Equity markets are kicking off the first full trading week of 2026 with a notable move higher. Despite a contraction in the U.S. manufacturing sector, with the latest PMI data missing expectations at 47.9, investor sentiment remains buoyed by strength in the technology sector and stability in the energy markets. All eyes are on Las Vegas today as a major artificial intelligence address is expected to outline the future of robotics and GPU infrastructure, potentially serving as a significant catalyst for the Nasdaq. In the commodities space, OPEC+ has reaffirmed its decision to pause production increases through the first quarter of 2026, helping to stabilize crude prices. Meanwhile, geopolitical developments and labor disruptions at the Mantoverde copper mine in Chile have sent precious and industrial metals higher, with silver and copper seeing substantial gains. As we look toward the next session, traders should prepare for a heavy slate of services PMI data.