Market Summary - January 06, 2026

U.S. Stock Market Overview

On January 6, 2026, U.S. stocks opened strong, with the Dow Jones Industrial Average reaching record highs. The S&P 500 also set a new intraday all-time high, driven by gains in the Healthcare, Materials, and Technology sectors. Energy stocks took a pause following a surge the previous day due to news from Venezuela. Precious metals continued their upward trend, with February gold nearing $4,500 and silver prices rising to $78.75, positively impacting gold and silver mining stocks.

Cryptocurrency Market

Bitcoin and Ether experienced a mild pullback after significant gains, with Bitcoin remaining above $93,000. The cryptocurrency market continues to show volatility but maintains a strong overall performance.

Technology Sector Highlights

The CES tech show in Las Vegas generated considerable buzz, particularly in autonomous driving and robotics. Several technology stocks saw movement, especially in the semiconductor sector, where MCHP raised its guidance, and memory stocks resumed their upward momentum.

Economic Data

The S&P Services PMI was reported at 52.5, slightly down from the previous 52.9, while the S&P Composite PMI came in at 52.7, down from 53.0.

Sector Movers

Insurance

AIG announced the resignation of its CEO, Peter Zaffino, who will transition to the role of executive chair. MetLife (MET) was downgraded due to concerns over earnings and valuation, while Prudential (PUK) announced a share buyback program.

Restaurants

Shake Shack (SHAK) was upgraded to Buy by Deutsche Bank, citing strong growth potential. Meanwhile, Dine Brands (EAT) was also upgraded, while other restaurant stocks like Bro's (BROS) and Chipotle (CMG) were highlighted as top picks for 2026.

Homebuilders

UBS downgraded Lennar (LEN) to Neutral, citing challenges in achieving high gross margins. However, they believe 2026 could be a better year for homebuilding due to moderated production and constrained housing supply.

Stock Performers

Gainers

• AEVA +27%: Selected for NVIDIA's autonomous vehicle platform.
• ALMS +116%: Positive results from psoriasis drug trials.
• ARWR +17%: Weight loss drug showed promising results.
• MCHP +8%: Raised revenue guidance.
• OS +23%: Nearing a deal to go private.
• VST +4%: Acquired Cogentrix Energy.
• ZETA +7%: Collaboration with OpenAI.

Losers

• ADDYY -6%: Downgraded due to sales growth concerns.
• AIG -6%: CEO transition news impacted stock.
• EFX -5%: Criticism of pricing models from regulators.
• STAA -12%: Terminated merger agreement.
• TSLA -3%: Competition from Nvidia's new self-driving model.

Conclusion

The market is showing strong momentum with several sectors performing well, particularly in technology and healthcare. Investors are optimistic ahead of key jobs data, and the overall sentiment remains positive as we enter 2026.