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Dow, S&P 500 Rise to New Closing Highs: Stock Market Today

On January 6, 2026, U.S. stock markets closed strongly higher, with the Dow Jones Industrial Average and the S&P 500 hitting new record highs. The Dow climbed 1.0% to 49,462, marking its second consecutive all-time high, while the S&P 500 rose 0.6% to 6,944, achieving its first record close of the year. The Nasdaq Composite also gained 0.7% to 23,547 after recovering from a previous losing streak.

Wall Street's strong start to the year slows

On January 7, 2026, Wall Street's recent momentum slowed, with the S&P 500 dipping 0.3% and the Dow Jones falling 466 points (0.9%) from record highs, while the Nasdaq rose slightly by 0.2%. Sharp declines were seen in sectors targeted by President Donald Trump's criticisms, particularly homebuilders, as he proposed limiting institutional investment in single-family homes.

Wall Street reaches more records on gains by Big Tech

On January 6, 2026, Wall Street hit new record highs, led by robust gains in technology stocks. The S&P 500 rose 0.6% to 6,944.82, and the Dow Jones Industrial Average increased by 1% to 49,462.08, also a record high. The Nasdaq gained 0.6%, while the Russell 2000, composed of smaller companies, outpaced major indexes with a 1.4% jump.