27 October 2026, 23:11 US: Wall Street Rises as Tech Stocks Rebound.
US stock indices closed higher on Tuesday as technology stocks rebounded ahead of earnings from major industry players. The S&P 500 rose 0.6%, the Nasdaq gained 1.3%, and the Dow closed flat. The AI trade largely recovered, lifting chipmakers and most hyperscalers. Broadcom climbed 4% after a consortium of banks and Blackstone announced $63 billion in financing related to the use of its technology by Anthropic. Meta fell 1.6% despite its $25 billion stock sale being five times oversubscribed. Oracle advanced 3.6% as it expanded its partnership with OpenAI. Alphabet (+1.2%), Microsoft (-0.2%) and Amazon (+1.6%) are expected to report healthy growth when they release earnings this week. Elsewhere, Boeing tumbled 10.7% after posting a larger-than-expected Q3 loss. Corning fell 1.1% despite strong results. Whirlpool rose 3.7% despite reporting a quarterly loss. PayPal added 2% despite a revenue miss. Meanwhile, the Federal Reserve is widely expected to hold interest rates steady this week.
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