CNBC Business News Update - Market Close: Stocks Higher, Dow And S&P 500 Index Each Hit New Record Highs, US Troops May Have To Go To Venezuela 1/6/25

Episode Date: January 6, 2026

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

I'm Jessica Eddinger. CNBC, Wall Street opens Wednesday morning after a record-setting day for stocks. Ring in some milestones. The first ever close above 49,000 on the Dow. S&P 7,000 is in sights, too, and that is not to be ignored either. Not at all, no. CNBC, Scott Wapner and Mike Santoli, the Dow, and the S&P 500 index, each at record highs. The Dow is up 484 points, 1% Amazon shares.

led it higher. They were up more than 3%. The S&P 500 index added 42 points, closing at 6944. The NASDAQ was up 151 points, a half percent on Tuesday. Companies who shares at fresh all-time highs Tuesday include Micron and Marriott, Expedia, Ross Dress for Less, Alta Beauty, Capital One, Charles Schwab, Delta Airlines, United Airlines, L3 Harris, and Lockheed Martin. Just to name a few. view. Here's apertures Peter Krauss with CNBC's Andrew Ross Sorkin. What's the catalyst for the market to go down? There's just no catalyst for the market to go down right now. Now, right now means we're in the middle of a period of time when earnings haven't come out yet. We haven't seen a lot of government data. You know, so right now the market doesn't have a reason to go down. So you think there's a short term, a short term floor on where things are? I think there's a short term bullishness to the market's going to continue. And The Cantor Fitzgerald's Eric Johnston says a pullback is in the cards for stocks.

So we think the backdrop overall is favorable and we're positive for the full year. But we think that within the first quarter, we're going to see a drawdown. We've back tested when we've seen price performance like we've seen over the last three years. Our backtest work says you've historically seen a drawdown in January or the first quarter. President Trump now saying that the U.S. may reimburse the big oil companies for going in, cleaning up and rebuilding Venezuela's oil infrastructure after the capture of former President Maduro there. This likely means American boots on the ground. We can't control it from offshore. The oil fields are in the Orinoco Valley. The ports are

many, many kilometers away. You have crumbling infrastructure that includes pipelines and roads. You'll need security in all those areas if you're going to exploit that oil. You're going to American forces, the kind of security you need for a long period of time. Retired Army Colonel Jack Jacobs on CNBC. European leaders have united to keep Greenland ruled by its own people after President Trump's threats to annex that country. Louisiana Governor Jeff Landry is a U.S. Special Envoy to Greenland, working with the president on a plan to acquire it. Solidifying the Western Hemisphere is good for the United States.

and good for the states that are in the United States like Louisiana. And Greenland is in the Western Hempsphere. Ford is out with 2025 final car sales numbers. Overall, it was a 6% increase over the year before. On Wednesday's watch list, we're going to get earnings from Albertsons, egg producer CalMaine Foods, Constellation Brands, and Jeffreys. ADP will be out with its latest job creation data. We find out how many people applied from mortgages last week.

And Mr. Beasts' best games, too, will start on Wednesday. Jessica Eddinger, CNBC. The president's latest, I swear, is watching. Squackbox, 6 a.m. Eastern and streaming on CNBC Plus.