Morning Preview: January 07, 2026
Market Overview
On January 6, 2026, the S&P 500 index, Dow Transports, and Dow Jones Industrial Average achieved record closes, marking a strong start to the year. The S&P 500 rose by 0.62% to a new all-time high of 6,944.82, while the Dow Jones increased by 484.90 points (0.99%) to close at 49,462.08. The Nasdaq Composite also saw gains, climbing 0.65% to end at 23,547.17. Investors are shifting focus from geopolitical tensions, such as the recent U.S. attack on Venezuela, to upcoming economic data releases, including ADP private payrolls and JOLTs job openings.
Futures Overview
| Index | Change | % Change | Last |
|---|---|---|---|
| Dow | 17.00 | 0.03% | 49,738 |
| S&P 500 | -7.25 | -0.10% | 6,980 |
| Nasdaq | -64.00 | -0.25% | 25,758 |
Global Market Updates
In Asian markets, the Nikkei Index fell by 556 points to 51,961, while the Shanghai Index saw a slight increase of 2 points to 4,085. The Hang Seng Index dropped by 251 points to 26,458. In Europe, the German DAX rose by 157 points to 25,049, whereas the FTSE 100 decreased by 56 points to 10,065. Crude oil futures slipped following President Trump's announcement regarding Venezuela's oil supply to the U.S.
Economic Calendar
- 7:00 AM ET: MBA Mortgage Applications Data
- 8:15 AM ET: ADP Private Payrolls for December (est. +47K)
- 10:00 AM ET: JOLTs Job Openings for November (est. 7.6M)
- 10:00 AM ET: ISM Non-Manufacturing Index for December
- 10:00 AM ET: Factory Orders M/M for October (est. -1.2%)
- 10:30 AM ET: Weekly DOE Inventory Data
Sector News
Consumer Sector
Cal-Maine Foods reported Q2 EPS of $2.13, exceeding consensus estimates. However, revenues fell by 19% year-over-year. Colgate-Palmolive was upgraded to Overweight by Piper, citing potential growth acceleration in 2026. In the restaurant sector, McDonald's was upgraded to Outperform, while Yum Brands was downgraded.
Energy, Industrials, and Materials
AAR Corp. reported strong Q2 results, with adjusted EPS of $1.18. Chevron is reportedly teaming up with Quantum Energy Partners to bid for Lukoil's international assets valued at $22 billion. Murphy Oil announced a successful drilling operation offshore Vietnam.
Financials
In the cryptocurrency space, shares of MicroStrategy rose after MSCI decided not to exclude digital asset Treasury companies from its indexes. HIVE Digital Technologies reported a significant increase in Bitcoin production.
Healthcare
Alumis announced a proposed public offering of common stock for $175 million. Biohaven agreed to sell shares to Janus Henderson Investors for expected gross proceeds of $125 million.
Technology, Media & Telecom
Mobileye is acquiring Mentee Robotics for $900 million to enhance its humanoid robotics capabilities. Qualcomm is in discussions with Samsung for contract manufacturing of advanced chips.
Conclusion
The market is poised for further developments as investors await key economic data and navigate through geopolitical events. The strong performance of major indices reflects a resilient market sentiment as 2026 begins.