The S&P 500 hit a historic 7,000-point mark.

VTV.vn - At the close of trading on January 28 (US time), the S&P 500 index became the center of attention as it reached a record high of over 7,000 points for the first time in history.

Traders at work on the New York Stock Exchange (USA). (Photo: THX/VNA)

The US financial markets just experienced a volatile trading session marked by historical events, after the Federal Reserve (Fed) decided to keep interest rates unchanged and maintain a cautious stance on monetary policy.

At the close of trading on January 28th (US time), the S&P 500 index became the center of attention as it reached a record high of over 7,000 points for the first time in history. However, profit-taking pressure caused the index to fall slightly by 0.57 points (0.01%) to 6,978.03 points by the end of the session.

Meanwhile, other indices recorded gains. The Dow Jones index rose 12.19 points, or 0.02%, to 49,015.60 points. The Nasdaq Composite index increased 40.35 points (0.17%) to 23,857.45 points, mainly driven by the surge in semiconductor stocks.

At the conclusion of its first policy meeting of 2026, the Federal Open Market Committee (FOMC) unanimously agreed to maintain the benchmark interest rate at 3.5%–3.75%. In its official statement, the Fed noted that while inflation remains high, the labor market is gradually stabilizing.

Fed Chairman Jerome Powell affirmed that the central bank will continue to conduct policy based on actual data rather than setting an early cut schedule. Analysts predict the next interest rate cut may not occur until June 2026. Another notable development is that Treasury Secretary Scott Bessent said the identity of Powell's successor will be announced in about a week.

Semiconductor stocks were the driving force behind this session's growth, led by Intel (up 11%), Micron (up 6%), and Nvidia (up 1.6%). This growth momentum was boosted by positive earnings results from major partners such as SK hynix (South Korea) and ASML (Netherlands), reinforcing confidence in the long-term prospects of artificial intelligence (AI).

However, market concerns are emerging regarding the enormous investment costs for artificial intelligence (AI). In after-hours trading, while Meta and Tesla shares rose 4% and 3% respectively, Microsoft shares fell more than 3% after the company's financial report showed sharply increasing infrastructure investment costs.

In Vietnam, at the close of trading on January 28, the VN-Index fell 27.59 points, or 1.51%, to 1,802.91 points, while the HNX-Index dropped 0.37 points, or 0.15%, to 252.47 points.

Source: https://vtv.vn/sp-500-cham-moc-lich-su-7000-diem-100260129084525061.htm