LIVE MARKETS-Green Monday: US stocks rise, Dow sets record intraday high

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GREEN MONDAY: US STOCKS RISE, DOW SETS RECORD INTRADAY HIGH

Wall Street began its first full week of 2026 on a positive note, largely ignoring the intensifying geopolitical havoc.

All three major U.S. stock indexes are bright green in early trading, with the blue-chip Dow .DJI touching a record intraday high.

The war machinery business perked up in the aftermath of the U.S. military strike on Venezuela and the capture of its President Nicolas Maduro. The S&P 1500 Aerospace and Defense index .SPCOMAED is advancing 1.6%.

Banks .SPXBK are early outperformers, as are gold and silver miners .XAU, which continue to benefit from precious metals mania.

Commercial airlines .SPCOMAIR are also off to a roaring start, rising 3.1%.

The indexes are showing little reaction to the Institute for Supply Management's weaker-than-expected PMI report, which showed U.S. factory activity contracted at a slightly more accelerated pace than analysts expected in December.

The timing of official economic releases is slowly returning to its usual schedule in the aftermath of last fall's government shutdown, but there's still some catching up to do.

Later this week, market participants can look forward to the Labor Department's November JOLTS report and Q3 labor costs/productivity. The Commerce Department will provide October factory orders and trade balance data, along with housing starts and building permits reports for September and October, all of it culminating with the December employment report expected on Friday.

Non-government data this week includes services PMI, ADP's take on private-sector payrolls, Challenger Gray & Christmas's planned layoffs data, and the University of Michigan's initial take on January consumer sentiment.

Here's where markets stood as of 10:04 a.m. ET:

(Stephen Culp)

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