US stock market today: The US benchmark index S&P 500 surged to over a 7,000-point record high on Wednesday, 28 January 2026, while the Dow Jones, Nasdaq Composite opened higher ahead of the US Federal Reserve’s policy outcome.

At 09:30 am (EDT), the Dow Jones Industrial Average rose 0.29% to 49,143.74 points, while the S&P 500 gained 0.32% to 7,001.05 points and the Nasdaq Composite gained 0.62% to 23,965.03 points.

“The S&P 500 just hit 7000 for the FIRST TIME EVER. AMERICA IS BACK!!!” said US President Donald Trump in his recent Truth Social post.

(This is a developing story. Please check back for updates.)