economy

January 13, 2026

This industrial stock is starting to look overbought as it hits new 52-week high

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This industrial stock is starting to look overbought as it hits new 52-week high

TL;DR

  • S&P 500 and Dow declined from record closing highs, influenced by JPMorgan earnings and inflation data.
  • President Trump announced a 25% tariff on countries doing business with Iran, impacting China.
  • Microsoft introduced a five-point plan for its AI data centers focusing on community benefits and environmental impact.
  • Microsoft shares are down over 1%, with weakness noted across the 'Mag Seven' stocks.
  • Boeing shares hit a 52-week high, outselling Airbus and receiving orders for 787 Dreamliners and 737 MAX aircraft.
  • A Citi analyst raised Boeing's price target.

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