NEW YORK, January 1, 2026, 03:09 ET — Market closed
- Icahn Enterprises units last closed at $7.55 on Dec. 31, up about 3.4%.
- A recent filing showed Carl Icahn received roughly 30.5 million units via a payment-in-kind dividend.
- Markets reopen Jan. 2, with investors focused on fresh U.S. data and the Jan. 9 jobs report.
Icahn Enterprises’ depositary units last climbed 3.4% in the final trading session of 2025, bucking a broader year-end slide in U.S. stocks. The units settled at $7.55 on Wednesday. MarketWatch
The move matters because liquidity is thin around year-end, and investors are repositioning into the first full session of 2026 after markets shut for New Year’s Day. That can amplify swings in smaller, higher-yield names. MarketWatch+2New York Stock Exchange+2
Attention has also centered on a recent disclosure tied to Icahn Enterprises’ quarterly distribution. A filing showed controlling unitholder Carl Icahn received 30,467,595 depositary units in a payment-in-kind dividend — meaning the payout was made in additional units rather than cash. Streetinsider
Icahn Enterprises’ units trade like stock but represent limited partner interests in the partnership, and the company’s distributions can be a key driver of investor appetite. The filing said the dividend amount was determined based on each holder’s election and a volume-weighted average price over five trading days. Streetinsider
Broader markets ended 2025 on a softer note, with the S&P 500 down 0.74%, the Dow down 0.63% and the Nasdaq down 0.76% on Wednesday, Reuters reported. Trading volumes were below recent averages in the holiday-shortened week. Reuters
“It’s perfectly fine in any bull market to have moments of cost,” said Giuseppe Sette, co-founder and president of Reflexivity, pointing to profit-taking when liquidity is low. Reuters
For Icahn Enterprises, investors have tended to focus on distribution mechanics and balance-sheet flexibility, given the partnership’s mix of operating businesses and investment holdings. The units’ higher distribution yield can make them sensitive to shifts in rate expectations and risk appetite.
Macro data have stayed in the foreground. Weekly initial jobless claims fell to 199,000 in the latest report, Reuters said, capping a year in which hiring cooled and policymakers watched for clearer signals on growth and inflation. Reuters
Markets are closed Thursday for New Year’s Day and reopen Friday, Jan. 2. A MarketWatch service guide said there are no U.S. economic data releases scheduled for Jan. 1. MarketWatch+1
Before the next session, investors will track Friday’s early data flow, including weekly jobless claims. The New York Fed’s calendar also lists construction spending on Jan. 2. Federal Reserve Bank of New York
The next major macro test comes with the U.S. employment report for December 2025, due Friday, Jan. 9 at 8:30 a.m. ET, according to the Bureau of Labor Statistics schedule. Bureau of Labor Statistics+1
