US indices end in red, Nasdaq loses 240 points

US stocks retreated at the close of Jan. 14, weighed down by pressure on technology stocks amid reports that China has banned the import of Nvidia’s H200 chips, in addition to weak performance by a number of major banks as the earnings season kicked off.

The Dow Jones Industrial Average inched down nearly 0.10%, or 42 points, to 49,149 points.

The broader S&P 500 index fell for the second consecutive session by 0.53%, or 37 points, to 6,926 points, while the Nasdaq Composite retreated 1%, or 238 points, to 23,471 points.

In Europe, the Stoxx Europe 600 edged up 0.20% to an all-time high at 611.56 points.

London’s FTSE 100 added 0.45% to 10,184, and Germany’s DAX lost 0.53% to 25,286 points, while France’s CAC 40 dropped 0.20% to 8,330 points.

In Japan, the Nikkei 225 index rose by 1.50%, surpassing the 54,000-point mark for the first time and posting a record close at 54,341 points, while the broader Topix index jumped 1.25% to end at a record level of 3,644 points.

In oil markets, Brent crude futures for March delivery added 1.60%, or $1.05, to $66.52 a barrel.

US WTI crude futures for February delivery increased 1.42%, or $0.87, to $62.02 a barrel.

Gold futures for February delivery jumped 0.80%, or $36.6, to settle at $4,635.70 per ounce, with the most active contracts posting their second record close in 2026.

Official data released today showed that the US producer price inflation rate rose to 3% in November from 2.8% in October, compared to expectations of a slowdown to 2.7%.