Stock Market Today: Dow Jones Futures Drop After Scaling Record Highs— CoreWeave, Vistra, Microchip Technology In Focus - SPDR S&P 500 (ARCA:SPY)
Benzinga·2026-01-06 10:10

Market Overview - U.S. stock futures showed mixed results following a higher close on Monday, with the Dow Jones increasing nearly 600 points to a new all-time high after the capture of Venezuelan President Nicolás Maduro [1] - The 10-year Treasury bond yielded 4.17%, while the two-year bond was at 3.45%, with an 83.9% likelihood of the Federal Reserve maintaining current interest rates in January [2] Stocks in Focus - CoreWeave Inc. (NASDAQ:CRWV) shares rose 1.87% as it plans to integrate Nvidia Corp.'s Rubin platform into its cloud services, although it maintains a weaker price trend overall [5] - Vistra Corp. (NYSE:VST) shares increased by 4.13% after acquiring Cogentrix Energy for approximately $4.7 billion, but it also has a weaker price trend [5] - Microchip Technology Inc. (NASDAQ:MCHP) advanced 3.19% after projecting third-quarter fiscal 2026 net sales of about $1.185 billion, exceeding previous guidance [5] - Galapagos NV ADR (NASDAQ:GLPG) shares climbed 5.99% following the decision to wind down its cell therapy activities, maintaining a stronger price trend [5] Analyst Insights - Professor Jeremy Siegel expressed a positive outlook for 2026, citing strong GDP tracking and resilient holiday spending, indicating a fundamentally solid market [9] - Siegel noted that higher productivity is disinflationary, allowing for real growth without necessitating Federal Reserve policy tightening, and suggested the Fed could cut rates by 50 basis points by mid-year [10] - Despite potential risks in January, Siegel believes the underlying fundamentals favor a positive investing environment for 2026 [11]