New York, Jan 10, 2026, 12:13 EST — Market closed
- The Dow ended Friday up 0.5% at a record close after a cooler U.S. jobs report
- Investors now turn to Tuesday’s U.S. inflation data and the start of big-bank earnings
- Rate-cut timing remains the swing factor for stocks and bonds
The Dow Jones Industrial Average clocked a fresh record close on Friday, rising 237.96 points, or 0.5%, to 49,504.07, capping a strong week for U.S. stocks. The S&P 500 gained 0.6% and the Nasdaq rose 0.8% on the day. (AP News)
With Wall Street shut for the weekend, traders head into Monday’s open trying to square two competing signals: hiring is slowing, but stocks keep pushing to new highs. A softer labor market can bring rate cuts closer, yet it can also hint at a broader cooling that hits profits.
Friday’s rally followed a government report that pointed to slower job growth in December, while the jobless rate ticked down. The mix kept investors in the game and left bond yields moving in opposite directions across maturities, a familiar pattern when the rate outlook is still in flux. (Investopedia)
Nonfarm payrolls rose by 50,000 in December and the unemployment rate held at 4.4%, the Labor Department said. The report showed job gains in food services and drinking places, health care and social assistance, while retail trade lost jobs. (Bureau of Labor Statistics)
The next test is inflation. The consumer price index (CPI), the government’s main monthly read on price pressures, is due on Tuesday; “core” CPI strips out food and energy and is watched for underlying trends.
S&P Global Market Intelligence economists said the December CPI is getting extra scrutiny after data collection issues in prior months and noted that “a cut in US interest rates is not widely expected until June.” They also said the Fed has cut by 25 basis points — a quarter of a percentage point — at each of the last three meetings. (S&P Global)
Earnings add another lever. JPMorgan Chase is scheduled to report fourth-quarter results on Tuesday, with the bank set to host a conference call at 8:30 a.m. ET, it said. (JPMorgan Chase)
Citigroup is due a day later, saying it plans to release results around 8 a.m. ET on Wednesday, followed by a webcast and teleconference. (Citi)
For Dow watchers, the index is now within striking distance of 50,000 — a round-number level that can draw extra attention even when the news flow is thin. Monday’s first move will likely come from rates, not headlines.
But a downside scenario is easy to sketch. A hotter-than-expected CPI could push yields up and force investors to reprice the path for Fed cuts, while early bank results could revive worries about credit costs or a slower consumer.
What markets watch next is Tuesday’s CPI report and JPMorgan’s results the same morning, a one-two punch that could set the tone for the first full earnings week of 2026.
