Stock Market Live January 5, 2026: S&P 500 (SPY) at Higher Highs

As we get into the new year, the major indices are still exploding higher.

The S&P 500 is up 30 points. The SPDR S&P 500 (SPY) is up just over three points. The Dow Jones is up 86 points, as the Nasdaq soars 222 points. Gold prices are up $93 in reaction. Silver is up about $3.50. Even energy stocks are pushing higher on speculation that they’ll benefit from rebuilding Venezuela’s oil infrastructure.

Chevron (NYSE: CVX) is $11 higher because it’s seen as the biggest beneficiary, thanks to its existing presence in Venezuela.

In addition, the capture of Venezuela’s leader, Nicolas Maduro, and his wife Cilia Flores, is not having a big impact on markets because it’s not likely to lead to a full-scale fight.

As noted by analysts at Evercore ISI, “This is a significant geopolitical event though unlikely to be a major near-term market-mover,” as quoted by CNBC. “For now, investors are left to navigate a now-familiar landscape of Trump’s likely purposeful ambiguity around his next steps.”

Goldman Sachs Just Turned Bullish on Coinbase 

Shares of Coinbase (NASDAQ: COIN) are up $12 a share.

All after Goldman Sachs upgraded the stock to a buy rating with a $303 price target. The firm cited that COIN’s underperformance has opened an attractive opportunity. It also noted that higher valuation should occur over time as COIN shifts from cyclical to structural growth.

Analysts at Mizuho just advised buying the dip in Costco (NASDAQ: COST). The firm now has an outperform rating on COST with a price target of $1,000 from $950 a share.

Analysts at Evercore ISI just reiterated an outperform rating on Amazon (NASDAQ: AMZN), noting that it likes the tech giant’s AI-powered assistant. “We reiterate our Outperform and $335 PT on AMZN in the wake of our deep-dive analysis into Rufus, Amazon’s AI-powered shopping assistant,” they said, as quoted by CNBC.