Dow Snaps Losing Streak with Triple-Digit Turnaround

By Emma Duncan | January 02, 2026, 4:33 PM

Stocks finished the first trading session of 2026 mixed after a choppy performance. The Dow reversed its losses to close 319 points higher, snapping a four-day losing streak alongside the S&P 500, while the tech-heavy Nasdaq inched into the red for its fifth-straight loss. Chip stocks were notable winners today, while Tesla (TSLA) stock slid after disappointing fourth-quarter delivery numbers. Though Wednesday brought strong quarterly and yearly gains, all three major indexes finished lower for the week. 

Continue reading for more on today's market, including:

  • Sneak peek: 3 stocks from Schaeffer's top picks of 2026. 
  • Advantages of trading options for investors.
  • Plus, next week's earnings schedule; other EV delivery numbers to unpack; and Baidu's big change.

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5 Things to Know Today

  1. Bridgewater Associates and D.E. Shaw & Co. were two of the largest hedge fund winners in 2025. (Bloomberg)
  2. After a 60-year tenure, the era of 'CEO' Warren Buffett has come to an end. (CNBC)
  3. Slew of jobs data slated for first full week of January.
  4. EV names seeing progress in the delivery department. 
  5. Baidu spinning off its semiconductor unit, Kunlunxin. 
 
There were no earnings of note today.

 

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Oil Extends 2025 Losses

Still reeling from Wednesday's markedly disappointing losses for 2025, oil settled lower for the session. January-dated West Texas Intermediate (WTI) crude shed 10 cents to close at $57.32 per barrel on the day, but rose 0.6% for the week.

Piggybacking off last year's impressive win, safe havens continued their tear up the charts for most of the day. However, February-dated gold settled modestly lower for the session, off 0.3%, to close around $4,329.60 per ounce. For the week, gold lost 3.7%.

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