S&P 500 notches record high close driven by Broadcom, other chipmakers
Fri January 9, 2026 6:16 PM
It was a great day overall with both industrials and tech enjoying handsome 3-digit gains as the chip sector sees AI as getting closer to showing tangible results with the index gaining 2.7% to a record high. Industrials got a boost from employment declining more than expected but accompanied by a decline in unemployment suggesting the job market was not declining too rapidly and thus not change rate cut expectations.
Another boost came from the housing market with Trump’s order to buy mortgage bonds to bring down housing costs, thus boosting that index 5.7% and mortgage lenders jumping between 10 and 20%. An overall benefit to the growth index has resulted from recent moves to shift to underperforming stocks. Volume was again brisk at 17 billion vs the 16.4 average.
DJ: 49,266.11 +270.03 NAS: 23,480.02
-104.26 S&P: 6,921.45 +0.53 1/8
DJ: 49,504.07 +237.96 NAS: 23,671.35
+191.33 S&P: 6,966.28
+44.82 1/9
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