Liz Ann Sonders Re-poster

The most recent #MarketSnapshot video is now available for viewing. In this session, I break down the turbulent activity we have seen recently with #gold and #silver. You can watch the full update here: https://www.schwab.com/learn/story/market-snapshot

For December, the number of job openings decreased to 6.542M, marking the lowest point recorded since 2020. This figure came in below the estimated 7.250M. Additionally, the data for the previous month was updated to 6.928M, a revision downward from 7.15M.

The JOLTS quits rate in December held steady at 2.0%.

Recent labor market statistics show that initial jobless claims have risen to 231k. This outcome is higher than the estimated 212k and exceeds the prior count of 209k. Regarding continuing claims, the current number is 1.844M, which falls short of the 1.850M estimated yet remains above the 1.819 noted previously. Geographically, the largest increases were observed in PA (+5.3k), NY (+3.4k), and MO (+2.6k). In contrast, the most significant decreases were recorded in NE (-2.2k), VA (-1.0k), and OK (-0.9k).

According to @GoldmanSachs, the trajectory of client length held in software stocks, represented by the blue line, is contrasted with the red line for semis. Notably, the supply in software on Tuesday reached the 100th percentile regarding the past five years. Additionally, IGV experienced a record volume day, a significant milestone for an instrument that has been around for 25 years.

I am excited to appear on @SchwabNetwork for #MorningTradeLive this morning. My segment is scheduled to begin at approximately 10:20am ET.

I am delighted to be joining @FerroTV, @lisaabramowicz1, and @annmarie on @bsurveillance. Please tune in to @BloombergTV at approximately 8am ET this morning.

The MA breadth charts have been refreshed to capture the data from yesterday's close.

We have successfully refreshed the performance data. Both the index tables and the Mag7 chart and table now reflect market activity through the close of yesterday's session.

Sector and index performance summary for yesterday and YTD

The proportion of stocks within specific sectors that are achieving new price peaks across distinct timeframes

According to the ISM PMIs for January, employment within the manufacturing sector (blue) is narrowing the distance to the services sector (orange).

According to statistics released by @ADP, small businesses continue to feel the strain. During January, payroll numbers for firms maintaining 20-49 employees decreased, marking the fifth consecutive month that this specific sector has seen a decline.

Persistent price pressures remain a factor for ISM Manufacturing (blue) and Services (orange). Although this is more evident in the Services sector, both have moved higher throughout the past couple of months.

There has been a recent role reversal regarding new orders for the ISM Manufacturing and Services indices. The Manufacturing sector, represented in blue, delivered a robust jump in January. In contrast, the Services sector, shown in orange, trended lower during the same period.

According to recent figures from @Attomdata, Florida held the highest foreclosure rate among all states in 2025. The report points to affordability as a major underlying cause. Specifically, the high price of insurance premiums, property taxes, and overall ownership costs were listed as the primary reasons for this issue. @DataArbor

For January, the ISM Services index held steady at 53.8. This result is unchanged from the prior month but tops the 53.5 estimate. Diving into the details, business activity rose to 57.4 compared to the previous 55.2. However, new orders softened to 53.1 versus 56.5 prior. We also saw employment dip to 50.3 from the prior 51.7.

In our newly released #Insights report, @KevRGordon and I examine the progression of earnings season. We also analyze the price action of stocks immediately following their announcements. Read the full update at https://www.schwab.com/learn/story/earnings-season-update

The January report from @ADP indicates a payroll rise of 22k, falling short of the anticipated 45k estimate. In addition, the reading for the prior period has been adjusted to 37k, representing a downward revision from 41k.

Here is the performance data for sectors and indexes covering yesterday, MTD, and YTD.