Market Insights Summary - January 8, 2026

Market Overview

Equity markets experienced a modest increase, driven by strong productivity growth. Key sectors such as energy and consumer staples helped offset declines in technology stocks. The 10-year Treasury yield rose to 4.18%, while the U.S. dollar strengthened against major currencies. In commodities, WTI oil prices rebounded after a recent pullback.

Jobless Claims

Initial jobless claims rose to 208,000, aligning with expectations, while continuing claims increased to 1.91 million. The unemployment rate has risen to 4.6%, with job openings contracting to 7.1 million. The upcoming employment report for December is anticipated to show a modest job addition of 55,000 and a slight decrease in the unemployment rate to 4.5%. This low-hiring, low-firing environment is expected to support gradual inflation moderation.

Productivity and Labor Costs

Nonfarm business sector productivity saw a significant rise of 4.9% annualized for Q3 2025, surpassing estimates. Hourly compensation grew by 2.9% year-over-year, slightly above CPI inflation, leading to positive real wage gains. Lower unit labor costs, which fell by 1.9% annualized, are expected to ease inflationary pressures.

Market Data

• DJIA: 49,266.11 (+270.03)
• S&P 500: 6,921.46 (+0.53)
• NASDAQ: 23,480.02 (-104.26)

Disclaimer

This summary is for informational purposes only and should not be interpreted as specific investment advice. Investors should make decisions based on their unique objectives and financial situations. Past performance does not guarantee future results, and investments carry risks including market risk and interest rate risk.