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Stock Market Today, Jan. 9: S&P 500 Sets New High and Intel Rallies
The Motley Fool· 2026-01-09 21:50
Group 1: Market Overview - Major U.S. indexes reached new highs, with the S&P 500 rising 0.65% to 6,966.28, the Nasdaq Composite gaining 0.81% to 23,671.35, and the Dow Jones Industrial Average adding 0.48% to 49,504.07, driven by positive jobs data and political support for Intel [1] - The S&P 500 hit an intraday high following a jobs report indicating fewer job additions than expected, reinforcing expectations that the Federal Reserve would maintain steady interest rates [3] Group 2: Company-Specific Developments - Intel's stock surged by 10.90% after President Trump's positive remarks regarding a meeting with CEO Lip-Bu Tan, indicating strong political backing for the company [2][4] - The outlook for the AI and semiconductor cycle appears stronger, contributing to Intel's rally and positively impacting other major tech companies like Alphabet and Apple, which saw slight gains [2] - Investors are closely monitoring upcoming Q4 earnings reports from major banks, starting with JPMorgan Chase, to gauge consumer sentiment [4] Group 3: Regulatory Environment - A Supreme Court ruling on tariffs, which could impact market conditions, has been delayed until January 14, with no immediate decision on the legality of tariffs [5]