S&P 500 Hits Fresh Record High as Stocks Extend Gains on Trump Optimism, AI Investments

Solid start to the earnings season helps lift U.S. stocks.

Traders work on the floor of the New York Stock Exchange during morning trading in New York City on Jan. 22, 2025. Stocks continued an upward swing opening up high a day after the Dow Jones closed up 500 points and the S&P 500 approaching an all-time high. The rise comes after OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son and Oracle Chairman Larry Ellison made an announcement alongside President Donald Trump that they will create a new company, called Stargate, to grow artificial intelligence infrastructure in the U.S. Michael M. Santiago/Getty Images

Wall Street remained optimistic about President Donald Trump’s second term and artificial intelligence (AI) investments. Stocks rallied during the Jan. 22 trading session, with the benchmark S&P 500 Index reaching a record high.

The index picked up 37.12 points, or 0.61 percent, to finish at a fresh record high of 6,086.36. The S&P 500 has recorded gains in six out of the last seven sessions and has jumped 3.48 percent so far in January.