Weekly Market Recap: Week Ending January 9, 2026 — Market Analysis

Key Themes This Week

• •All three major indexes closed the first full trading week of 2026 at record highs, with the S&P 500 gaining 1.0%, the Nasdaq rising 1.3%, and the Dow advancing 1.2% for the week.
• •December's jobs report showed 50,000 positions added—below expectations—but unemployment dropped to 4.4%, reinforcing expectations that the Federal Reserve will hold rates steady at its January meeting.
• •Market participants watched for a Supreme Court ruling on the legality of Trump's tariffs, which did not materialize Friday but remains a key catalyst, with the next potential opinion day set for January 14.