CNBC Business News Update - Market Open: Stocks Higher, Dow Enjoyed A Santa Claus Rally For '26, Venezuela And Consumer Affordability 1/6/26

Episode Date: January 6, 2026

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I'm Jessica Eddinger. CNBC Wall Street, modestly in the green, out of the gate this morning. The Dow, building on the record high, it opened with. It's up one point. United Health shares leading it higher. They're up 2% this morning. The S&P 500 index up 8 points. The NASDAQ up 52 points.

Shares of Invidia are up a little more than 1%. The S&P 500 index is now 0 for 3 for Santa Claus rallies. This was the third year in a row. It didn't have a winning seven-day stretch, the final five days of trading of one year and the first two days of the next. But the Dow enjoyed its biggest Santa Claus rally in four years. The strong startup that we're having to the year

makes a lot of sense when you think of all the fiscal spending that's really hitting the economy right now in the U.S. I think it's a uniquely positive environment right now for risk assets. UBS's Evan Brown on CNBC. Copper prices hit an all-time high on supply. worries and tariff uncertainty that chip trade is on today as memory chip giants spark a global semiconductor rally because of shortages that are fueling price increases for chips. Following a bigger jump on Monday, oil prices pulled back overnight, but rebounded this morning. U.S. crude, again

around $58 a barrel today. The oil market is a key focus after the capture of Venezuela's former leader, Nicholas Maduro. President Donald Trump said the U.S. plans to take control of Venezuela's oil industry and ask American companies to revitalize it, nobody really expects gas prices to fall anytime soon because of the Venezuela situation. But Americans are still struggling to pay their bills. People are very concerned about affordability. And I think to the extent that this is viewed as taking the administration's eye off the ball, it's problematic. You know, there's a lot of kind of known unknowns that are going to kick in this year. there's the effect of the AI economy on labor markets, whether the Supreme Court rules

against Trump's tariffs and what that means, and, you know, what the implications are for these things for inflation and affordability. That's what's going to matter really the most to Americans as you move towards the November midterms. London School of Economics Professor Peter Trubowitz on CNBC. European leaders of United, they want to keep Greenland ruled by its own people after President Trump's threats. Jessica Eddinger, CNBC. The Consumer News and Business

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