Today's Stock Market News & Events: 1/5/2021

Today's market-moving economic data and earnings schedule

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You wouldn't have guessed it from the first hour of trading yesterday, but the day ended up being a disappointing start to 2021. After record-breaking sessions across the board on the final day of last year, Monday's session was quite the letdown. The Dow Jones Industrial Average (DJI - 30,223.89) lost 382.6 points on Monday. The S&P 500 Index (SPX - 3,700.65) lost 55.4 points and the Nasdaq Composite (IXIC - 12,698.45) dropped off 189.8 points. The Cboe Volatility Index (VIX - 26.97) added 18.6% during yesterday's trading session. 

Georgia runoff elections are capturing investor interest, as the possibility of a Democratic majority sweeping the Senate is seeming more plausible in the wake of reports of President Donald Trump's controversial phone call to the Georgia Secretary of State. 

Today investors can unpack the ISM manufacturing index, as well as motor vehicle sales data. One company will also release their earnings report today.

The first earnings report of the year is slated for release today, January 5:

SMART Global Holdings, Inc. (NASDAQ:SGH -- $38.64) designs and manufactures electronic products focused in memory and computing technology areas. SMART Global will report its first-quarter earnings of 2021 before the bell today.

There were no earnings reports released yesterday on January 4. Earnings season is scheduled to begin picking back up starting today.

The Schaeffer's Investment Research market research analysts just released their 11 top stock picks for '21 in our special report that is completely free to all Schaeffer's readers. To dig into the absolute best stock to buy in 2021,  just fill out this simple form and you will be quickly directed to a full report including Schaeffer's 2021 Top Stock Picks.

Looking ahead to tomorrow, investors can unpack the ISM manufacturing index, as well as motor vehicle sales data. All economic dates listed here are tentative and subject to change.

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