<p>Market Recap: Nasdaq Up 1.06% as Silver Surges 6.12%; Mortgage Rates Fall Below 6% Amid Trump's $200B Bond Buy</p>

The U.S. market closed with a mixed but largely bullish tone on January 9, 2026, as tech-driven optimism and commodity strength offset modest declines in healthcare and financials. The Nasdaq 100 led the charge with a 1.06% gain, while the S&P 500 and Dow futures rose 0.72% and 0.52%, respectively. Commodities shone brightly, with silver surging 6.12% to $79.745 and crude oil up 1.82%. The Federal Reserve’s dovish signals and Trump’s aggressive mortgage rate intervention further fueled risk-on sentiment.

Market Overview

The E-Mini S&P 500 Futures closed at $7,012.25 (+50.25, +0.72%), while the E-Mini Nasdaq 100 Futures hit $25,960.25 (+272.75, +1.06%), reflecting strong tech sector momentum. Energy and materials sectors outperformed, with utilities and consumer staples also rising. However, healthcare (-0.11%) and financials (-0.10%) lagged. Commodities saw broad gains, with silver’s 6.12% jump driven by dollar weakness and speculative buying. The market’s overall tone remained cautiously optimistic, with investors balancing growth hopes against fiscal uncertainties in California and global supply chain shifts.

Hot Stocks

Tech Giants:- Tesla (TSLA): +2.18%- Apple (AAPL): +0.30%- Microsoft (MSFT): +0.32%- Nvidia (NVDA): +0.15%- Meta (META): +0.94%- Alphabet (GOOG): +1.22%

Semiconductors & Tech Innovators:- Sandisk (SNDK): +12.65%- Intel (INTC): +11.15%- Lam Research (LRCX): +8.66%- ASML Holding (ASML): +7.13%- Seagate Technology (STX): +7.17%

EVs & Energy:- Nio (NIO): Not listed in individual movers but highlighted in news- Bloom Energy (BE): +11.06%- Hecla Mining (HL): +6.97%

Other Notable Movers:- Vistra (VST): +11.22%- Revolution Medicines (RVMD): +9.56%- Kratos Defense (KTOS): +9.39%- Rocket Companies (RKT): +9.30%- Credo Technology (CRDO): +8.89%- Lennar (LEN): +8.23%- AST SpaceMobile (ASTS): +8.22%- Oklo (OKLO): +7.78%- D.R. Horton (DHI): +7.32%- Weyerhaeuser (WY): +7.23%- Western Digital (WDC): +6.80<-text2img>a detailed financial chart showing rising biotech stocks with green upward arrows- BridgeBio Pharma (BBIO): +5.41%- Rich Sparkle (ANPA): +227.44% (small-cap outlier)

Macro & Corporate Narrative

1. Trump’s $200B Mortgage Bond Purchase Drives Rates Below 6%

President Trump’s directive to buy $200 billion in mortgage bonds pushed 30-year rates to 5.99%, the lowest since February 2023. This move, coupled with a ban on institutional investors buying single-family homes, boosted homebuilder stocks like Lennar (+7.6%) and Toll Brothers (+8%). The policy aims to address housing affordability, a key issue ahead of midterms.

2. California’s $3B Budget Deficit Amid AI-Driven Revenue Volatility

Governor Newsom’s $348.9B budget proposal faces a $3B deficit despite AI-fueled revenue growth. The state’s reliance on high-income tax volatility and federal funding cuts has raised concerns about Medicaid and public assistance programs. Analysts warn of potential social strain if state funding gaps persist.

3. Nio’s 1Mth Vehicle Production and Global Expansion Plans

Chinese EV maker Nio (NIO) announced plans to scale to 10,000 charging stations by 2030 and achieve 40-50% annual sales growth. Despite narrowing losses, the company’s stock has surged 13.4% year-to-date, reflecting investor confidence in its premium EV strategy and tech ecosystem.

4. Silver’s 6.12% Surge Amid Dollar Weakness

Silver prices spiked on a weaker dollar and speculative index buying, despite bearish supply forecasts from Brazil and India. Citigroup projected $1.2B in sugar futures inflows, but silver’s rally highlighted divergent commodity dynamics.

5. Johnson Controls’ Earnings Preview and Industrial Sector Strength

Johnson Controls (JCI) is set to report Q1 earnings with a 29.7% EPS growth expectation. Its 39.2% YTD rally outperformed the S&P 500, driven by strong HVAC demand and building automation contracts. Analysts maintain a “Moderate Buy” rating with a $133.16 price target.