What moved the S&P 500 today?

The index held near 7,000 after the Fed kept rates unchanged and signalled no major shift. Traders also weighed mixed Big Tech earnings, which left leadership narrow. The result was a tight range near recent highs, with stable yields helping risk appetite but not enough to extend gains decisively.

How does the Fed rate decision affect Australian investors?

A steady policy stance helped keep US yields and the dollar calm. That reduces currency noise for AUD-based portfolios with US exposure. It also supports equity valuations by anchoring discount rates. For local investors, it may favour holding risk while using selective hedging around major data or earnings.

What levels matter for S&P 500 near term?

Key resistance sits near 6,980 and the record high at 7,002. First support is around 6,866, then 6,752. The Average True Range near 59 points to contained daily swings. A close above 7,000 would signal momentum follow-through, while dips toward the mid-band often attract buyers.

How did Nasdaq today compare to the broader market?

Nasdaq today edged higher as some tech leaders gained after earnings, while the broader benchmark was roughly flat. This reflects narrow leadership linked to AI, cloud, and chips. If breadth improves, both indexes could advance together. If not, the broader gauge may lag during pullbacks.

Global Market Insights

^GSPC Today, January 31: Holds Near 7,000 After Fed Stays Pat

ByHuzaifa Zahoor January 31, 2026January 31, 2026

S&P 500 today is steady near the 7,000 mark after the Fed kept rates unchanged and offered no surprise. The index last traded near 6,939, off 0.43%, with a session range of 6,893 to 6,964 and a record high at 7,002. Traders weighed mixed Big Tech earnings as Nasdaq today edged higher. For Australian investors, the move shapes USD exposure, local tech sentiment, and ASX-listed S&P 500 ETFs. We outline what matters now and the levels to watch.