Weekly Market Recap (January 5–9, 2026)
U.S. equities pushed higher to start the year as risk appetite broadened beyond mega-cap tech. Basic Materials, Consumer Cyclical, and Industrials led, signaling a rotation toward economically sensitive sectors.
Stabilizing rate expectations, improving earnings visibility, and policy-driven tailwinds for energy and defense shaped trading, while Utilities lagged amid rising growth optimism.
Index Performance (Weekly)
| Index | Weekly Change |
|---|---|
| S&P 500 | +0.93% |
| Nasdaq | +1.18% |
| Dow Jones | +1.08% |
Sector Snapshot (1-Week)
The Score — Stocks That Defined the Week
- Constellation Brands (STZ): Earnings beat expectations despite weak beer demand; shares +5.3% Thu.
- JPMorgan Chase (JPM): Took over Apple’s credit-card program from Goldman, ending GS’s consumer-banking push; shares −2.3% Wed.
- Chevron (CVX): Energy stocks surged on Trump’s Venezuela plan headlines, then pared gains as oil-price targets emerged; CVX +5.1% Mon.
- Ventyx Biosciences (VTYX): Agreed to be acquired by Eli Lilly for ~$1B, igniting interest in autoimmune drug pipelines; shares +37% Wed.
- Lockheed Martin (LMT): Defense names rallied after Trump called for a $1.5T defense budget; LMT +4.3% Thu.
- Paramount Skydance (PSKY): Warner rejected its amended hostile bid in favor of the Netflix deal; shares −1% Wed.
Key Takeaway
The first full trading week of 2026 reinforced a rotation toward cyclicals and policy-sensitive sectors. Strength in Materials, Industrials, and Consumer Cyclical stocks suggests investors are positioning for firmer growth, even as select defensive and rate-sensitive groups lag.
Week ended January 10, 2026. Data based on provided figures.
