Wall Street is also watching the technology sector as the industry kicks off its annual CES trade show in Las Vegas. Nvidia slipped 0.4 per cent, while Google added 0.4 per cent.
Investors are particularly focused on advancements in artificial intelligence, or AI. The sector led the broader market to a series of records in 2025 on expectations that AI will continue to drive advancements and profits for a wide range of technology companies. The latest updates on AI from influential technology companies could help shed more light on whether the big investments are worth the potential financial risks.
Companies like Nvidia have been heavily investing in the technology, while investors on Wall Street have made those companies among the most valuable in the world.
Gold gained 2.6 per cent and the price of silver soared 7.9 per cent. Such assets are often considered safe havens in times of geopolitical turmoil. The metals have notched record prices over the last year amid lingering economic concerns brought on by conflicts and trade wars.
Treasury yields fell in the bond market. The yield on the 10-year US Treasury fell to 4.16 per cent from 4.19 per cent late on Friday. The yield on the two-year Treasury, which moves more closely with expectations for what the Federal Reserve will do, fell to 3.46 per cent from 3.48 per cent late on Friday.
Wall Street will get several economic updates this week that will also be watched by the Fed as it determines interest rate policy.
The central bankโs biggest focus will be on reports on the US job market later this week, which include updates for job openings and overall employment. The Fed has been weighing a slowing job market against risks for rising inflation as it decides whether to cut interest rates. It cut its benchmark rate three times late in 2025, but inflation has remained above its 2 per cent target and that has made the Fed more cautious.
Wall Street still expects the Fed to hold rates steady at its upcoming meeting later in January.
_AP, with Bloomberg
