CNBC Business News Update Market Midday: Stocks Higher, Trump Changes Tone On Minnesota After CEO Letter, Gold Soars Again 1/26/26
Jan 26, 2026
Quick recap of a surprising shift in presidential tone toward Minnesota after a tense call. Coverage of a CEO letter pushing for de-escalation following a shooting. Market moves spotlighted include stocks rising and gold and silver surging as safe-haven flows heat up. Additional notes on natural gas highs, the start of tax season, and Grammy week in L.A.
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Midday Market Rally With Sector Divergence
- Wall Street rose midday with the Dow up about 193 points and broad gains in the S&P 500 and Nasdaq.
- NVIDIA lagged while Cisco led, showing sector divergence in the rally.
Trump's Tone Shift After Minnesota Shooting
- President Trump softened his tone toward Minnesota after speaking with Governor Tim Walz following a deadly shooting.
- The shift followed pressure from corporate leaders and signals from the administration to de-escalate.
Minnesota CEOs' Letter To The President
- CEOs from major Minnesota companies signed a letter urging immediate de-escalation and cooperation among officials.
- Signatories included leaders from Target, 3M, Cargill, UnitedHealth, Mayo Clinic, and others.