Market Updates

U.S. Market Rally Broadened Ahead of Nonfarm Payrolls Data Release

Barry Adams
07 Jan, 2026
New York City

    Wall Street indexes were flat Wednesday after the S&P 500 index and the Tollbooth Strategy Index hit fresh records in the previous session. 

    The S&P 500 index decreased 0.1%, and the Nasdaq Composite edged down 0.3%, after they logged 0.6% and 0.7% in the previous session, respectively.  

    Investors shrugged off the U.S. attack on Venezuela amid expectations that global crude oil supplies are not likely to be disrupted in the immediate future.  

    The market rally appears to broaden beyond the Magnificent 7 stocks, and cyclical stocks participated in the latest advance. 

    Later in the week, the durable goods orders and the nonfarm payrolls report are likely to garner investor attention. 

    The U.S. economy is likely to add 45,000 net new jobs in December, but September and November data are likely to be downwardly revised. 

     

    U.S. Movers 

    Data storage companies led the market advance on Tuesday after comments from Nvidia CEO Jensen Huang. 

    Western Digital soared 17% to $219.38, Seagate Technology jumped 14% to $330.42, and SanDisk Corp. soared 27.5% to $349.63. 

    Nvidia Corp. gained 0.6% to $188.37 after the company's CEO, Jensen Huang, said that its H200 AI chips are seeing "very high" demand from Chinese customers. 

     

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