Stocks Closing in on Major Milestones | Closing Bell

Watch on YouTube ↗  |  January 06, 2026 at 22:52  |  6:24  |  Bloomberg Markets
Speakers
Carol Massar — Anchor, Bloomberg
Romaine Bostick — Anchor, Bloomberg

Summary

U.S. stocks closed higher with the S&P 500 and Dow at record highs, led by cyclicals, mid-caps, and small caps. Memory and storage chip stocks surged after Nvidia CEO Jensen Huang called the market unserved, while data-center cooling stocks fell on comments that Rubin chips may not need water chillers. Equifax dropped on FHFA pricing criticism, Mobileye announced a $900 million acquisition of Mentee, and Treasury yields steepened as investors anticipated more Fed rate cuts.

  • S&P 500 and Dow closed at record highs.
  • Cyclicals, mid-caps, transports, and Russell 2000 outperformed.
  • Memory/storage chip stocks surged on Nvidia CEO comments.
  • Cooling system makers fell on Rubin chip cooling comments.
  • Equifax fell after FHFA criticized credit bureau pricing.
  • Mobileye agreed to buy Mentee for $900 million.
  • Treasury yield curve steepened, signaling expected Fed rate cuts.
Ideas
Carol Massar Anchor, Bloomberg 2:57
Memory storage market unserved; chip stocks rally.
Nvidia CEO Jensen Huang described the memory/storage chip market as unserved, fueling sharp gains in SanDisk, Western Digital, Micron, and Seagate, which were among the top S&P 500 performers and leading the market higher.
SNDK WDC MU STX MED
Romaine Bostick Anchor, Bloomberg 4:22
Rubin cooling threatens chiller demand.
Nvidia CEO Jensen Huang said the next-generation Rubin chips can be cooled with water at a temperature that does not require a water chiller, raising fears about data-center demand for cooling products and driving shares of Johnson Controls, Modine Manufacturing, and Carrier Global sharply lower.
JCI MOD CARR MED
Romaine Bostick Anchor, Bloomberg 5:56
Curve steepening signals coming Fed rate cuts.
The 10-year Treasury yield reached its highest level relative to 2-year rates in almost nine months, which he interpreted as a signal that investors are anticipating more Fed rate cuts starting at the January meeting.
2s10s Treasury yield curve MED
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This Bloomberg Markets video, published January 06, 2026, features Carol Massar, Romaine Bostick discussing SNDK, WDC, MU, STX, JCI, MOD, CARR, 2s10s Treasury yield curve. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Carol Massar, Romaine Bostick  · Tickers: SNDK, WDC, MU, STX, JCI, MOD, CARR, 2s10s Treasury yield curve