NEW YORK, Jan 4, 2026, 5:21 PM ET — Market closed
- Goldman Sachs closed Friday at $914.34, up 4.0% in the first session of 2026.
- Investors face a packed week: the U.S. jobs report is due Jan. 9 and CPI follows on Jan. 13.
- Goldman reports fourth-quarter results on Jan. 15, after JPMorgan kicks off major bank earnings on Jan. 13.
Goldman Sachs shares closed up 4.0% on Friday at $914.34, outpacing a muted broader market move in the first trading session of 2026. The stock added $35.38 on the day and traded between $880.82 and $914.99.
The timing matters. Investors are rotating portfolios at the start of the year while trying to pin down the path for U.S. interest rates, a key driver for bank valuations and capital-markets activity. For Goldman, shifts in risk appetite can show up quickly in trading volumes and dealmaking fees.
Wall Street ended mixed on Friday, with the S&P 500 and Dow finishing higher while the Nasdaq was little changed. Some of Goldman’s closest peers also moved higher: Morgan Stanley rose 2.46% and Blackstone gained 3.02% in the same session.
Treasury yields climbed on Friday as markets looked ahead to a run of U.S. labor-market releases, and investors leaned toward “value” sectors over growth stocks, a Reuters report said. The benchmark 10-year U.S. yield ended around 4.19%. Reuters
The next set of economic prints will hit before bank earnings get fully underway. The Bureau of Labor Statistics’ calendar shows the Employment Situation report for December 2025 is scheduled for Friday, Jan. 9 at 8:30 a.m. ET, and the CPI report for December 2025 is scheduled for Tuesday, Jan. 13 at 8:30 a.m. ET.
Goldman is scheduled to announce fourth-quarter 2025 results at about 7:30 a.m. ET on Thursday, Jan. 15, the bank said. JPMorgan Chase is set to release results on Tuesday, Jan. 13, ahead of an 8:30 a.m. ET conference call.
Traders will be listening for whether clients kept trading actively into year-end and whether the investment-banking pipeline firmed as 2026 began. Any shift in the firm’s cost outlook will also be in focus after a year when markets rewarded operating leverage across financials.
Technicians will also watch whether GS can hold Friday’s breakout level. In chart terms, the area around $915 is near-term “resistance” — a zone where rallies often stall — while the low-$880s mark “support,” where buyers previously stepped in.
“The market is looking for direction,” Matthew Maley, chief market strategist at Miller Tabak, said in a Reuters report this weekend, a theme that could matter for rate-sensitive financial stocks in the days ahead. Reuters
But a hotter-than-expected jobs or inflation reading could push yields higher and revive risk-off positioning, which can cool underwriting and advisory momentum even if it boosts some trading flows. Investors also return on Monday to fresh geopolitical uncertainty tied to U.S. moves in Venezuela, a development strategists warned could drive headline risk when markets reopen.
The next test comes quickly: markets reopen Monday, Jan. 5, with attention turning to the Jan. 9 jobs report and Jan. 13 CPI release before Goldman’s Jan. 15 results.
