CNBC Business News Update Market Close: Stocks Higher, Investors Consider A New World Order, Gold Soars Above $5,000 An Ounce 1/26/26
Jan 26, 2026
Markets rally with Dow, S&P and Nasdaq gains and several companies hitting all-time highs. Investors debate a shifting global order and concerns about sovereignty. Gold rockets past $5,000 an ounce and bullish targets rise. Corporate moves include major job cuts and a cybersecurity probe. Fed meeting and earnings loom alongside airline recoveries after a winter storm.
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Broad Market Strength At Week Start
- Markets opened higher at the start of the final week of January with major indexes gaining ground.
- Several large-cap stocks and sectors hit fresh all-time highs, signaling broad market strength.
Davos Shift: New World Order Focus
- Conversations at Davos shifted from deglobalization to a discussion of a 'new world order' and sovereignty.
- Morgan Stanley's Sherry Paul views diversified portfolios as the best hedge against that uncertainty.
Historic Rally In Precious Metals
- Gold surged past $5,100 an ounce and other precious metals rallied strongly.
- Firms like Morgan Stanley raised bull-case targets, suggesting analysts see further upside.