Stock markets closed higher or lower day after Powell disclosure?

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Despite initial panic, stock markets closed higher on Monday, January 12, 2026, the day after Powell's disclosure. The S&P 500 rose 0.16% to 6,977.27 and the Dow Jones increased 0.17% to 49,590.20, both hitting new all-time highs. Markets had been down sharply at session lows—the Dow fell nearly 500 points and the S&P 500 dropped 0.5%—before rallying. The recovery suggests investors viewed Republican pushback against the investigation as a check on executive overreach, or that markets believe Powell will remain independent. However, safe-haven assets like gold still surged, indicating lingering concerns about Fed independence and economic stability.

Stock markets closed higher or lower day after Powell disclosure?

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