Market Pulse

Index	Last Week	1-Month (Trailing)	YTD
DJIA	−0.40%	+0.85%	+1.49%
S&P 500	+0.21%	+0.49%	+1.24%
Nasdaq	−0.45%	−0.10%	+0.66%
Russell 2000	−1.99%	+4.61%	+5.40%
MSCI EAFE	+0.89%	+4.58%	+5.03%
MSCI EM	+0.20%	+7.85%	+8.19%
Bloomberg U.S. Agg	−0.20%	−0.20%	+0.00%
Bloomberg U.S. Corp HY	+0.20%	+2.00%	+0.70%

Data as of: Friday, January 30, 2026, 4:00 p.m. ET

See important disclosures below.

01/26/2026 - 01/30/2026

U.S. Economy

• Durable-goods orders jumped 5.3 percent in November

• Trump nominated Kevin Warsh while shutdown risk resurfaced

Equity Market

• S&P 500 rose 0.3 percent and briefly topped 7,000

• Russell 2000 fell 2.1 percent as small caps lagged

Bond Market

• 10 year Treasury yield ended the week near 4.26 percent

• U.S. Aggregate flat while high yield declined 0.2 percent

Around the Globe

• MSCI EAFE gained 1.6 percent outperforming U.S. stocks

• WTI oil rose 6.9 percent while gold fell 5.4 percent

The Week Ahead…

02/02/2026 - 02/06/2026

• Mon

  • ISM Manufacturing (Jan)

  • Construction Spending (Dec)

  • Walt Disney, Palantir Technologies, Tyson Foods, NXP Semiconductors, Simon Property Group

• Tue

  • JOLTS job openings (Dec)

  • Domestic vehicle sales (Jan)

  • Advanced Micro Devices, Pfizer, PayPal, PepsiCo, Electronic Arts

• Wed

  • ADP employment (Jan)

  • ISM Services (Jan)

  • Alphabet, Uber, Eli Lilly, AbbVie

• Thu

  • Initial jobless claims (Jan)

  • Productivity and Costs (Q4)

  • Amazon, Qualcomm, ConocoPhillips, Estée Lauder, Rockwell Automation

• Fri

  • Employment Situation (Jan)

  • AutoNation, Philip Morris, Biogen, Under Armour

The upcoming week is front-loaded with key economic data that will help shape expectations for growth and monetary policy. Monday’s ISM Manufacturing report and December construction spending will offer an updated read on industrial momentum following a choppy start to the year. On Tuesday, investors will focus on JOLTS job openings and January vehicle sales for signals on labor demand and consumer activity, while ADP employment and ISM Services midweek will provide additional insight into hiring trends and service-sector resilience.

Friday’s January Employment Situation report is the focal point of the week, with markets watching wage growth and labor participation closely for implications on inflation and the Fed’s policy path. Weekly jobless claims and fourth-quarter productivity data on Thursday will add further color on labor market tightness and efficiency trends.

Earnings season remains active, with results from several large, well-known companies across technology, consumer, healthcare, and energy sectors. Collectively, these reports should help clarify profit trends, margin pressures, and corporate confidence as markets move deeper into 2026.

-Matt Shaw, CFA

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This report and the opinions provided herein are for informational purposes only, are not a solicitation, and should not be considered investment advice or a recommendation to buy, sell, or hold any particular security or investment. All opinions expressed herein constitute the author’s judgement as of the date of this document and are subject to change without notice. Statements made are not facts, including statements regarding trends, market conditions and the experience or expertise of author are based on current expectations, estimates, opinions and/or beliefs. Such statements are not facts and involve known and unknown risks, uncertainties and other factors. Past events and trends do not predict or guarantee or indicate future events or results. Information cited in this report has been drawn from sources believed to be reliable and was captured at a point in time. Therefore, the data is subject to change and its accuracy is not guaranteed. DJIA, S&P, Russell 2000, and NASDAQ indices are referenced directly; MSCI EAFE, MSCI EM, BB U.S. Aggregate, Bloomberg U.S. Corp. HY, and all sector figures refer to the respective ETFs as a representative figure. Ategenos Capital, LLC d/b/a AC Wealth Partners does not own or control and is not affiliated with any third-party content provided via hyperlink, quoted, or cited herein. Investors seeking more information should contact their financial advisor. Investing involves risk, including the possible loss of principal. It is not possible to invest directly in an index. Past performance does not guarantee future results. AC Wealth Partners is an investment adviser registered with the SEC. SEC registration does not imply any specific level of training or skill.