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    Stock Market Today: Nasdaq Closes in Correction Territory

    by Karee Venema Jan 19, 2022 2 minutes

    The stock market kept investors on edge today, with the major benchmarks bouncing back and forth between positive and negative territory.

    Bank stocks remained in focus following the latest round of fourth-quarter earnings reports, though today's reactions were mixed.

    State Street (STT, -7.1%) was a notable decliner as lower-than-expected servicing fees revenues overshadowed higher-than-anticipated profit and revenue, while (, -7.8%) slid after posting disappointing earnings and net interest income.

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