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.
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The Fed decision on the key interest rates hardly moved the US banks on Wednesday. Investors were waiting for the quarterly figures of two "Magnificent Seven" companies. However, chip values benefited.
US Stocks Gain on AI Rally as Wall Street Braces for Crucial Fed Verdict and Big Tech Earnings Boost
US stocks climbed on Tuesday as a fresh surge in AI-related shares lifted Wall Street, with investors positioning for a crucial Federal Reserve interest-rate verdict and a high-stakes week for Big Tech earnings. The Nasdaq Composite gained about 1.2% and the S&P 500 rose 0.6%, while the Dow Jones Industrial Average edged up by less than 0.1%. Most S&P 500 constituents fell, however, as gains in a small group of influential AI companies pulled th…
Wall Street closes higher amid revived AI momentum
NEW YORK — An artificial intelligence-fueled tech rally sent stocks to a higher close on Tuesday as third-quarter reporting season gained steam, while the Federal Reserve convened for its penultimate meeting of the year.
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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- 53% of the sources lean Right
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