Marcin Frąckiewicz

January 29, 2026, 12:45 AM EST. Stocks closed mixed on Wednesday after the Federal Reserve (Fed) kept interest rates at 3.50%-3.75%, in line with expectations. The S&P 500 fell slightly from a record high, down 0.01%, while the Nasdaq 100 jumped 0.32% to a three-month peak, buoyed by gains in chipmakers and AI infrastructure stocks. ASML Holding posted record Q4 bookings of 13.2 billion euros, fueling optimism in semiconductor equipment demand. Better-than-expected earnings from Seagate and Texas Instruments also supported market sentiment. The dollar index rebounded after a recent plunge, influenced by President Trump's comments, which also pushed gold prices to a new peak. Meanwhile, oil prices rose to a four-month high amid geopolitical tensions with Iran. Mortgage applications declined by 8.5% last week as the average 30-year mortgage rate increased to 6.24%. The Fed signaled a wait-and-see approach on future rate changes, citing steady economic growth and inflation risks.