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US markets end higher amid strong gains in blue chip stocks
Jan-07-2026

The US markets ended higher on Tuesday amid strong gains in blue chip stocks like Amazon, Amgen, Salesforce and IBM Corp. The shares of Amazon jumped after the company announced it is rolling out Alexa.com to Alexa+ Early Access customers in what is seen as an effort to more directly compete with ChatGPT and Gemini. Besides, traders were looking ahead to the release of several key U.S. economic reports, including monthly jobs data in the coming days. The data could impact the outlook for interest rates ahead of the Federal Reserve's next monetary policy meeting later this month.

On the sectoral front, significant strength has been seen in computer hardware stocks with the NYSE Arca Computer Hardware Index soaring by 4.3 percent. Further, a sharp increase by the price of gold also contributed to substantial strength among gold stocks, as reflected by the 4.1 percent surge in the NYSE Arca Gold Bugs Index. Besides, biotechnology stocks moved considerably up on the day, resulting in a 3.0 percent jump in the NSYE Arca Biotechnology Index.

Dow Jones Industrial Average jumped 484.90 points or 0.99 percent to 49,462.08, Nasdaq climbed 151.35 points or 0.65 percent to 23,547.17 and S&P 500 rose 42.77 points or 0.62 percent to 6,944.82.

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