CNBC Business News Update - Market Midday: Stocks Mixed, Processed Food Company Shares Fall, Silver Prices Could Drop 1/8/26

Episode Date: January 8, 2026

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I'm Jessica Eddinger, CNBC. We've got Wall Street mixed this afternoon. The Dow is soaring higher. Up 350 points, 3 quarters percent. Shares of Home Depot leading it up. They're up more than 3 percent this afternoon. The S&P 500 index up nine points. The NASDAQ is in the red down 91 points this afternoon. Shares of Nvidia down a little more than 2%. Companies who shares hit fresh all-time highs today. Include Google Parent Alphabet, Hilton, Marriott, Ross, Dress for Less, T.J. Max and Marshall's parent, TJX companies, Eli Lilly, Martin, Raytheon, and L3 Harris. Companies who shares it fresh 52-week lows today, possibly on the new HHS American Diet Guidelines from Secretary Kennedy, telling Americans to stay away from processed foods, include ConAgra brands, which makes Slim Jims, Campbell Soup, which makes goldfish crackers, and Mondalese, which makes Oreos. This would suggest a little bit of a news-driven market, but maybe not. Here's TD Banks Vice Chair Jeffrey Solomon on CNBC. But I don't know, we kind of invaded a country and we took a president and the market was like, okay, let's rally 500. I don't know.

Like, there's a bunch of things that I would say the market is adjusting to this sort of volatility on day-in-a-day-out news and it's sort of filtering a lot of it out as noise. And so sort of looking at really simple things like Fed easing, economy seems to be rolling along. Like, I'm just not going to pay attention to this noise that happens on a day-in-day-out basis. and move forward. The New York Fed survey found Americans are really worried about the job market. Labor market outlook weakening with the probability of finding a job reaching an all-time low. Labor market indicators employment expectations moving slightly lower, but the concerns over losing one's job higher by nearly one and a half percentage points. Confidence in finding a new job dropped to the lowest since the survey began back in 2013. CNBC's Carl Keentania. Investors in

gold, silver, and more, plus few other commodities, seeing some investors in gold, silver, and few other commodities may see some price changes because of a regular index rebalancing. Now, this is an annual mechanical event that doesn't usually lead to big price moves, but this year could be different thanks to how much precious metals gained last year. More than $130 billion in passive capital tracks the largest commodity indices, and those funds will now be selling over the next five. days in order to match new target weights. Now, the biggest move to the downside could be silver after the metal surged 142 percent in the last year. Gold and aluminum could also be negatively

impacted, but on the flip side, Coco is jumping because it's being reintroduced to the Bloomberg Commodity Index. CNBC's Pippa Stevens. Jessica Erringer, CNBC. Straight from the CEOs. You have to go into wartime mode. Valuable insights. When you have happier employees, you get happier guests. Strategies for success. I just don't see risk where others do. From inside the C-suite. Pick the best people, give them the tools to do the best work of their life.

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