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

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

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.The tech-heavy Nasdaq Composite Index climbed 252.56 points, or 1.28 percent, to 20,009.34. The Nasdaq has risen 3.6 percent this month.

Investor optimism fueled the stock market’s gains midweek. Traders have signaled that Trump may have softened his position on trade policy, especially on tariffs.

The 47th president signed a presidential memorandum hours after taking office. It did not include sweeping universal tariffs.

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Speaking to reporters as he was signing executive orders, Trump revealed that he was considering levies on Canada and Mexico on Feb. 1.

At a Jan. 21 White House news conference, Trump noted that his administration was considering imposing an “approximately 25 percent” tariff on the country’s North American neighbors due to border concerns.

He also told reporters

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