New York, Jan 20, 2026, 21:32 (ET) — Market closed.
- Coca-Cola shares climbed 1.9% on Tuesday, bucking the steep decline seen across the broader market.
- Fresh tariff threats rattled risk appetite, pushing traders to shift into defensive consumer staples.
- Coming next: U.S. PCE inflation figures on Jan. 22, the Fed’s Jan. 27-28 meeting, and Coca-Cola’s earnings report on Feb. 10.
Coca-Cola’s shares jumped 1.9% to $71.75 on Tuesday, bucking the broader market’s drop amid fresh tariff concerns. Volume topped recent averages, pushing the stock close to its 52-week high. (MarketWatch)
This move stood out because it matched a well-worn pattern: investors dumping riskier bets and flocking to stable names. New tariff threats linked to a U.S.-Europe spat over Greenland sent markets sharply into “risk-off” territory — traders slashing riskier holdings — with staples catching the safe-haven demand. “It’s all coming together for a pretty significant risk-off day,” said Wasif Latif, chief investment officer at Sarmaya Partners. (Reuters)
Some strategists warned not to read too much into the initial tariff threat, expecting the talk to fade once talks get underway. Dan Ives, an analyst at Wedbush Securities, labeled the move “clearly an overhang,” adding that “the bark will be worse than the bite” as tensions cool. (AP News)
The sector message came through clearly. The Consumer Staples Select Sector SPDR Fund nudged up, while cyclicals and tech bore most of the selling pressure.
Traders are eyeing Thursday’s U.S. personal consumption expenditures price index, a key inflation measure the Federal Reserve monitors closely. The Bureau of Economic Analysis has set the next release date for Jan. 22. (Bureau of Economic Analysis)
Next up is the Fed. Its policy meeting is scheduled for Jan. 27-28, with investors focused on the statement and the Chair’s press conference for any shifts in tone following a rocky start to the year. (Federal Reserve)
Coca-Cola investors have a key date ahead: the company will release its fourth-quarter and full-year 2025 earnings on Feb. 10, before the NYSE opens. An investor call is scheduled for 8:30 a.m. ET that day. CEO-elect Henrique Braun and CFO John Murphy are also set to speak at the CAGNY conference on Feb. 17 in Orlando. (The Coca-Cola Company)
But there’s a catch with the “defensive” trade. If tariff threats ease off, or inflation numbers come in hotter pushing yields higher, the safety bid that buoyed staples on Tuesday could reverse quickly.
Investors will soon be watching closely for clues on how price hikes, volumes, and currency moves are reshaping the outlook before results drop — and if the stock can stand firm should risk appetite come back to the broader market.
Next up: PCE inflation data on Jan. 22, followed by the Fed’s decision on Jan. 28. Then, Coca-Cola’s earnings come Feb. 10, capped by its CAGNY presentation on Feb. 17.
