S&P 500 notches record high close driven by Broadcom, other chipmakers

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S&P 500 notches record high close driven by Broadcom, other chipmakers

By Reuters Videos
Publication Date: 2026-01-09 23:11:00

Reuters Videos

<span>STORY: U.S. stocks ended higher on Friday, with the Dow adding about half a percent to close at a another record high, the S&P 500 gaining nearly two-thirds of a percent to also close at a record high and the Nasdaq climbing about eight-tenths of a percent.</span><span>Wall Street’s main indexes all gained sharply in 2026’s first full week of trading, fueled not only by gains in AI-related stocks, but also by increases in materials, industrials and other sectors that have lagged tech stocks in recent years.</span><span>It’s a trend that should continue, said Alexander Morris, CEO and chief investment officer of F/m Investments.</span><span>“I think stocks are going to keep powering higher until something very specifically takes AI off of the track it’s on. For whatever reason, although AI stocks are expensive, they’re not as expensive as some of the dotcom names were just before the dotcom bust, sort of giving investors some comfort that expensive isn’t…</span>

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