Pre-Market Stock Futures:
The futures are trading modestly higher as we get set to wrap up the first complete trading week of 2026, which could finish with a bang today. With market-moving data on the way this morning in the form of the December non-farm payrolls report, and a slew of economic reports plus the start of fourth-quarter earnings next week, as large-cap money center banks report, the next move for the market could be data-dependent. After getting blasted on Wednesday, the Dow Jones Industrials returned to the winners’ circle, gaining 0.55% to finish the session at 49,266, while the S&P 500 closed the day at 6,921, up 0.53%. The Nasdaq fell 0.44% to close at 23,480, as both NVIDIA Corp. (NASDAQ: NVDA) | NVDA Price Prediction and the tech-heavy Invesco QQQ Trust (NASDAQ: QQQ) finished the day lower. Profit-taking and worries about lofty valuations in the AI/Data center trade are weighing on investors. The big winner once again was the Russell 2000 (Exchange: RUT), as the rotation to small and mid-cap stocks continues to gain steam; the index closed up 1.11% at 2,603.
Treasury Bonds:
Yields were higher across the Treasury curve as sellers were active in almost all maturities, except for short T-bills, which saw some buying. Wall Street analysts pointed to the potential for an expansion of the nation’s debt as President Trump seeks $1.5 trillion for the 2027 military budget. This increases trader and investor concerns over the already high national debt. In addition, markets were skeptical that the proposed tariffs could fully fund the additional spending, which led to selling pressure on Treasuries. We will find out today how the Supreme Court will vote on the current tariff program. The 30-year-long bond closed the day at 4.84%, and the benchmark 10-year note was last seen at 4.17%.
Oil and Gas:
Prices shot higher across the energy complex Thursday as the reality of a changing world oil order could be beginning. Analysts and traders cited the larger-than-expected draw in U.S. crude oil inventories and renewed uncertainty over future Venezuelan supply. The solid draw indicates stronger near-term demand than the market anticipated, helping to offset concerns about ample global supply. Add in the uncertainties over the final destinations and outcomes for Venezuelan oil, and ample short interest in the sector, and the big bounce was no surprise. Brent Crude jumped 4.65% to close at $62.75, while West Texas Intermediate was last seen at $58.44, up 4.38%. The only loss on the day was natural gas, which closed trading at $3.41, down 3.35%.
Gold:
After trading lower on Wednesday, Gold returned to its winning ways on Thursday, while Silver finished the day lower. Traders have cautioned on Silver since the start of the year, and sure enough, the precious metal experienced a significant drop for the second day, falling as much as 5.5% due to index rebalancing selling. Meanwhile, gold steadied, paring earlier losses but remaining modestly higher as traders awaited U.S. payroll data and reacted to a stronger dollar and rising yields. Both metals saw big swings as passive funds adjusted commodity index weights, following strong rallies at the end of 2025, with silver being hit harder by the technical selling. The final print for gold on Thursday came in at 4,477, while silver was last seen at $77.04.
Crypto:
The crypto market experienced a general sector decline, primarily driven by profit-taking, significant outflows from U.S. spot Bitcoin ETFs, and investor caution ahead of key U.S. economic data today and next week. The overall cryptocurrency market capitalization fell by approximately 3.1%. At 8A EST, Bitcoin was trading at $90,331, while Ethereum was trading at $3,082.
24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock.
Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Friday, January 9, 2026.
Upgrades:
- Airbnb Inc. (NASDAQ: ABNB) was upgraded to Equal Weight from Underweight at Barclays, which moved the target price for the shares to $120 from $107.
- Altria Inc. (NYSE: MO) was raised to Buy from Neutral at UBS, which bumped the target price on the Marlboro maker to $63 from $61.
- CrowdStrike Holdings Inc. (NASDAQ: CRWD) Berenberg upgraded the shares to Buy from Hold with a $600 target price.
- Doximity Inc. (NASDAQ: DOCS) was raised to Neutral from Sell at Goldman Sachs, which trimmed the target price for the stock to $49 from $62.
- Southwest Airlines Inc. (NYSE: LUV) was upgraded to Overweight from Underweight at JPMorgan with a $60 target.
Downgrades:
- Adobe Inc. (NASDAQ: ADBE) was downgraded to Market Perform from Outperform at BMO Capital, which trimmed the target price to $375 from $400.
- America Tower Corp. (NYSE: AMT) was downgraded to Market Perform from Outperform at BMO Capital, which cut the target price for the shares to $185 from $210.
- GE Vernova Inc. (NYSE: GEV) was cut to Neutral from Outperform at Baird, which slashed the target price for the company to $649 from $816.
- Northrop Grumman Inc. (NYSE: NOC) was downgraded to Hold from Buy at Truist with a $623 target price objective.
- Zillow Group Inc. (NASDAQ: ZG) was downgraded to Neutral from Outperform at Mizuho, which cut the target price to $70 from $100.
Initiations:
- Autodesk Inc. (NASDAQ: ADSK) was initiated with a Buy rating at Rothschild & Co. Redburn with a $375 target price.
- Chipotle Mexican Grill Inc. (NYSE: CMG) was initiated with an Outperform rating at Telsey Advisory with a $50 target price.
- Constellation Energy Corp. (NYSE: CEG) was started with a Buy rating at TD Cowen and a $440 target.
- Flutter Entertainment plc. (NYSE: FLUT) was initiated with a Buy rating at Texas Capital, with a $294 target price.
- Robinhood Markets Inc. (NASDAQ: HOOD) was initiated with a Buy rating at Argus with a $145 target price.
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