Market Roundup: What Happened Yesterday and What Awaits us Today (January 7)

Wall Street continues its record-breaking rally, and gold shines brightly amid escalating tensions and market anticipation.

US markets continued their positive performance during Tuesday’s session, building on the strong momentum from the previous day, after the main indices closed with notable gains driven by significant political developments on the international stage.

The Dow Jones Industrial Average rose about 1%, the S&P 500 gained 0.6%, and the Nasdaq climbed nearly 0.7%.

The Dow surpassed the 49,000-point level for the first time in its history, and the S&P 500 closed at a new record high, reflecting widespread investor optimism.

These gains extended the strong rally seen in Monday’s session, when the major indices climbed sharply following news of the arrest of Venezuelan President Nicolás Maduro on charges related to prior drug trafficking cases. The Dow added nearly 600 points, and the Nasdaq broke a losing streak that had lasted several sessions.

In the energy sector, oil company stocks traded mixed. After a strong rally in the previous session, Chevron shares fell about 4% on Tuesday, making the company one of the biggest decliners on the Dow. This coincided with a roughly 2.3% drop in US crude prices, which settled near $57 a barrel amid profit-taking and easing supply concerns.

Data storage companies drew attention within the S&P 500 after shares of SanDisk, Western Digital, and Seagate recorded strong gains, driven by positive expectations for future demand for storage and data solutions.

In contrast, some major technology stocks faced limited selling pressure. Shares of Nvidia and AMD declined following statements by company leaders at CES 2026, despite announcements of new advancements in artificial intelligence chips, as investors took profits after prior gains.

Precious metals continued their strong advance, with gold and silver rising again after significant gains in the previous session, indicating that investors remain drawn to safe havens amid geopolitical uncertainty. Gold approached $4,510 per ounce, while silver jumped above $81 per ounce.

In the bond market, the yield on 10-year US Treasury bonds rose slightly to 4.18%, reflecting anticipation of any new signals regarding monetary policy.

Meanwhile, Bitcoin traded near $93,300 after slipping from higher levels during the session, and the US dollar index recorded a modest rise, supported by increased demand for the US currency.

Market outlook

For today’s trading, markets are expected to show balanced movement with a tendency toward volatility, as some profit-taking may follow recent record highs. Pressure in the energy sector could continue if oil prices decline further, while technology stocks may attempt a rebound if positive news or supportive data emerge. Gold and other precious metals are expected to maintain strength as long as geopolitical concerns persist, and investors await economic data that may provide clearer direction for the coming sessions.