US stocks today: S&P 500, Nasdaq advance as oil eases ahead of Fed decision
- On Tuesday, Oct 27, 2026, an AI-fueled tech rally pushed US stocks higher, with the Nasdaq Composite climbing 1.18%, the S&P 500 gaining 0.6%, and the Dow Jones Industrial Average remaining essentially flat.
- Easing oil prices and the Federal Reserve's penultimate policy meeting supported investor sentiment as the central bank convened to discuss interest rate policy amid ongoing inflation concerns.
- Chip stocks surged, boosted by Anthropic's impending IPO filing, while advancing issues outnumbered decliners by a 1.76-to-1 ratio on the Nasdaq, signaling broad market participation.
- Investors now turn to third-quarter earnings from Alphabet, Microsoft, and Amazon, questioning whether AI investments translate into growth. "The more skeptical the market gets about AI returns, the harder it becomes to justify today's pace of spending," said Jake Behan, head of capital markets at Direxion.
- The Fed is widely expected to keep the fed funds target rate on hold in the 3.75% to 4% range at its October meeting, deferring a second rate hike until December.
153 Articles
153 Articles
Technology Stocks Leading Rebound On Wall Street
Stocks have moved mostly higher during trading on Tuesday, regaining ground following the significant downturn seen over the course of the previous session. The tech-heavy Nasdaq has shown a notable rebound, although the Dow is bucking the uptrend. Currently, the Nasdaq and S&P 500 are just off their highs of the session.
New York, 3 Nov (EFE).- Wall Street opened this mixed Tuesday, with an advance of 0.45% for the Nasdaq technology and 0.16 % for the selective S&P 500, while the Dow Jones of Industriales yielded 0.54%, on a day marked by the legislative elections of half-term in states [...] The entry Wall Street opens mixed, with technological rebound and pending half-term elections was first published in HolaNews.
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