CES special technology stocks surge... Nasdaq and S&P 500 index rise simultaneously

The New York stock market opened higher, driven by a rally in technology stocks. Especially influenced by the world’s largest electronics and IT exhibition CES 2026, the shares of major tech companies rose, creating a positive atmosphere for the overall market.

On the morning of the 6th local time, the Dow Jones Industrial Average on the New York Stock Exchange rose 0.32% from the previous day, closing at 49,132.39 points. The S&P 500 Index and the Nasdaq Composite Index, which have a higher weighting of technology stocks, also increased by 0.38% and 0.40%, respectively. The previous day, U.S. stocks reached a new closing high while digesting international political news such as the arrest of the Venezuelan president, and this trend continued on that day.

The rise in the tech sector was fueled by expectations for CES 2026. Semiconductor giant NVIDIA announced its next-generation super chip “Vera Rubin” and officially entered mass production, causing its stock price to rise by 1.62%. Micron Technology’s stock surged by 6.68% after global investment bank Bernstein projected that AI demand would drive the memory market into an upcycle, leading to an upward revision of its target stock price.

The release of the U.S. December Services PMI also positively impacted market sentiment. S&P Global’s data showed a reading of 52.5, below the previous value (54.1) and market expectations (52.9), but this instead stimulated market expectations of a possible Fed rate cut. As signs of easing inflationary pressures appeared, financial markets increasingly believed that the likelihood of accommodative monetary policy was growing.

Investors are now focusing on the ADP private employment report to be released on the 7th and the non-farm payrolls report scheduled for the 9th. These data are expected to be key indicators for the Federal Open Market Committee’s rate decision at the end of this month. Adam Krisafulli, founder of Vital Knowledge, believes that the tone of fiscal and monetary stimulus is the core background driving the stock market rally in 2026.

Meanwhile, major European stock markets also showed synchronized gains, with representative indices in London, Paris, and Frankfurt all rising. However, international oil prices (WTI) fell 0.94% during the same period, closing at $57.77 per barrel, leading to a slight decline in energy sector stocks.

This bullish atmosphere in global stock markets is likely to continue in the short term, supported by expectations for technological innovation and shifts in interest rate policies. However, if employment indicators result in a renewed emphasis on tightening, short-term volatility cannot be ruled out.