Dow Jones, S&P 500 open higher, Nasdaq drops at US market open after Federal Reserve holds key interest rates steady
Dow Jones, S&P 500 opened higher, while the Nasdaq dropped at US market open after the US Federal Reserve held its key interest rates steady at the range of 3.50 to 3.75%. Here's what investors need to know about the stock market today.
US stock market today: The benchmark indices, like the Dow Jones and the S&P 500, opened higher, while the Nasdaq Composite dropped at the US stock market open on Thursday, 29 January 2026, after the Federal Reserve held its key interest rates steady in its latest policy meeting.
The United States Federal Reserve (Fed), in its January 2026 meeting outcome, decided to keep the key benchmark interest rates unchanged at the range of 3.50 to 3.75% as the central bank seeks to carefully assess incoming data, the evolving outlook, and the balance of risks for its dual mandate.
“In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3-½ to 3-¾ per cent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks,” said the FOMC in its official statement on 28 January 2026.
At 09:30 am (EDT) opening bell, the Dow Jones Industrial Average rose 0.12% to 49,075.38 points, the S&P 500 gained 0.15% to 6,988.65 points, while the Nasdaq Composite lost 0.16% to 23,818.30 points on Thursday.
Dow Jones today
The Dow Jones Industrial Average was trading 0.74% lower at 48,680.98 points as of 11:10 am (EDT) on Thursday, compared to 49,015.60 points at the previous market close, according to MarketWatch data.
International Business Machines Corp., Honeywell International, Caterpillar Inc., Merck & Co. Inc., Verizon Communications, Chevron Corp., Procter & Gamble Co., McDonald's Corp., Coca-Cola Co., Amgen Inc., and JPMorgan Chase & Co. were among others as the top gainers on Wall Street today.
Visa Inc., Apple Inc., Nike Inc., Home Depot Inc., Goldman Sachs Group Inc., UnitedHealth Group Inc., Cisco Systems Inc., Boeing Co., Amazon.com Inc., NVIDIA Corp., Salesforce Inc., and Microsoft Corp. were among the top laggards as per the early market session.
S&P 500 today
The S&P 500 index was trading 0.97% lower at 6,910.42 points as of 11:59 a.m. (EDT) on Thursday, compared to 6,978.03 points at the previous market close, Marketwatch data shows.
Southwest Airlines Co., Royal Caribbean Group, Norwegian Cruise Line Holdings Ltd., Meta Platforms Inc., Trane Technologies PLC, Carnival Corp., International Business Machines Corp., A.O. Smith Corp., Lockheed Martin Corp., and Ameriprise Financial Inc. were among the top gainers on Thursday's market.
Las Vegas Sands Corp., United Rentals Inc., Microsoft Corp., ServiceNow Inc., First Solar Inc., Workday Inc., International Paper Co., Intuit Inc., Datadog Inc., and Cadence Design Systems Inc. were among the bottom performers.
Nasdaq today
The Nasdaq Composite index was trading 1.76% lower at 23,436.11 points as of 12:09 pm (EDT), compared to 23,857.45 points at the previous market close, according to MarketWatch data.
ENvue Medical Inc., Republic Power Group Ltd., Digital Currency X Technology Inc., Decent Holding Inc., Sangamo Therapeutics Inc., Linkers Industries Ltd., Fangdd Network Group Ltd., GrowHub Ltd., Silicom Ltd., and NetSol Technologies Inc. were among the top gainers.
While others like Tian Ruixiang Holdings Ltd, Fractyl Health Inc., Masonglory Ltd, X3 Holdings Co. Ltd, Jet.Al Inc., GlucoTrack Inc., Happy City Holdings Ltd, Direct Digital Holdings Inc., Park Ha Biological Technology Co. Ltd, and Propanc Biopharma Inc. were among the laggards.
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Disclaimer: This story is for educational purposes only. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
About the Author
Anubhav Mukherjee is a Content Producer for LiveMint covering Business, Corporates, Finance, and Markets. He holds a Post Graduate Diploma in Business and Financial Journalism by Bloomberg from the Asian College of Journalism, Chennai.
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