Why are U.S. stocks rising despite global trade tensions?
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.
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