Newscasts - Major US stock indexes close mostly up on first trading day of 2026

Ulta Beauty

02/01/2026 23:45

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Source: 'Reuters - Business videos'

Description: The Dow and S&P 500 rose fractionally while the Nasdaq Composite was little changed to begin trading in 2026. Alex Cohen has more.

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Video Transcript:

US stocks finished mixed on the first trading day of 2026. The Dow rose 0.66% while the S&P 500 added 0.2% and the NASDAQ was little changed. Gains in chipmakers like NVIDIA were offset by losses in Tesla. The electric carmaker’s shares fell about 2.5% after it posted its second straight year of declining sales in 2025. Last year, the Dow, the S&P 500, and the NASDAQ all notched double-digit gains. The third straight year in the green, a run last seen during 2019 to 2021. Technology stocks boosted the NASDAQ more than 20% and Alex Giuliano, Chief Investment Strategist with Resonate Wealth Partners, says that has made them expensive and investors should look to other sectors for opportunities.

Valuations in different corners of the market, whether it's value or international stock opportunities can complement quite nicely some of the trends we've seen with the AI narrative. And if you're concerned about where the AI narrative has taken you, especially with valuations being where they are, you don't necessarily have to chase that with new money or the dividends that you're reinvesting. It's a great opportunity to look at other corners of the market.

Another stock on the move today was Ulta Beauty, which added 2.5% after broker Argus Research increased its price target. It says the retailer continues to grow despite a softer industry backdrop as the company gains market share through innovation and exclusive product launches.