S&P 500 Nears 7,000 Mark Amid Tech Rally, AI Boom

Business
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Moneycontrol•28-01-2026, 17:06
S&P 500 Nears 7,000 Mark Amid Tech Rally, AI Boom
- •Technology stocks, fueled by ASML's strong orders and AI trade, propelled global indexes higher.
- •Nasdaq 100 futures rose 0.9%, nearing its October record, while S&P 500 contracts pointed towards 7,000.
- •ASML Holding NV surged over 5% on better-than-expected fourth-quarter bookings, boosting tech sentiment.
- •SoftBank Group Corp. is in talks to invest $30 billion in OpenAI, and SK Hynix Inc. saw profit rise due to memory demand.
- •Investors await the Federal Reserve's policy decision and earnings from Microsoft, Tesla, and Meta Platforms.
Why It Matters: Tech-driven rally pushes S&P 500 towards 7,000, fueled by AI investments and strong earnings.
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