Wall Street drifts around its record while the dollar’s value stabilizes
AI Summary
On Wednesday, January 28, 2026, Wall Street traded near its record high as the U.S. dollar stabilized after a recent decline. The S&P 500 saw a slight decrease of 0.1%, while the Dow Jones Industrial Average fell marginally. The Nasdaq composite experienced a 0.2% increase. Seagate Technology led gains in the S&P 500 due to strong earnings driven by artificial intelligence applications. Nvidia, a key player in the AI sector, also rose following a positive report from ASML, easing concerns about an AI bubble. Elevance Health rebounded after a previous sell-off, reporting higher-than-expected profits.
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