MARKET WRAPS
STOCKS: Stocks rose ahead of key earnings updates and a Federal Reserve meeting.
TREASURYS: Treasury yields fell amid rising risks of a government shutdown related to Immigration and Customs Enforcement shootings in Minneapolis.
FOREX: The U.S. dollar slid against rivals, testing 52-week lows, amid domestic and foreign-policy turmoil.
COMMODITIES: Gold broke past the $5,000-an-ounce barrier as worries about a U.S. government shutdown added fresh fuel to the metal's red-hot rally. Silver futures registered their biggest percentage gain since 1985. Natural gas futures surged due to the winter storm.
HEADLINES
Nvidia Invests $2 Billion in CoreWeave in AI-Factory Collaboration
Nvidia is pouring an additional $2 billion into CoreWeave in a vote of confidence in the artificial-intelligence data-center company that uses Nvidia's chips.
The companies said Monday that they would build new AI factories on Nvidia's computing-platform technology, operated by CoreWeave, with a goal of 5 gigawatts of capacity by 2030. Nvidia also said it would leverage its financial strength to help procure land and power for the projects.
"This expanded collaboration underscores the strength of demand we are seeing across our customer base and the broader market signals as AI systems move into large-scale production," Michael Intrator, chief executive of CoreWeave, said.
Trump's Tariff Threats Designed to Influence Pending USMCA Talks, Canada PM Carney Says
OTTAWA-Canadian Prime Minister Mark Carney said President Trump's tariff threats likely represent some prepositioning ahead of negotiations later this year to renew the U.S.-Mexico-Canada trade pact.
Carney said Monday he expects a robust review of the continental trade pact, known as USMCA, which the Trump administration will lead later this year. Trade analysts expect Trump and his negotiators to push for more concessions from Canada to keep the deal intact.
Trade tension between the U.S.-Canada accelerated over the past week, with Trump and key administration officials criticizing Carney for striking a trade detente with China, America's biggest rival; and for delivering remarks at the World Economic Forum largely viewed as a rebuke of the White House's aggressive bid to use economic and military might for geopolitical goals.
Booz Allen Contracts Canceled by Treasury Department
The Treasury Department canceled all of its contracts with Booz Allen Hamilton in the latest hit the consulting firm has taken from the Trump administration's cuts to government-contract funding.
Shares were down 10% to $91.86.
The Treasury Department on Monday said it currently has 31 contracts with Booz Allen totaling $4.8 million in annual spending and $21 million in total obligations.
Quantum-Computing Company IonQ to Buy Chip Maker SkyWater for $1.8 Billion
Quantum-computing company IonQ struck a deal to buy chip maker SkyWater Technology for $35 a share, or roughly $1.8 billion, executives told The Wall Street Journal.
IonQ Chairman and Chief Executive Officer Niccolo de Masi said the deal builds on enthusiasm from the Trump administration for semiconductor manufacturing and quantum-computing technology in the U.S.
"The tailwinds here are considerable," he said.
Leidos to Buy Kohlberg's Entrust for $2.4 Billion
Leidos Holdings has struck a deal to buy utility consulting and engineering services platform Entrust Solutions Group from private-equity firm Kohlberg & Co. for about $2.4 billion in cash.
Leidos, a Reston, Va., provider of services and solutions to government and commercial customers, on Monday said the acquisition of Entrust, with estimated 2026 revenue of about $650 million, will add new capabilities and effectively double the size of its energy-infrastructure-engineering business.
Entrust, which has more than 3,100 employees in more than 40 locations across North America, serves the utility and infrastructure end markets.
U.S. Government Investing $1.6 Billion in Mining Company USA Rare Earth
The federal government has moved to inject $1.6 billion into USA Rare Earth, the latest move by the Trump administration to shore up the domestic supply of rare-earth minerals.
The rare-earth metal producer said Monday that the nonbinding letter of intent from the Commerce Department's CHIPS Program would cover a proposed $1.3 billion senior secured loan, alongside $277 million in proposed federal funding.
Shares of USA Rare Earth were up 16% to $28.63 in premarket trading Monday.
Lands' End, WHP Global Form Joint Venture
Lands' End agreed to form a joint venture with brand management and acquisition company WHP Global in a deal that will provide the apparel company with $300 million in cash.
As part of the arrangement, Lands' End will contribute all of its intellectual property in exchange for royalty payments. The license agreement will have guaranteed minimum royalty payments per year starting at $50 million for the first year.
WHP Global will also offer to buy up to $100 million of Lands' End shares at a price per share of $45.
Bob's Discount Furniture IPO Terms Could Send Market Cap Toward $2.5 Billion
Bob's Discount Furniture unveiled terms of a planned initial public offering that could give the furniture retailer an initial market capitalization approaching $2.5 billion.
Bob's, which is owned by private-equity firm Bain Capital, on Monday said it plans to sell 19.45 million shares at between $17 and $19 apiece in the IPO.
TALKING POINT 'Gray Divorce' Is Speeding Up the Great Wealth Transfer: How Advisors Can Meet the Moment
The great wealth transfer is often framed as a function of longevity and inheritance: baby boomers aging, assets passing at death, and women ultimately controlling more wealth because they outlive men.
But that doesn't take into account the phenomenon of gray divorce. Even as the U.S. divorce rate has declined over previous decades, the rate of married couples splitting up after age 50 has skyrocketed, doubling between 1990 and 2010, according to research from Bowling Green State University, and tripling among couples 65 and older from 1990 to 2015, according to Pew Research Center.
