Business, Finance & Tech
Dow Surges Near 49,000 as Wall Street Starts 2026 on a Strong Note
Wall Street opened the first full week of trading in 2026 on an optimistic note, with major indexes posting solid gains during Monday’s session at the New York Stock Exchange.
The Dow Jones Industrial Average led the charge, climbing more than 800 points during the trading day and briefly crossing the 49,000 milestone for the first time in its history. While the index slipped just below that level by the time the closing bell rang, it still finished the day with a significant gain.
The Dow closed at 48,977.18, up 594.79 points, or 1.23 percent, marking a strong start to the new year for blue-chip stocks. Investors appeared encouraged by renewed momentum in the markets as trading activity picked up following the holiday period.
Other major indexes also moved higher. The S&P 500 ended the session at 6,902.05, gaining 43.58 points, or 0.64 percent. Meanwhile, the Nasdaq Composite rose 160.19 points to close at 23,395.82, an increase of 0.69 percent.
Market analysts say the gains reflect continued confidence among investors as the new year begins, with attention now turning to upcoming economic data and corporate earnings reports that could shape market direction in the weeks ahead.
Explore: NBCPalmSprings.com, where we are connecting the Valley.
By: CNN Newsource
January 5, 2026
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🎶 60 ARRESTS, BUT NO $48K FINE? Head Trip Music Festival is over, but the aftermath is making headlines. Indio police made 60 arrests during the two-day festival, nearly half for drug possession. Meanwhile, the city is waiving a potential $48,000 fine after Swedish House Mafia played past the midnight curfew — citing weather disruptions that forced Saturday’s festival to shut down early. #Indio #HeadTripFestival #SwedishHouseMafia #CoachellaValley #BreakingNews
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Indio is waiving a potential $48,000 curfew fine for Head Trip Festival promoter Goldenvoice after Swedish House Mafia played until 12:12 a.m. Sunday. City officials say the decision comes after weather disruptions forced Saturday’s festival to shut down early, including the cancellation of Calvin Harris’s set. Harris was added to Sunday’s lineup. #HeadTripFestival #SwedishHouseMafia #CalvinHarris #Indio #CoachellaValley Goldenvoice NBCPalmSpri
Theater season is back in the Coachella Valley! 🎭Check out my review of Joseph and the Amazing Technicolor Dreamcoat at Palm Canyon Theatre. Full review on nbcpalmsprings.com ➡️ Programs ➡️ Mann on the Aisle! #mannontheaisle #palmsprings #palmcanyontheatre #coachellavalley #nbcpalmsprings
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A Level 3 of 4 threat of flooding rainfall has been issued for parts of Southern California to southern Nevada, southwest Utah and northwest Arizona, including San Diego and Las Vegas.
BREAKING NEWS 🚨: Calvin Harris officially rescheduled for Head Trip day 2 #headtripfestival #calvinharris #severeweather #tropicalstorm #indio
Attendees are returning to the Empire Polo Grounds for day 2 of the EDM festival, ‘Head Trip’, after performances were stopped last night due to severe weather. Stay tuned with NBC Palm Springs to see how the weather is affecting festival goers’ plans. #headtripfestival #severeweather #flashfloodalert #760 #nbcpalmsprings