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Updated Wed, January 28, 2026 astatine 8:42 AM CST 2 min read
US stocks pushed higher connected Wednesday to assistance the S&P 500 (^GSPC) notch a caller precocious arsenic AI commercialized fervor dispersed up of the Federal Reserve’s latest argumentation determination and net from megacap techs.
The S&P 500 moved up 0.3% to unfastened supra 7,000 for the archetypal time, connected the heels of a grounds close. The tech-heavy Nasdaq Composite (^IXIC) climbed astir 0.6%, portion the Dow Jones Industrial Average (^DJI) hovered supra the level line.
DJI - Free Realtime Quote USD
49,012.66 +9.25 (+0.02%)
As of 9:50:10 AM EST. Market Open.
^DJI ^IXIC ^GSPC
Techs are buoying markets again arsenic a astonishment grounds surge successful orders for ASML's (ASML) chipmaking machines stoked optimism for a long-lasting AI boom. Shares successful ASML popped, arsenic did those successful AI bellwether Nvidia (NVDA) and TSMC (TSM), which trust connected the Dutch company's cogwheel to nutrient chips.
That has turned up absorption connected net from Microsoft (MSFT) and Meta Platforms (META), which person invested heavy successful an AI-focused information halfway buildout underpinned by those chips. The tech giants are scheduled to study results aft the marketplace close, alongside chap "Magnificent Seven" megacap Tesla (TSLA). The reports sets the signifier for Apple's (AAPL) quarterly update connected Thursday.
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Investors are besides bracing for the Fed's archetypal interest-rate determination of the twelvemonth astatine the extremity of its two-day gathering later. It's expected to permission rates unchanged successful a scope of 3.5% to 3.75%, putting the spotlight connected Chair Jerome Powell’s property league comments for clues to aboriginal cuts. Markets are presently pricing successful 2 quarter-point complaint cuts by the extremity of 2026, according to CME FedWatch.
The caller slump successful the dollar (DX-Y.NYB) could reshape those complaint bets, fixed imaginable risks of a agelong diminution to the economy. The US currency was unchangeable aboriginal Wednesday, aft sinking to its lowest level since 2022 connected Tuesday aft President Trump brushed disconnected the deepest driblet successful the dollar since his sweeping tariffs launched.
The complaint determination besides comes amid a play of governmental hostility for the cardinal bank, arsenic the Trump medication successful caller weeks opened a transgression probe against Powell implicit his Senate grounds astir renovations of the cardinal bank’s headquarters. Markets are besides watching for President Trump to denote Powell's successor, which Trump has said could hap immoderate time now.
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S&P 500 crosses 7,000, Nasdaq jumps up of Big Tech earnings
US stocks jumped astatine the marketplace unfastened up of the Federal Reserve's latest argumentation determination connected involvement rates and cardinal net reports from Microsoft (MSFT), Meta (META), and Tesla (TSLA).
The S&P 500 moved up 0.3% to unfastened supra 7,000 for the archetypal time, connected the heels of an all-time closing high. The tech-heavy Nasdaq Composite (^IXIC) climbed astir 0.6%, portion the Dow Jones Industrial Average (^DJI) hovered supra the level line.
DJI - Free Realtime Quote USD
49,012.66 +9.25 (+0.02%)
As of 9:50:10 AM EST. Market Open.
^DJI ^IXIC ^GSPC
Starbucks posts archetypal 4th of US income maturation successful 2 years arsenic turnaround continues
Amazon to laic disconnected 16,000 employees, pursuing plans to shutter Amazon Go and Amazon Fresh stores
Amazon (AMZN) is making large cuts to it workforce — again.
The e-commerce elephantine announced plans to destruct 16,000 roles. Amazon enforcement Beth Galetti said successful a blog station Wednesday greeting that the cuts are intended to trim layers, summation ownership, and trim bureaucracy.
Last October, Amazon shared plans to chopped its workforce by astir 14,000. Galetti said connected Wednesday that this is not portion of a larger simplification to its workforce, emphasizing plans to proceed to prosecute and "invest successful strategical areas and functions that are captious to our future."
"Some of you mightiness inquire if this is the opening of a caller bushed — wherever we denote wide reductions each fewer months. That’s not our plan," she wrote.
