January 5, 2026

Market Summary

Good afternoon. Stocks rise to kick off 2026, Bitcoin climbs above $94k, and Elon Musk is now worth $726 billion.

Let’s dive in.

---

Markets

Here are today’s market moves:

---

What’s Happening

• Stocks rose to kick off the first full trading week of 2026.

• The Dow Jones hit 49,000 for the first time:

• Markets rallied following the U.S. capture of Venezuela’s President Nicolás Maduro.

• Bitcoin climbed above $94,000 as traders rotated back into risk assets.

---

Catch Up

1. The S&P 500 gained 16.4% in 2025. The Nasdaq rose 20.4%.

2. Citadel’s flagship hedge fund climbed 10.2% last year.

3. Warren Buffett has stepped down as CEO of Berkshire Hathaway.

---

What Else

---

---

---

Quote

“You don’t need to be right often. You need to be right big.”

— Stanley Druckenmiller