The S&P 500 (SPX) jumped on Wednesday as tech stocks lifted the index higher thanks to President Donald Trump. The President announced a new artificial intelligence (AI) infrastructure project alongside some of the biggest names in tech. This $500 billion collaboration includes support from Microsoft (MSFT)-backed OpenAI, Oracle (ORCL), and Softbank (SFTBY).
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More than just those companies are taking part in Project Stargate. Arm (ARM), Nvidia (NVDA), and Microsoft were also listed as tech partners for the project. This news excited investors today, causing many of these shares to rally with heavy trading.
Those rallies translated to positive movement for the SPX, which is up 0.8% as of this writing. That builds on a 2.85% increase year-to-date. This is a welcome change after the index hit a rough period shortly into 2025.
Stocks Boosting the SPX Index Today
Turning to the TipRanks SPX heatmap tool, there’s no doubt tech stocks are doing the heavy lifting today. In fact, stocks tied to AI are pushing various sectors higher today, such as Communication Services and Consumer Cyclical, even as other stocks in them drop. One notable sector that is increasing without the help of AI stocks is the healthcare market.
How to Invest in the S&P 500
Investors can’t purchase a direct stake in the SPX as it’s only an index. Instead, they might consider buying shares of stocks listed on it. With today’s rallies, there are plenty of stocks worth considering investments in before they climb higher. That includes those mentioned above.
Another option is purchasing shares of exchange-traded funds (ETFs) that track the S&P 500. There are ETFs for betting on and against the index. One popular pick is the SPDR S&P 500 ETF Trust (SPY) but plenty of other options are available.
