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A choppy start to 2026 on Friday capped off a rough week on Wall Street. The S&P and Dow won the day, but losses before Thursday's break doomed the week and took a small bite out of 2025's big gains.
All three major indices scored their third straight year with double-digit advances in 2025. This report details the start, the bumps along the way, and the finish for the markets that ended in rare territory.
The so-called Santa Claus rally may have fizzled out again, but what's next may be far more critical. Market performances in January have a very solid track record of signaling how the overall year plays out.
The Fed's rate cut decision in December may have gone through as expected, but it wasn't easy getting there. Three of the voters disagreed and the minutes reveal the path for future cuts could get messy.
The U.S.'s moves on Venezuela delivered huge geopolitical shocks, but they aren't likely to roil the energy markets for now. Global supply is already at a surplus and Venezuela's output is just a tiny fraction.
The new week will be heavily focused on labor. New hirings and job loss numbers will come in several reports, none bigger than Friday's December jobs report. Also out Friday, 2026's first sentiment survey.
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