NEW YORK, Jan 19, 2026, 14:28 (EST) — Market closed.
- Wall Street remains closed today for Martin Luther King Jr. Day; trading will pick up again on Tuesday.
- Global stocks dropped, U.S. index futures followed, after new tariff threats sparked a risk-off mood at the open.
- Coca-Cola’s upcoming key events include its earnings report on Feb. 10 and an investor conference appearance on Feb. 17.
Coca-Cola shares are holding steady with U.S. cash markets shut Monday for Martin Luther King Jr. Day, while tariff concerns dragged global stocks down. George Lagarias, chief economist at Forvis Mazars, noted, “It’s highly likely that the White House will use the threat of tariffs consistently, even when deals have previously been agreed.” 1
KO holders face tricky timing. The stock often acts as a safe haven when markets slide, yet its global reach leaves it vulnerable to currency shifts and softening consumer confidence.
Coca-Cola (KO) ended the day at $70.44, slipping around 0.1% on roughly 20 million shares changing hands. PepsiCo dipped about 0.2% to $146.32, and Keurig Dr Pepper took a bigger hit, dropping 1.8% to $27.41 during the session.
Markets outside the U.S. have already grown jittery. U.S. stock-index futures, which trade beyond regular hours and hint at Wall Street’s open, dipped by midday. Stephen Innes of SPI Asset Management described the move as “not a short-term liquidation story” but rather “a slow rebalancing story.” 2
Company news is light at the moment, but the calendar is packed. Coca-Cola plans to report its fourth-quarter and full-year 2025 earnings on Feb. 10, ahead of the NYSE open, with a conference call set for 8:30 a.m. ET. CEO-elect Henrique Braun and CFO John Murphy will present at 10 a.m. ET on Feb. 17 during the Consumer Analyst Group of New York (CAGNY) conference in Orlando, Florida. 3
Investors face another key internal change soon. A filing on Jan. 14 revealed Coca-Cola is establishing a chief digital officer position. Sedef Salingan Sahin will assume duties now handled by Murphy, while marketing head Manolo Arroyo shifts to lead customer and commercial efforts. Braun is set to become CEO on March 31. 4
When trading resumes Tuesday, KO’s spotlight will probably shift away from the headline index. Instead, attention will turn to the coming weeks: the balance between pricing and volume, the degree of consumer trade-down, and whether input and freight costs remain subdued.
But calling it defensive has its limits. Should tariff threats escalate into a full-blown trade war — or just spook investors enough to trigger a sell-off — KO could slide alongside the broader market. On top of that, a stronger dollar would cut the value of its overseas profits when converted to U.S. dollars.
Tuesday’s reopen is next on the schedule, followed by Coca-Cola’s earnings report on Feb. 10 and its CAGNY presentation on Feb. 17. After that, the March 31 CEO transition looms as the next firm date on the calendar.
