IRS Watchdog: 27% Staff Cut Creates "Greater Challenges" for 2026 Tax Season
Plus: S&P 500 Hits 7,000 for First Time—But the Fed Says Don't Get Comfortable | Wednesday, January 28, 2026
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S&P 500 Breaks 7,000—First Time Ever—Before Fed Holds Rates Flat
The S&P 500 crossed 7,000 for the first time in history this morning before pulling back slightly after the Federal Reserve held interest rates steady at 3.75%.
The Record
The S&P 500 hit 7,002.79 intraday before closing at 6,998.11 (+0.28%).
The Nasdaq led with +0.59%, driven by chipmaker rallies ahead of Microsoft, Meta, and Tesla earnings after the bell.
