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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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Lean Right

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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  • 59% of the sources lean Right
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Bloomberg broke the news in New York, United States on Monday, October 26, 2026.
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