US EditionS&P 500 Hits 7,000 For First Time—Boosted By Tech Stocks
Big tech companies like Nvidia and Apple have driven a 350% earnings per share growth since 2000, pushing the S&P 500 above 7,000 despite weaker economic indicators.
- At the New York open on Jan 28, the S&P 500 index briefly rose to 7,001 before gains pared back to about 0.2% below 7,000, driven by AI optimism and tech earnings hopes.
- Expectations of Fed easing and strong tech results buoyed risk appetite, driven by artificial intelligence optimism and Big Tech earnings expectations.
- Big-Cap tech dominance has meant Nvidia's 227,000% growth surge and four firms exceeding $4 trillion in valuation have driven S&P 500 gains, driven by AI optimism and earnings expectations.
- Despite stock gains, the broader economy has deteriorated, while the S&P 500 rebounded nearly 45% from its lows last year and nears a sixth consecutive day of gains.
- Looking to earnings, tech profits are forecast to rise about 27%, with 15.5 profit growth for S&P 500 companies in 2026, according to analysts.
13 Articles
13 Articles
S&P 500 breaches 7,000 points for the first time, lifted by AI optimism
The S&P 500 breached the 7,000-point mark for the first time on Wednesday, driven by unrelenting optimism over artificial intelligence and expectations of strong Big Tech earnings as well as monetary policy easing.
New York, Jan 28 (EFE).- Wall Street opened this Wednesday in green and the S&P 500, index of the 500 U.S. giants, rubbed the 7,000 points for the first time in history, awaiting the meeting of the Federal Reserve (Fed), the first of the year, where interest rates are expected to be maintained. Twelve minutes after opening in the New York Park, the Dow Jones grew by 0.06%, up to 49,034 integers; the selective S&P 500 earned 0.28%, up to 6,997 un…
S&P 500 Climbs Above 7,000 as Stocks Rally Broadens Beyond Tech
The S&P 500 Index rose past 7,000 points for the first time as investors bid up technology stocks ahead of a closely watched Federal Reserve rate decision and earnings from a trio of Magnificent Seven firms.
The Paris Stock Exchange falls by over 1% ● European chip stocks jump ● The Kospi jumped by about 1.7% to a new all-time high ● The S&P 500 rose to a new record yesterday, led by technology stocks ● The dollar weakened globally to its lowest level in about four years ● Microsoft, Meta and Tesla will publish reports today, the Federal Reserve will announce the interest rate decision
S&P 500 Hits 7,000 In Latest Milestone
The post S&P 500 Hits 7,000 In Latest Milestone appeared on BitcoinEthereumNews.com. Topline The S&P 500 surpassed 7,000 points as trading opened Wednesday, the latest milestone for the nearly 70-year-old index as big tech has boosted the market in recent years. The index, tracking the largest American companies, is fueled by big tech’s skyrocketing growth. AFP via Getty Images Key Facts The S&P 500 briefly rose to 7,001 shortly after trading co…
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