It happened Saturday morning around 12:15 at Market and Spring Streets.
19-year-old Kenneth McDonald and 22-year-old Christopher Weller both face multiple charges including aggravated and simple assault, recklessly endangering another person and disorderly conduct.
Police say both men began arguing when Mr. Weller stabbed Mr. McDonald.
Officers say Mr. McDonald disarmed Mr. Weller then assaulted him.
Both men are jailed in lieu of $25,000 bail at Luzerne County Prison.