Stock Bull Run Stalls After Trump Tirade; Bonds Up: Markets Wrap

Goldman Says Europe Stocks to Benefit as US Investors Diversify

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By Cristin Flanagan and Andre Janse Van Vuuren

January 6, 2026 at 10:40 PM UTC

Updated on

January 7, 2026 at 9:23 PM UTC

Wall Street optimism faded as traders digested mixed economic data and took stock of shifting geopolitical risks amid a flurry of social media posts from the US President. Yields fell across the globe.

The S&P 500 Index slid 0.3% after notching its second intraday record of 2026 on Wednesday while the Nasdaq 100 struggled to hold onto a small gain. Stocks lost their edge after posts from President Donald Trump sent homebuilders and defense contractors tumbling. Valero Energy Corp. led shares of refiners higher after Trump said Venezuela would turn over millions of barrels of oil to the US.