The S&P 500 fell 0.9% on Monday, while the Nasdaq fell 0.8%. The fall in both the indices was cushioned by a 3.5% surge in Google-parent Alphabet, which rose after Berkshire Hathaway disclosed a stake worth nearly $5 billion in the company. Rest of the big tech shares, including Nvidia, ended lower.
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CNBC TV1809-01-2026, 04:45

Dow Jones Surges 300 Pts; Smallcaps Rally Amid Tariff, Jobs Report Anticipation

  • Dow Jones gained 270 points, recovering from Wednesday's sell-off, while Smallcap Russell 2000 rallied 1.1%.
  • S&P 500 remained flat, and Nasdaq dipped 0.5% due to Nvidia and Apple shares. Defense stocks saw moderate gains.
  • US trade deficit narrowed to a 2009 low, and jobless claims were lower than expected, possibly due to front-loaded imports.
  • Markets await a crucial US Supreme Court verdict on Trump tariffs and the December non-farm payrolls report.
  • US Dollar strengthened, Gold and Silver fell, while Oil prices rose following Donald Trump's warning to Iran.

Why It Matters: Markets on edge awaiting critical US Supreme Court tariff verdict and December jobs report.

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