Tech Giants Power U.S. Markets to Record Territory on Tuesday

Big Tech Leads Wall Street’s Climb

The U.S. stock market reached new peaks on Tuesday, January 6, 2026, as technology leaders continued their dominant run. Major indices surged across the board, with smaller-cap stocks making an even more impressive showing than their larger peers. Microsoft and Amazon spearheaded the rally, driving investor confidence and pushing the broader market higher.

Tuesday’s Standout Numbers

The S&P 500 closed at 6,944.82, up 42.77 points (0.6%) for the session. The Dow Jones Industrial Average delivered the day’s strongest performance, climbing 484.90 points to settle at 49,462.08—a robust 1% gain. The Nasdaq composite added 151.35 points (0.6%), while the Russell 2000 significantly outpaced expectations, surging 34.98 points (1.4%) to 2,582.90.

Momentum Building Throughout the Week

Year-to-date momentum tells an even more compelling story. The Dow has gained 1,398.79 points (2.9%) since the start of the year, while the Russell 2000 has jumped 100.99 points (4.1%), suggesting strong investor appetite for growth. The S&P 500 has added 99.32 points (1.5%) in the same period, and the Nasdaq has climbed 305.18 points (1.3%).

What’s Next on the Agenda

Market participants are closely monitoring upcoming job market data this week, which could reshape expectations around economic growth and guide Federal Reserve policy decisions moving forward. These reports may prove critical in determining whether the current tech-driven rally has legs or faces headwinds.