S&P 500 hits 7,000 for first time as Nvidia, Microsoft and AI boom drive market surge

South China Morning PostCenter-RightEN 1 min read 100% complete by ReutersJanuary 28, 2026 at 04:06 PM

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The S&P 500 reached a new milestone on Wednesday, surpassing 7,000 points for the first time. This surge was fueled by growing optimism surrounding artificial intelligence and anticipated strong earnings from major technology companies like Nvidia and Microsoft. The index's rapid ascent reflects increasing investor confidence in the US economy and corporate performance. Technology stocks now comprise nearly half of the S&P 500. Contributing to the positive market sentiment are expectations of future interest rate cuts by the US Federal Reserve, with traders anticipating further reductions in 2026. The S&P 500 was last up 0.3 per cent at 6,999.71 points, heading for its sixth consecutive day of gains.

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Key Player Opposition Context

European Central Bank 50% United States ×260% Alphabet 70% Nvidia 80% Microsoft 80% Sµ P 500 ×490%

Keywords

s&p 500 100% artificial intelligence 90% monetary policy easing 80% big tech earnings 70% market surge 70% interest rate cuts 70% technology stocks 60% us federal reserve 60% investor confidence 60% nvidia 50%