JUST THE FACTS

2026 is off to a solid start for Wall Street. Friday's climb after the latest jobs report propelled both the S&P and Dow to new record highs, and all three major indices crossed the week's finish line with a win.

In a Sunday night social media post, the chairman said the probe targeting him is in retaliation for rate cuts not coming as quickly as the President demanded. This developing story is being updated here. 

Not since the onset of the pandemic has U.S. jobs growth been as weak as 2025's final count. In December, hirings missed most expectations by nearly 30%, while unemployment surprisingly fell slightly.

A number of the market sectors jumped into the headlines this past week due to moves by President Trump. From energy to defense to housing, Mr. Trump would be a key driver for both gains and losses.

U.S. consumers have moved on from the worst fears over tariff impacts. The latest sentiment survey finds overall optimism rising more than expected, but concerns over inflation and jobs are still very high.

The incoming week will be a busy one as several economic reports will arrive. The biggest is the new consumer price index Tuesday followed by wholesale inflation and retail figures plus big bank earnings.