Dow Jones, S&P 500 open higher, Nasdaq drops at US market open after Federal Reserve holds key interest rates steady

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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.

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.

(This is a developing story. Please check back for updates.)