Overview
- Stocks ended the first session of 2026 mixed, with the Dow up 0.66% to 48,382, the S&P 500 up 0.19% to 6,858, and the Nasdaq down 0.03% to 23,236.
- Semiconductor shares led technology, including Micron up 10.5%, Intel up 6.7%, TSMC up 5.1% and Nvidia up 1.2%, supported by AI news such as Baidu’s chip unit IPO filing and Shanghai Biren’s strong debut.
- Investors rotated toward value and small caps, with the Russell 2000 rising more than 1%, while Dow leaders included Boeing, Caterpillar and Goldman Sachs.
- Tesla shares fell roughly 2% to 3% after a fourth‑quarter delivery miss, as China’s BYD surpassed it in global auto sales.
- Oil prices opened lower by about 1% on worries over excess supply and prospects for Russia‑Ukraine peace talks.