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

Futures on the Nasdaq 100 rose 0.9%, putting the benchmark within touching distance of its October record.

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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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