Katherine Sullivan

Here's your Closing Bell Brief for Monday, January 26.

I'm Catherine Sullivan for The Wall Street Journal.

U.S.

stocks gained ground today despite global trade tensions and a historic rally in metals.

The Dow led the major benchmarks with a 0.6% rise.

The S&P 500 climbed 0.5%, while the Nasdaq added 0.4%.

Investors weighed new tariff threats against Canada alongside a weaker dollar and rising energy costs.

Natural gas prices doubled from a week ago as winter storms disrupted the country.

And gold and silver prices hit fresh records again.

Among individual companies, CoreWeave shares rallied nearly 6%.

The move followed news that NVIDIA is investing an additional $2 billion in the data center company to build new AI factories.

USA Rare Earth stock climbed almost 8%.

The Trump administration plans to take a stake in the miner as part of a funding deal.

Revolution Medicine's shares dropped 17% today.

Merck ended discussions to buy the biotech company over pricing disagreements.

Sarepta Therapeutics stock rose 8%.

The drugmaker presented positive study results for a muscular dystrophy treatment.

And Skywater Technology shares rose 3%.

The gain comes after quantum computing firm IonQ reached a deal to buy the chipmaker for $1.8 billion.

Heads up, an artificial intelligence tool helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor.