Wall Street already took a hit Friday following the launch of the Chinese DeepSeek artificial intelligence programme last week

Wall Street banks are getting ready to sell up to $3 billion of debt holdings in X, the social-media platform controlled by Elon Musk, two people with knowledge of the matter said on Friday.

The president may find himself unable to escape responsibility, warned the newspaper’s conservative editorial board.

Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

Expect questions about Fed independence at the chairman's Q&A. Apple, Microsoft, Met and Tesla report results. Alphabet may be sitting on an Nvidia rival.

What’s better than monthly dividends that add up to 7.2% to 15.4% yearly yields? Cheap monthlies thanks to a high level of fear amongst vanilla investors.

Meta, Apple, Microsoft and Tesla report quarterly results, as analysts start to focus more on AI results. Earnings are also due from Starbucks and Boeing.

Companies in the S&P 500 appear increasingly focused on tariff policies under President Donald Trump, a point of potential volatility for the U.S. stock market, according to a research note from Citigroup.

Existing home sales climbed 2.2% in December to a seasonally adjusted annual rate of 4.24 million, according to the National Association of Realtors, the strongest pace since February 2024. Economists polled by Bloomberg expected existing home sales to hit a pace of 4.2 million in December.

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.

The tech-heavy Nasdaq Composite ( ^IXIC) sank nearly 3%, while the S&P 500 ( ^GSPC) tumbled 1.7%. The Dow Jones Industrial Average ( ^DJI) fell 0.2% on the heels of a winning week for the major gauges.