5 Things To Know: January 28, 2026

Summary

CNBC's Becky Quick reports the five things to know ahead of the January 28, 2026 market open. The Fed is expected to leave rates unchanged, with Chair Powell's press conference in focus. Health insurers are under pressure from proposed Medicare Advantage rates, while SK Hynix, ASML and Texas Instruments are moving on earnings and guidance.

• Fed rate decision due at 2 p.m. ET; no change expected, Powell watched for rate-path clues.
• Elevance Health beat Q4 expectations but revenue was light; shares fell after proposed flat Medicare Advantage rates.
• Other health insurers also sold off on the Medicare Advantage rate proposal.
• SK Hynix rose after record full-year profit and a planned US AI-focused company.
• ASML rose after orders more than doubled analyst expectations.
• Texas Instruments missed estimates but rose on current-quarter guidance.