CNBC. Struggling, Pinterest says it's cutting 15% of its workforce.

And this comes after Nike said it's cutting nearly 8%. 800 jobs. United Health shares are plunging, so are Humana's and CVS Health, after the White House announced payments for Medicare Advantage plans, will barely go up next year. This is the start of a negotiation. Cisco, the food service company that supplies restaurants in 10 countries, is out with solid quarterly results. It saw food inflation at 1.4% for its business. But when you go to a restaurant, there's one thing that's going to cost you a lot more because it costs Cisco a lot more. Beef is still very inflationary, high

single digits. There just simply are not enough cattle head being ranched in the core U.S. domestic market and demand for beef continues to grow. So beef costs up year every year. Cisco CEO Kevin Hurricane on CNBC. A landmark social media

trials started with jury selection. TikTok settled with the plaintiff Monday, but it's a closely watched lawsuit against Facebook and Instagram parent meta and Google's YouTube. This is the first in a wave of trials on the addictive negative impact of social media on kids and teens, drawing comparisons to the crackdown on big tobacco that came in the 1990s. Now, the plaintiffs in this first trial are 19-year-old woman and her mother. They

claim that social media companies knowingly designed addictive features, including autoplay and infinite scroll. Both Google and meta denying the claims. Now, this case is so important because after years of Section 230 shielding these companies from legal liability for the content shared on their platform, this and the following cases focus on the issue with the company's algorithms, which could totally change the way these platforms are held to account. That's CNBC's Julia Borsden. Boeing's quarterly sales jumped 57%. The company plans to build more planes this year.

Southwest Airlines with assigned seating today as open seating is now over. On Wednesday's watch list, we get the Fed decision on interest rates. Earnings are coming from Microsoft, Tesla, IBM, Facebook Parent Meta, Starbucks, General Dynamics, AT&T, Southwest Airlines, and Whirlpool. Jessica Ettinger, 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 Jim.