S&P 500 and Dow Jones Hit Record Closing Highs as Walmart and Tech Stocks Rally
Published on: Jan. 13, 2026, 7:43 a.m. | Source: scanx.trade
The S&P 500 and Dow Jones achieved record closing highs on Monday, with gains of 0.16% and 0.17% respectively, driven by Walmart's 3% surge and technology sector strength. Despite initial concerns over the Justice Department's investigation of Fed Chair Powell, investors remained optimistic ahead of earnings season. However, financial stocks declined 0.8% following Trump's proposal for a 10% credit card interest rate cap, with major banks and credit companies posting significant losses.
