Record Highs on Wall Street
At the close of trading on January 10, 2026, the S&P 500 climbed 0.6% to reach 7,005.00 points, while the Dow Jones Industrial Average increased by 0.48% to 49,504.07 points, marking new all-time highs for both indices.
The Nasdaq Composite, which is heavily weighted towards technology stocks, surged by 0.8% to 23,671.35 points, driven by a renewed enthusiasm for semiconductor companies and those linked to artificial intelligence.
Labor Market Insights
The December employment report revealed an addition of 50,000 non-farm jobs, falling short of expectations. However, the unemployment rate dipped to 4.4%, indicating a stable yet slow-growing labor market.
Tech Sector Leads the Charge
Technology stocks were the primary drivers of the market's gains, with the semiconductor sector standing out. Notable increases were seen in shares of Broadcom, which rose by 3.8%, Intel, which surged by 10.8%, and Lam Research, which climbed by 8.7%.
Additionally, stocks in the construction and home improvement sectors also experienced upward momentum following President Trump's directive to purchase mortgage bonds to lower interest rates. Companies such as DR Horton, PulteGroup, Lennar, and Home Depot saw increases of 7.8%, 7.3%, 8.8%, and 2.2%, respectively.
Weekly Performance Overview
Over the course of the week, the three major indices posted solid gains, with the S&P 500 rising by 1%, the Nasdaq increasing by 1.3%, and the Dow Jones advancing by 1.2%.