Stocks continue to recover from Greenland threats

he S&P 500 continued to climb, but the benchmark index is still lower than it was prior to President Trump's European tariff threats.

Your Evening Briefing January 22, 2026 Stocks continue to recover from Greenland threats The S&P 500 continued to climb, but the benchmark index is still lower than it was prior to President Trump's European tariff threats. Big Tech helped propel stocks higher, with every Mag 7 constituent gaining. The Russell 2000 continued its outperformance streak, beating the S&P 500 for the 14th consecutive session. November PCE, the Fed's preferred inflation gauge, remained in line with economists' forecasts. Stocks that moved higher: Arista Networks ripped amid an upswing in call-buying. Moderna extended its rally on positive cancer vaccine results. Alibaba jumped after a report that the company is planning an IPO for its AI-chipmaking unit. Meta rallied as Jefferies analyst Brent Thill doubled down on his buy rating for the company, calling the stock a relative bargain compared to its Magnificent 7 peers. GameStop jumped after CEO Ryan Cohen purchased another 500,000 shares of company stock, per a filing yesterday. Tesla rose as CEO Elon Musk said in an X post that its Robotaxis are now operating in Austin without a safety monitor. Musk also speculated that the company's Optimus robots will be for sale to the public "by the end of next year." Paramount Skydance ticked higher as it extended the deadline for its hostile Warner Bros. Discovery bid, giving shareholders more time to mull competing offers. Oracle gained as Semafor reported that China and the US have signed off on the sale of TikTok's US operations to a consortium in which the software giant is one of the three leading investors. Stocks that moved lower: POET Technologies tumbled after announcing the pricing of its $150 million direct share offering. Despite beating expectations on sales and EPS and issuing better than expected 2026 guidance, GE Aerospace fell. Abbott Laboratories slumped after reporting a sales miss and disappointing Q1 guidance in its earnings call this morning. Investors just made a mammoth $133 billion flip from cash to stocks, per Goldman Sachs A great rotation from cash to stocks. Read more. Retail traders' monthly appetite for stocks ascends to fresh record "The current 'new year' momentum has been sustained and has now pushed retail activity to an all-time high on a rolling monthly basis," according to JPMorgan. Read more. Goldman Sachs has raised its December 2026 gold price forecast to $5,400 per ounce, up from the previous $4,900 target, citing strong demand from private sector investors using gold as a hedge against global policy risks, according to a note released late Tuesday. Read more.  GameStop moved half its bitcoin, triggering rumors it will dump the asset "Institutions generally keep their long-term holdings in cold storage... You typically only move funds to Prime if you're planning to trade or execute a sale." Waymo is now offering autonomous rides in Miami Waymo is now operational in six US markets. Apple to promote Siri from assistant to chatbot It might seem like just a title change, but it's a big pivot for Apple. Survey: CEOs and workers have wildly different thoughts on AI productivity gains According to the survey, 19% of CEOs said AI saved them more than 12 hours of work per week, but 40% of workers said it saved them no time at all.   XRP spot ETFs on pace to record first ever weekly outflow The price of XRP is trading below the price it was when the investment vehicles were rolled out.  Was this email forwarded to you? Don't miss out on future stories — subscribe to The Wrap and get your daily dose of financial news straight to your inbox.  Craving more insights in your inbox? Subscribe to Chartr and Snacks for quality reads. We care what you think! If you have any feedback or comments, feel free to reply and let us know your thoughts!  Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more Sherwood Terms and Conditions Our Editorial Standards Contact Us Advertise With Us Unsubscribe Privacy Policy SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025