5 Things To Know: January 28, 2026 - Fed Rates, Health Insurers, AI, and Chip Stocks

Key Economic and Market Events

• 🗓️ Investors are awaiting the Federal Reserve's latest interest rate decision at 2 PM Eastern time, with expectations of no change.
• 🔍 Close attention will be paid to Fed Chair J Pal's news conference for insights into future rate paths.

Health Insurer Performance

• 📉 Elevance Health (formerly Anthem) reported fourth-quarter earnings that beat expectations, but revenue was slightly light.
• ⚠️ Elevance shares fell 14% yesterday following a Trump administration proposal for nearly flat rates for Medicare Advantage insurers.
• 📉 This morning, Elevance Health shares were down another 6.5%, with other health insurers also experiencing significant losses.

Technology and AI Sector Highlights

• 📈 South Korea's SK Hynix saw its shares rise after reporting record full-year profit and announcing a new US-based company focused on AI.
• 🚀 Dutch chip giant ASML's stock surged by approximately 6% after reporting orders that more than doubled analyst expectations.
• 📊 Texas Instruments reported earnings and revenue that missed estimates, but its current quarter guidance boosted the stock, which is up about 8.5%.
• ⚡ Gains in ASML and Texas Instruments are currently lifting the entire chip sector, with Western Digital up 8% and Seagate up nearly 10.5%.