CNBC Business News Update Market Open: Stocks Higher, S&P 500 Index Hits Fresh Intraday Record, Amazon To Cut 16,000 Jobs 1/28/26
Jan 28, 2026
Joanne Feeney, an Advisors Capital Management investment professional, offers market risk commentary and portfolio positioning advice. She highlights government shutdown and fiscal risks, a weakening dollar, and political headwinds. The conversation also touches on record S&P highs, major corporate layoffs, and a rally in precious metals.
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Markets Open At Record High
- The stock market opened higher with the S&P 500 reaching a fresh intraday record.
- Major indices rose driven by gains in tech names like NVIDIA and recoveries after prior losses.
Position Portfolios For Known Risks
- Position portfolios with risks in mind and don't underestimate ongoing threats, Joanne Feeney warns.
- Prepare for political risks, a potential government shutdown, and a weakening dollar that raises import costs.
Gold And Silver Surge Strongly
- Precious metals surged with gold hitting another intraday high and silver near its record.
- Both metals are on pace for their best months in decades, signaling strong investor demand for safe havens.