Wall Street is pointing slightly lower in early trading but is on track to close the week with solid gains on healthy quarterly earnings reports from large U.S. corporations.

U.S. stock indexes are drifting on Wednesday, ahead of the Federal Reserve’s upcoming decision on interest rates and after two days of disruption driven by doubts about the artificial-intelligence boom.

The editorial board of The Wall Street Journal is coming out in opposition to Robert F. Kennedy Jr., President Trump’s pick to lead the Department of Health and Human Services (HHS). “Senate Republicans have an obligation to scrutinize his giant closet of business conflicts and dubious ideas,

Shares of analog chip manufacturer Texas Instruments (NASDAQ:TXN) fell 5.9% in the morning session after the company reported underwhelming fourth-quarter results, with earnings guidance for the next quarter falling short of Wall Street's expectations.

STORY: U.S. stocks closed lower on Friday as investors digested a mixed bag of economic data and earnings reports as well as the first week of President Donald Trump's second term.The Dow and S&P 500 both shed roughly three-tenths of a percent and the Nasdaq lost half a percent.

U.S. President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of not providing banking services to conservatives, echoing Republican complaints about the industry.

The Dow Jones Industrial Average fell 140.82 points, or 0.32%, to 44,424.25, the S&P 500 lost 17.47 points, or 0.29%, to 6,101.24 and the Nasdaq Composite lost 99.38 points, or 0.50%, to 19,954.30.

NEW YORK (AP) — U.S. stocks are drifting around a record on Friday as they head for the close of a second straight winning week.

At the World Economic Forum in Davos, tech executives stressed the importance of the U.S. and its allies advancing data centers and finding the right regulatory balance to stay competitive with China in AI development. Ruth Porat from Alphabet acknowledged the US’s lead in AI models but warned that it was not guaranteed to last, Bloomberg reported.

Wall Street ended up on relief Meta and Microsoft kept their AI spending plans even amid mixed earnings. Next up, Apple earnings.

Stocks are ticking higher on Wall Street following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.3% in early Thursday trading.