Dow Falls 0.7%, Tariff Uncertainty Eases, NN and Others Drop Amid Volatility

The Dow Jones Industrial Average fell as much as 0.7% in the afternoon session on January 23, 2026, reflecting lingering market uncertainty following President Donald Trump's decision to withdraw threats of new tariffs on European allies. This move reversed earlier trade tensions, prompting a relief rally that helped major indexes recover from steep losses experienced earlier in the week. NN shares, which have seen significant volatility with 55 moves exceeding 5% over the past year, dropped notably amid the broader market sell-off. Despite this, the stock remains 57% below its 52-week high of $3.48, trading at $1.50 per share. Investors who purchased $1,000 worth of NN shares five years ago now hold an investment valued at approximately $246.70. While Wall Street focused on Nvidia's record highs, an under-the-radar semiconductor supplier emerged as a key player in AI component manufacturing, offering potential opportunities for investors seeking exposure to critical tech sectors. The S&P 500 gained 1.2% as global trade concerns eased, signaling renewed optimism despite ongoing geopolitical risks.