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S&P 500 reaches record high as AI trade returns
AI-related buying boosted tech stocks including Nvidia, while US investment-grade bond issuance hit a record $72 billion in the first two days of 2026, Bloomberg data shows.
- On January 7, 2026, the S&P 500 Index recorded its second intraday high of 2026 as the Nasdaq 100 climbed 0.3%, led by big technology names.
- Investor interest in AI exposure, aided by chipmakers' forecasts, rose as Nvidia Corp. reported stronger demand and Baidu Inc.'s artificial-intelligence chip unit plans a $2 billion Hong Kong IPO, while the yield on 10-year notes fell to 4.14% amid optimism over earnings and inflation.
- Issuance in the US investment-grade bond market topped $72 billion, lifting liquidity, while silver fell below $80 an ounce and gold ended its three-day streak; Adam Crisafulli said `the underlying price action is poor`.
- Reacting to fresh data, ADP Research showed December hiring rose moderately, signalling sluggish momentum, while swaps traders' expectations of two quarter-point cuts for 2026 focus attention on Friday's December nonfarm payrolls report.
- Amid geopolitical strain, markets stayed optimistic despite China-Japan tensions and US forces seizing a Venezuela-linked ship while Valero Energy Corp. surged after President Donald Trump’s oil comments.
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Associated Press News+7 Reposted by 7 other sources
Wall Street's strong start to the year slows as stocks drift
Wall Street’s hot start to the year is cooling a bit. The S&P 500 rose 0.3% Wednesday from its latest all-time high, but most of the index was actually losing ground.
·United States
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Total News Sources30
Leaning Left12Leaning Right0Center13Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 48%
C 52%
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