US stocks today: S&P 500, Nasdaq advance as oil eases ahead of Fed decision
Chip stocks and megacap tech led gains as investors awaited the Federal Reserve decision, with nearly half of S&P 500 companies already reporting results.
- On Tuesday, October 27, 2026, an AI-fueled tech rally pushed U.S. stocks higher, with the Nasdaq Composite jumping 1.14% while the S&P 500 gained 0.57% and the Dow Jones Industrial Average remained essentially flat.
- Easing oil prices and enthusiasm surrounding Anthropic's impending IPO filing supported investor risk appetite, helping chip stocks rebound after weeks of volatility.
- Earnings season momentum continued as 83% of S&P 500 companies reporting third-quarter results beat expectations; Royal Caribbean Group rose 6.5% after lifting profit forecasts, while Boeing tumbled 9.7% following a larger-than-expected loss.
- The Federal Reserve convened Tuesday for its penultimate meeting of the year, with markets widely expecting policymakers to hold the fed funds target rate in the 3.75% to 4% range.
- Investors are now looking to earnings from Alphabet, Microsoft, and Amazon.com later this week for evidence that AI investments are translating into growth, amid scrutiny over debt-funded spending sustainability.
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65 Articles
Broadcom and other AI stocks lift Wall Street closer to its record - WXXV News 25
By STAN CHOE NEW YORK (AP) — Stocks in the artificial-intelligence industry led Wall Street higher on Tuesday, as their yo-yo moves swing back upward. The S&P 500 rose 0.6% and pulled within 1.2% of its all-time high set earlier this month. The Dow Jones Industrial Average added 15 points, or less than 0.1%, and the Nasdaq composite climbed 1.2%....
Anthropic's upcoming IPO once again makes Wall Street look more optimistic about AI. Semiconductor values are in demand. The Fed's ongoing interest rate session does not seem to cause much concern to investors.
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