(Jan 28): The S&P 500 breached the 7,000-point mark for the first time on Wednesday, driven by unrelenting optimism over artificial intelligence (AI) and expectations of strong Big Tech earnings as well as monetary policy easing. It took about three years for the S&P 500 to rise to 5,000 points from 4,000, but only about nine months to jump from 5,000 to 6,000, which it reached in November 2024. Technology stocks account for nearly 50% of the S&P 500. The Fed is, however, widely expected to hold interest rates at its meeting later in the day. The S&P 500 has rebounded nearly 45% from its lows in April 2025, when US President Donald Trump's tariffs had roiled global markets.

Source: The Edge Markets January 28, 2026 15:23 UTC