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Jan 16, 2026 12:00 PM

Nasdaq Surges Over 100 Points; M&T Bank Posts Upbeat Earnings

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Friday.

Following the market opening Friday, the Dow traded up 0.13% to 49,508.69 while the NASDAQ surged 0.51% to 23,649.47. The S&P 500 also rose, gaining, 0.28% to 6,963.79.

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Leading and Lagging SectorsInformation technology shares gained by 0.9% on Friday.

In trading on Friday, utilities stocks dipped by 1.2%.

Top Headline

M&T Bank (NYSE:MTB) reported upbeat earnings for the fourth quarter on Friday.

The company posted quarterly earnings of $4.72 per share which beat the analyst consensus estimate of $4.47 per share. The company reported quarterly sales of $2.475 billion which beat the analyst consensus estimate of $2.474 ...