Stock Market 9 January 2026 - 10 January 2026

The S&P 500 closed at a record on Friday as Broadcom and other chip stocks kept Wall Street climbing after a softer-than-expected U.S. jobs report. The index rose 0.65% to 6,966.28, while the Nasdaq gained 0.82% to 23,671.35 and the Dow added 0.48% to 49,504.07; the PHLX semiconductor index, which tracks major chipmakers, jumped 2.7% to a record. “On the overall AI theme, investors are getting granular,” said Zachary Hill at Horizon Investments, as Lam Research surged after Mizuho lifted its price target and Vistra rallied on a power deal with Meta. The labor data mattered because it set the tone for the next Fed meeting and for how traders price rate cuts in 2026. Nonfarm payrolls — jobs outside farming — rose by 50,000 in December, below economists’ forecast of 60,000, after a downwardly revised 56,000 in November. The unemployment rate dipped to 4.4% and wages rose 3.8% from a year earlier, and “all roads lead to the unemployment rate … it should douse the Fed’s recent urgency,” Fitch Ratings’ Olu Sonola said.