The cuts travel aft CEO Andy Jassy said successful precocious 2024 that helium wanted the institution to "operate similar the world's largest startup."
Amazon's banal ticked higher up of the marketplace unfastened connected Wednesday.
This announcement besides comes aft the institution announced plans to adjacent its Amazon Fresh and Amazon Go stores to absorption connected transportation services and expanding Whole Foods, which Amazon acquired successful 2017.
"While we've seen encouraging signals successful our Amazon-branded carnal market stores, we haven't yet created a genuinely distinctive lawsuit acquisition with the close economical exemplary needed for large-scale expansion," the institution said successful the release.
According to sources adjacent to the matter, Amazon plans to measure each store to spot which locations tin beryllium converted into Whole Foods stores.
AT&T bets connected fiber, spectrum deals to forecast yearly nett supra expectations
AT&T's (T) banal roseate 4% during premarket hours connected Wednesday aft forecasting yearly nett supra analysts' estimates. AT&T is betting connected its wireless and fibre web expansion, which would let the institution to instrumentality vantage of the increasing 5G and high-speed net demand.
Reuters reports:
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Elevance forecasts 2026 nett beneath estimates connected elevated aesculapian costs
Elevance Health (ELV) banal fell 5% earlier the doorbell connected Wednesday pursuing a 2026 forecast for nett falling beneath Wall Street estimates.
The wellness insurer said it expects higher aesculapian costs to persist into the year.
Reuters reports:
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Dollar pauses aft sinking to 4-year debased aft Trump brushes disconnected concerns astir slump
The dollar (DX-Y.NYB) deed intermission aft dropping to its lowest level since 2022 connected Tuesday arsenic President Trump said helium wasn't acrophobic astir the caller descent successful the US currency.
Early Wednesday, the greenback traded small changed against a handbasket of different large currencies. But immoderate Wall Street analysts warned the losses could go deeper and long-lasting.
96.19 -0.03 (-0.03%)
As of 9:40:09 AM EST. Market Open.
From Bloomberg:
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ASML banal rises aft grounds orders smash estimates arsenic AI spurs demand
ASML (ASML) US-listed shares climbed implicit 5% earlier the doorbell pursuing a crisp leap successful orders for its chipmaking equipment, stoked by Big Tech's large AI buildout push.
From Bloomberg:
ASML Holding's orders successful the 4th fourth acold exceeded analysts’ expectations, arsenic the accelerated improvement of artificial quality infrastructure boosted request for its cutting-edge chip-making machines.
Bookings successful the 4th fourth were a grounds €13.2 cardinal ($15.8 billion), driven by request for its astir blase equipment, the Veldhoven, Netherlands-based institution said successful a connection connected Wednesday. That compares with an mean expert estimation of €6.85 billion, according to information compiled by Bloomberg.
NasdaqGS - Nasdaq Real Time Price USD
1,457.76 +3.17 (+0.22%)
As of 9:50:08 AM EST. Market Open.
ASML is the lone shaper of cutting-edge lithography machines that are needed to marque precocious semiconductors, and counts each the starring spot manufacturers arsenic customers, including Taiwan Semiconductor Manufacturing (TSM) and Intel (INTC).
Its machinery is integral to producing the Nvidia (NVDA) AI accelerators that are the backbone for grooming and moving AI models successful information centers. The Dutch company’s bookings are 1 awesome of chipmakers’ assurance successful aboriginal AI demand.
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Premarket trending tickers: Seagate, Softbank, and Texas Instruments
Seagate (STX) banal roseate 9% earlier the doorbell connected Wednesday aft forecasting 3rd 4th gross and nett supra Wall Street estimates. The information retention institution said it had benefited from beardown request for its information retention devices.
Softbank (9984.T) Tokyo shares roseate much than 3% during premarket hours connected Wednesday. Softbank is said to beryllium successful talks to put an further $30 cardinal successful OpenAI (OPAI.PVT). The Japanese institution is 1 of OpenAI's biggest investors.
Texas Instruments (TXN) banal roseate 7% earlier the doorbell connected Wednesday aft forecasting higher gross successful the 4th ahead.
Musk aiming for mid-June SpaceX IPO astatine $1.5 trillion valuation
The FT reports:
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Texas Instruments banal pops successful after-hours commercialized arsenic analog spot request rises
Bloomberg reports:
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