Daily Market Report – January 13, 2026

Market report January 13, 2026 (after US market opening)

According to the Consumer Price Index (CPI), headline inflation (overall CPI) rose by +0.3% month-over-month and +2.7% year-over-year. Core inflation (excluding energy & food) increased by +0.2% month-over-month and +2.6% year-over-year. The data gives the pressured head of the US Federal Reserve the opportunity to lower interest rates by at least 50 basis points over the course of the year. However, the Fed is likely to pause in January.

JPMorgan JPM opened the US banking season for Q4 2025 today. Net income fell by -7% year-over-year to around $13.0 billion, with EPS at $4.63 below analysts' expectations. The figures were impacted by a ~$2.2 billion charge/reserve related to the Apple Card portfolio. The stock is down nearly 3% at market opening as the investment banking results fell short of expectations.

Intel INTC is rising significantly today. KeyBanc upgraded the stock to "Overweight" and set a price target of $60. Reasons cited include very strong demand for server CPUs, rising average prices, and the prospect that Intel could narrow the gap with TSMC in the foundry business. AMD AMD is also making strong gains today. KeyBanc upgraded the stock to "Overweight" and raised the price target to $270. The analyst cites very strong hyperscaler demand: AMD is nearly sold out of server CPUs for 2026.