Wall Street Closes Higher as S&P 500 Hits All-Time High
Executive Summary
Key insights and market outlook
The major Wall Street indices closed higher on Friday, with the S&P 500 reaching an all-time high driven by gains in technology stocks, particularly Broadcom and other chip manufacturers. The S&P 500 rose 0.65% to 6,966.28, while Nasdaq gained 0.82% to 23,671.35 and Dow Jones Industrial Average increased 0.48% to 49,504.07. Nine of the 11 S&P 500 sector indices were higher, led by materials (1.8%) and utilities (1.24%).
Deep Dive Analysis
Wall Street Closes Higher as S&P 500 Hits All-Time High
Strong Gains in Technology Sector Drive Market
The major Wall Street indices closed higher on Friday, January 9, 2026, with the S&P 500 reaching an all-time high driven by significant gains in technology stocks, particularly Broadcom and other chip manufacturers. The S&P 500 rose 0.65% to close at 6,966.28, while Nasdaq gained 0.82% to end at 23,671.35 and Dow Jones Industrial Average increased 0.48% to 49,504.07.
Sector Performance Highlights
Nine of the 11 S&P 500 sector indices finished higher, led by the materials sector which rose 1.8%, followed by the utilities sector that gained 1.24%. This broad-based rally contributed to the overall positive market sentiment.
Weekly Performance
For the week ending January 9, 2026, the S&P 500 was up 1.6%, Nasdaq rose 1.9%, and Dow Jones Industrial Average gained 2.3%, demonstrating a consistent upward trend across major indices.
Source References
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Key Events
S&P 500 All-Time High
Wall Street Weekly Gains