CNBC Business News Update - Market Midday: Stocks Higher, Dow Building On Record High It Opened With, One Investors Sees A Pullback Coming 1/6/26

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 in the Green this afternoon. Major averages all higher. The Dow building on the record high it opened with, and it is now up 370 points. Three quarters of a percent. Amazon shares leading the Dow higher this afternoon. They're up almost 4%. The S&P 500 index up 29 points. The NASDAX up 85 points. Shares of Invidia back in the green this afternoon. They're up. Just about a half a percent. With mundane numbers in the books, here's the verdict on the Santa Claus rally. It only happened for one index, the Dow. Best Santa Claus rally for the Blue Chips in about four years, posting gains through the last five trading days of last year and the first two of this year.

But if you look at the S&P, Santa was read for the third straight year. CNBC's Carl Kintania. 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. So right now the market doesn't have a reason to go down.

So you think there's a short term floor on where things are? I think there's a short term bullishness to the market's going to continue. And 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 need 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 Kalmain 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's best. Games two will start on Wednesday. Jessica Eddinger, CNBC. Who's ready to make the world go nuts? CNBC, premier episode of Shark Tank, tonight, 9 Eastern.