Gray divorce accelerates the moment when women in their 50s and 60s become wealth holders and decision makers as opposed to future inheritors. Long-term marriages can include joint accounts, outdated estate plans, and concentrated investment positions. Gray divorce unlocks these assets, creating liquidity, forcing portfolio restructuring, and requiring a more active management style.
Advisors who understand this dynamic can better serve Gen X and baby boomer clients while helping to ensure the long-term growth of their practices.
Not willing to settle. Studies have found that women are often initiators of gray divorce, with an AARP survey putting the percentage at 66%. I see that dynamic play out consistently in my practice as women clients make a clear-eyed calculation: If they are in an unhealthy or unhappy marriage, they are no longer willing to settle as they wait to outlive their husbands.
Still, the dissolution of a longstanding union is stressful and often painful as retirement accounts are split, homes are sold or divided, investment accounts are retitled, and estate plans are rewritten. Adding to the pressure, gray divorce often coincides with overlapping caregiving responsibilities for women, whether they involve minor children, aging parents, or adult children with failure-to-launch issues or health problems.
As a result, women exiting marriages can become primary decision makers and primary caregivers at the same time. This combination can result in reshaped investment timelines, accelerated gifting, family support, or redistribution strategies.
--Cary Carbonaro, Barron's
Expected Major Events for Tuesday
00:01/UK: Jan Shop Price Monitor
07:45/FRA: Jan Consumer confidence survey
13:55/US: 01/24 Johnson Redbook Retail Sales Index
14:00/US: Nov U.S. Monthly House Price Index
14:00/US: Nov S&P Cotality Case-Shiller Indices
15:00/US: Dec New Residential Sales - To Be Rescheduled
15:00/US: Dec State Employment and Unemployment
15:00/US: Jan Richmond Fed Business Activity Survey
15:00/US: Jan Consumer Confidence Index
18:00/US: Dec Money Stock Measures
21:30/US: API Weekly Statistical Bulletin
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Expected Earnings for Tuesday
AGF Management Ltd - Class B (AGF.B.T) is expected to report $0.47 for 4Q.
American Airlines Group Inc $(AAL)$ is expected to report $0.39 for 4Q.
Applied Industrial Technologies Inc $(AIT)$ is expected to report $2.49 for 2Q.
Auburn National Bancorporation Inc (AUBN) is expected to report for 4Q.
Boeing Co $(BA)$ is expected to report $-0.06 for 4Q.
California BanCorp $(BCAL)$ is expected to report $0.43 for 4Q.
Camden National Corp $(CAC)$ is expected to report $1.32 for 4Q.
Capital City Bank Group Inc (CCBG) is expected to report $0.89 for 4Q.
Central Bancompany Inc (CBCY) is expected to report $0.45 for 4Q.
Coastal Financial Corp (CCB) is expected to report $1.02 for 4Q.
Community Financial System Inc $(CBU)$ is expected to report $1.13 for 4Q.
Commvault Systems Inc $(CVLT)$ is expected to report $0.46 for 3Q.
Eagle Bancorp Montana Inc (EBMT) is expected to report $0.48 for 4Q.
Farmers & Merchants Bancorp Inc $(FMAO)$ is expected to report $0.66 for 4Q.
General Motors Co (GM,GMM.U-T) is expected to report $1.87 for 4Q.
HCA Healthcare Inc $(HCA)$ is expected to report $7.43 for 4Q.
Heartland Express Inc $(HTLD)$ is expected to report $-0.11 for 4Q.
Hope Bancorp Inc $(HOPE)$ is expected to report $0.25 for 4Q.
INVESCO Ltd (IVZ,IVZ-LN) is expected to report $0.55 for 4Q.
JetBlue Airways Corp $(JBLU)$ is expected to report $-0.45 for 4Q.
Kimberly-Clark Corp $(KMB)$ is expected to report $1.44 for 4Q.
Metro Inc (MRU.T,MTRAF) is expected to report $1.16 for 1Q.
MetroCity Bankshares Inc (MCBS) is expected to report $0.67 for 4Q.
NextEra Energy Inc $(NEE)$ is expected to report $0.57 for 4Q.
Northeast Community Bancorp Inc (NECB) is expected to report $0.85 for 4Q.
Northrop Grumman Corp $(NOC)$ is expected to report $7.03 for 4Q.
Paccar Inc $(PCAR)$ is expected to report $1.05 for 4Q.
Polaris Inc $(PII)$ is expected to report $0.03 for 4Q.
Popular Inc $(BPOP)$ is expected to report $3.04 for 4Q.
Provident Financial Holdings Inc (PROV) is expected to report $0.35 for 2Q.
RTX Corp $(RTX)$ is expected to report $1.14 for 4Q.
Roper Technologies Inc $(ROP)$ is expected to report $3.62 for 4Q.
Seagate Technology Holdings PLC $(STX)$ is expected to report $2.56 for 2Q.
Summit State Bank (SSBI) is expected to report for 4Q.
Synchrony Financial (SYF) is expected to report $2.04 for 4Q.
Sysco Corp $(SYY)$ is expected to report $0.97 for 2Q.
Union Pacific Corp $(UNP)$ is expected to report $2.85 for 4Q.
United Parcel Service Inc - Class B (UPS) is expected to report $2.18 for 4Q.
UnitedHealth Group Inc $(UNH)$ is expected to report $1.72 for 4Q.
World Acceptance Corp $(WRLD)$ is expected to report $0.76 for 3Q.
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(END) Dow Jones Newswires
January 26, 2026 16:37 ET (21:37 GMT)
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