S&P 500 Hits Historic Milestone, Closing Above 6,975 for the First Time
On Monday, January 12, 2026, the S&P 500 closed above 6,975 for the first time in history, ending the session at a record 6,977.27. This milestone was part of a broader market rally where both the S&P 500 and the Dow Jones Industrial Average set all-time closing highs for the second consecutive session.
Key market details from the record-breaking session include:
Index Performance: The S&P 500 rose 0.16% (approximately 11 points) to reach its new peak.
Intraday High: During the session, the index reached an even higher intraday peak of 6,986.33.
Market Context: Stocks rebounded from earlier session lows—at one point down 0.5%—as investors looked past news of a Department of Justice probe into Federal Reserve Chair Jerome Powell.
Major Gainers: Tech stocks and Walmart led the recovery, with the latter rising 3% following its recent listing shift to the Nasdaq.
Broader Market: The Dow Jones Industrial Average settled at a record 49,590.20, while the Nasdaq Composite also climbed to 23,733.90.
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