Dow Closes Above 49,000 With 484-Point Pop

The Dow and S&P 500 both notched record closes today, with the former settling above the psychologically significant 49,000 level for the first time ever. The Nasdaq enjoyed a triple-digit win as well, as AI stocks continued to boost the market with their strong start to 2026. Energy stocks also extended last session's gains following the U.S. capture of Venezuelan leader Nicolás Maduro.

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

• Constellation Brands will be among the first to report earnings this year. 
• A closer look at the S&P 500's top stock of 2025: Western Digital. 
• Plus, Fairfax builds UAA stake; ALMS hits record highs; and VST pops on acquisition. 

Growing Geopolitical Risks Lift Gold Prices

Crude prices fell on supply uncertainty following the events in Venezuela. February-dated West Texas Intermediate (WTI) crude fell 2%, or $1.19, to settle at $57.13 per barrel.

Safe-haven gold continued to rise amid mounting geopolitical risks. February-dated gold futures rose 1% to settle at $4,496.10.