Stock Market Today: Dow Jones, S&P 500 Futures Tumble As DOJ Serves Federal Reserve—Vistra, Tempus AI, Alibaba In Focus - SPDR S&P 500 (ARCA:SPY)
VistraVistra(US:VST) Benzinga·2026-01-12 10:33

Market Overview - U.S. stock futures declined on Monday following a positive close on Friday, with major benchmark indices trading lower [1] - The Dow Jones fell by 0.78%, S&P 500 by 0.76%, Nasdaq 100 by 1.04%, and Russell 2000 by 0.57% [4] - The SPDR S&P 500 ETF Trust (SPY) was down 0.69% at $689.25, while Invesco QQQ Trust ETF (QQQ) declined 0.95% to $620.77 [4] Employment Data - Nonfarm payrolls increased by 50,000 in December, slightly below expectations of 60,000 and mostly unchanged from November's revised gain of 56,000 [2] Treasury Yields - The 10-year Treasury bond yielded 4.19%, while the two-year bond was at 3.53% [3] - Markets are pricing a 95% likelihood that the Federal Reserve will keep interest rates unchanged in January [3] Company Performance - Vistra Corp. (NYSE:VST) rose 0.69% after signing a 20-year nuclear power deal with Meta Platforms Inc. (NASDAQ:META) [7] - Alibaba Group Holding Ltd. (NYSE:BABA) increased by 4.44% as its Cloud's Qwen series became the most widely used open-source AI system, surpassing 700 million downloads [7] - Tempus AI Inc. (NASDAQ:TEM) jumped 8.12% after reporting a record $1.1 billion in total contract value and approximately 126% net revenue retention for 2025 [7] - Xpeng Inc. (NYSE:XPEV) gained 2.75% after unveiling its global 2026 P7+ flagship and reporting 126% delivery growth in 2025 [14] - Boot Barn Holdings Inc. (NYSE:BOOT) shares were down 0.37% despite reporting preliminary third-quarter net sales of $705.6 million, representing a growth of 16.0% over the prior year [14] Economic Insights - Mohamed El-Erian noted a "frantic start to the year" with a contrast between geopolitical instability and resilient capital markets [10] - He highlighted a troubling "decoupling of employment from growth," with robust GDP growth potentially exceeding a 5.4% pace [12] - El-Erian anticipates a "flood of fresh data" that will test market optimism, particularly regarding inflation trends and economic momentum [12]