S&P 500 Sets Fresh Record Amid Trump-Fed Autonomy Scuffle

A television station broadcasts Jerome Powell, chairman of the US Federal Reserve, on the floor of the New York Stock Exchange (NYSE) in New York in December.Photographer: Michael Nagle/Bloomberg

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By Joel Leon

January 12, 2026 at 2:59 PM UTC

Updated on

January 12, 2026 at 9:35 PM UTC

US stocks advanced to a record Monday amid a renewed debate around the “sell America” trade following President Donald Trump’s latest attack on the Federal Reserve.

The S&P 500 Index finished 0.2% higher in New York, setting a fresh all-time closing high. The Nasdaq 100 Index rose 0.08%, while the Cboe Volatility Index hovered at around 15.