January 26, 2026
Image source: Pexels
The major indexes capped off a second straight stretch of weekly losses as investors digested a wave of geopolitical headlines and navigated what remains an unsettled trading environment to start 2026.
The S&P 500 barely cracked above the flat line by less than 0.1% on Friday, losing 0.4% in total on the week, while the Dow Jones Industrial Average slipped 0.7% for the week.
Despite finishing Friday with a gain of 0.3%, the tech-focused Nasdaq Composite also ended the week in the red, shedding roughly 0.1% overall. Yahoo Finance reports.
💊 Merck no longer in talks to buy Revolution Medicines, Revolution Medicines slides in Pre-Market
Merck is no longer in discussions to buy cancer drug developer Revolution Medicines, the Wall Street Journal reported on Sunday.
The talks cooled after the two sides could not reach an agreement on price, the Journal said, citing people familiar with the matter.
The newspaper said it was possible talks could restart or that another suitor for Revolution Medicines could emerge.
Reuters could not immediately verify the report.
Merck and Revolution Medicines did not immediately respond to requests for comment outside regular business hours. Yahoo Finance reports.
🥇 Gold rises after topping $5,000 for the first time in ‘breathtaking and profoundly scary’ rally
Gold continued to rise on Monday after breaking above $5,000 an ounce earlier than Wall Street expected.
Futures hit the major milestone on Sunday, raising questions about the stunning speed of the rally in precious metals.
Gold’s surge has become a hallmark of the so-called “debasement trade,” with investors buying assets to protect against the erosion of purchasing power amid soaring government debt worldwide.
“The rise in precious metals prices is breathtaking and profoundly scary,” wrote Robin Brooks, senior fellow at the Brookings Institution on Sunday, noting the rise in gold prices is “part of something much bigger.” Yahoo Finance reports.
⛏️ USA Rare Earth rising in Pre-Market as it selects Fluor and WSP as EPCM partners
USA Rare Earth, Inc. today announced the selection of Fluor Corp., along with WSP Global Inc., as its engineering, procurement and construction management partners to advance the definitive feasibility study for the Round Top rare earth project in Sierra Blanca, Texas.
Fluor and WSP are globally recognized leaders in mining, processing, and large-scale infrastructure delivery, with experience executing complex, multi-year projects totaling tens of billions of dollars across North America and internationally.
Their selection, following a thorough evaluation of bids from multiple vendors, brings substantial technical, engineering, and execution capabilities to Round Top, supporting an accelerated and disciplined path toward commercial production. Globe Newswire reports.
🛢️ Battalion Oil Corporation soars in Pre-Market as it announces operational update
Battalion Oil Corporation today announced several operational updates related to its gas treating arrangements and production performance.
The WAT AGI Facility ceased operations on or about August 11, 2025 and remains out of service.
Due to the cessation of operations, Battalion has exercised its contractual rights to terminate the gas treating agreement with WAT. Globe Newswire reports.
🤖 Faraday Future’s ambitious AI expansion gets Wall Street attention
Faraday Future Intelligent Electric founder and global co-CEO YT Jia issued a weekly update on Sunday detailing the company’s pivot toward robotics and recent support from institutional investors.
The California-based electric vehicle ecosystem is expanding its “Dual-Engine EAI” strategy, which integrates artificial intelligence across both its vehicle lineup and a new robotics business. Benzinga reports.
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Stock Analysis reports.
1) BATL: Battalion Oil Corporation
Total gain: +229.69%
2) BNAI: Brand Engagement Network, Inc.
Total gain: +229.31%
3) USAR: USA Rare Earth, Inc.
Total gain: +36.86%
4) NAMM: Namib Minerals
Total gain: +23.87%
5) GORO: Gold Resource Corporation
Total gain: +17.39%
The closing price of the top three market percent gainers trading near or above $3 on January 23.
Stock Analysis reports.
*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time
1) MOVE: Movano Inc.
Total gain: +140.17%
The company announced a long-term GPU lease agreement with an established AI-driven provider of high-performance battery technologies. PR Newswire reports.
2) BNAI: Brand Engagement Network, Inc.
Total gain: +90.30%
The stock appeared to be moving on no notable news.
3) DRCT: Direct Digital Holdings, Inc.
Total gain: +77.92%
The stock appeared to be moving on no notable news.
*Estimate and Actual numbers represent Earnings Per Share in US Dollars
AGNC: AGNC Investment
Q4 2025
After Market Close
Estimate: 0.370
Actual: N/A
CR: Crane Holdings
Q4 2025
After Market Close
Estimate: 1.420
Actual: N/A
WAL: Western Alliance
Q4 2025
After Market Close
Estimate: 2.380
Actual: N/A
Time (ET) / Report / Period
8:30 AM - Durable-goods orders (delayed report) - Nov.
8:30 AM - Durable-goods minus transportation - Nov.
“A trader must observe the crowd before observing price.”
– Honma Munehisa
Sourced in: History of Candlestick Charts – Britannica.
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