Tech Stocks Lift Nasdaq, S&P 500 Near Records Ahead of Fed Decision

Major U.S. indices advanced on Tuesday, January 27, 2026, with the Nasdaq and S&P 500 approaching all-time highs as investors awaited the Federal Reserve's policy decision and key earnings reports. The dollar weakened to near four-year lows while gold held above $5,000 per ounce. As of 22:00 Taipei time, the Nasdaq rose 0.60% to 23,743.98, and the S&P 500 gained 0.22% to 6,965.63. The Dow fell 0.81% amid declines in health insurers after disappointing Medicare Advantage proposals. Tech and semiconductor stocks outperformed, with Micron (MU) up 4% on expanded production plans. TSMC ADR rose 1.12%. Market focus remains on the Fed's January 28 decision and whether corporate earnings can sustain the rally. The dollar index fell to 99.185, while 10-year Treasury yields rose to 4.22% ahead of a $70 billion auction.