Technology shares led gains as chipmakers rebounded. AI-related optimism also returned, supported by Micron forecasts, according to Reuters. The S&P information technology sector outperformed on the session.
Oracle jumped after TikTok and ByteDance agreed to shift control of into a new joint venture. Reports said the structure includes Oracle, Silver Lake, and Abu Dhabi-based MGX. The parties expect the deal to close on January 22, 2026.
Nike slid after it reported continued pressure on gross margins and flagged softer China demand. Reuters put the decline at about 10% after the update, while other reports linked the move to weaker . The drop underscored how company results can still drive outsized moves, even in macro-led weeks.
Looking ahead, markets will track incoming data releases that arrive after the shutdown disruption fades. Many desks watched month-end rebalancing flows as they prepared for 2026 trading. Investors will also listen for more Fed guidance on whether policymakers hold rates steady in January. For now, the US stock market today stayed positive, but traders kept a cautious tone into 2026.
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