S&P 500 crosses 7,000 ahead of Fed decision, Big Tech earnings
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A screen displays trading of the S&P 500 Index at the New York Stock Exchange (NYSE) in New York City, U.S., January 2, 2026. REUTERS/Jeenah Moon
Jan 28 (Reuters) - The S&P 500 opened at 7,000 mark on Wednesday, while the Nasdaq inched towards a record high, fueled by a gain in chip stocks and as investors geared up for a Federal Reserve rate decision as well as a slew of Big Tech earnings.
At 09:32 a.m. ET, the Dow Jones Industrial Average rose 140.33 points, or 0.29%, to 49,143.74, the S&P 500 gained 22.45 points, or 0.32%, to 7,001.05 and the Nasdaq Composite gained 147.93 points, or 0.62%, to 23,965.03.
(Reporting by Pranav Kashyap in Bangalore; Editing by Krishna Chandra Eluri)
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