Why it matters
- The S&P 500 rose 53.09 points, or 0.70%, to 7,676.77 on Monday, Oct. 26, the Nasdaq Composite gained 0.82% and the Dow 0.28%, Yahoo Finance data showed, as Anthropic's public IPO filing lifted AI and chip stocks.
- Verizon fell 3.49% to $43.10 even though its profit beat forecasts, because revenue fell short, the Associated Press reported. Nvidia rose 2.39% and the Philadelphia Semiconductor Index 2.82%.
- Brazil's Ibovespa plunged 13.88% to 176,608.23 after President Luiz Inácio Lula da Silva's surprise reelection, Money Times reported. December Brent settled down 0.8% at $115.81, Reuters said, as the Fed's meeting begins Tuesday.
Session recap: what happened in this region's trading day, with sources.
U.S. stocks rose on Monday, Oct. 26, as Anthropic's public filing for an initial public offering lifted AI and chip stocks at the start of a week packed with tech earnings and a Federal Reserve decision, Yahoo Finance reported. The S&P 500 gained 53.09 points, or 0.70%, to 7,676.77, the Nasdaq Composite rose 0.82% to 26,169.38 and the Dow Jones Industrial Average added 0.28% to 52,361.58, according to Yahoo Finance data. The S&P 500 is within 1.8% of the record it set earlier this month, the Associated Press said.
| Index | Monday close | Change vs. Friday, Oct. 23 |
|---|---|---|
| S&P 500 | 7,676.77 | +53.09 (+0.70%) |
| Dow Jones Industrial Average | 52,361.58 | +146.42 (+0.28%) |
| Nasdaq Composite | 26,169.38 | +214.04 (+0.82%) |
| Russell 2000 | 2,786.42 | +10.52 (+0.38%) |
| Cboe Volatility Index (VIX) | 18.39 | −1.06 (−5.45%) |
| S&P/TSX Composite (Canada) | 35,944.16 | +155.96 (+0.44%) |
| Ibovespa (Brazil) | 176,608.23 | −28,474.77 (−13.88%) |
| S&P/BMV IPC (Mexico) | 69,470.99 | −408.62 (−0.58%) |
Source: Yahoo Finance daily chart data.
Why did stocks rise today?
Anthropic publicly filed its S-1 registration with the Securities and Exchange Commission on Monday and plans to trade under the ticker "ANT," Yahoo Finance reported. The filing showed revenue of $16.3 billion for the six months through June and a net loss of $80.7 billion, mostly from accounting charges, Yahoo Finance said. The filing put AI back in focus, and the S&P 500 and Nasdaq were set for their biggest one-day gain in more than a month, Reuters reported.
AI stocks still swung through the day on worries about the cost of borrowing for data centers and chips, the AP said. Meta Platforms fell 1.88% after it said it plans to raise $35 billion by selling stock and could raise another $60 billion through a new share class, the AP reported.
Which stocks moved the most?
| Stock | Monday close | Change |
|---|---|---|
| Lumentum | $818.10 | +8.19% |
| Applied Optoelectronics | $71.94 | +6.56% |
| Coherent | $221.50 | +5.83% |
| Tesla | $391.62 | +5.21% |
| Micron Technology | $903.70 | +2.98% |
| Nvidia | $216.00 | +2.39% |
| Microsoft | $532.60 | +1.54% |
| Meta Platforms | $630.56 | −1.88% |
| Verizon | $43.10 | −3.49% |
Source: Yahoo Finance chart data.
Lumentum rose after StoneX started coverage with a buy rating, and Tesla gained after Barclays upgraded it to overweight, Yahoo Finance reported. Nvidia gave the market its biggest lift, the AP said. The Philadelphia Semiconductor Index rose 2.82% to 11,083.47.
Verizon fell even though its third-quarter profit beat analysts' forecasts, because revenue fell short, the AP said. The company reported revenue of $34.3 billion, up 1.5%, and adjusted earnings of $1.31 a share, and raised its full-year adjusted earnings forecast to $5.04 to $5.06 a share, its results release showed.
Why did Brazil's stock market crash?
Brazil's Ibovespa fell 13.88% to 176,608.23, its lowest since Aug. 31, after Lula won the presidential runoff against Flávio Bolsonaro, Money Times reported. Investors had not expected the result and worry about more government spending and debt, the AP said. A drop of more than 10% early in the session triggered a 30-minute trading halt, the first circuit breaker since March 2020, and the dollar jumped 8.21% to 5.4029 reais, Money Times said. In New York, the iShares MSCI Brazil ETF fell 19.82% to $34.15, Yahoo Finance data showed.
What happened to oil and Treasury yields?
Oil eased on hopes for diplomacy as Saudi, Turkish and Pakistani officials held talks in Tehran, though attacks on Saudi Arabia limited the losses, Reuters reported. December Brent settled down 91 cents, or 0.8%, at $115.81 a barrel, and U.S. crude fell $1.51, or 1.46%, to $101.76, Reuters said.
The 10-year Treasury yield held at 5.00% and the 2-year eased to 4.68% from 4.69%, Treasury Department data showed. Treasury sold $69 billion of two-year notes at a high yield of 4.708%, with a bid-to-cover ratio of 2.59, TreasuryDirect results showed. Gold futures rose 0.54% to about $4,029.50 an ounce, Yahoo Finance data showed.
What's next for markets this week?
The Fed's two-day meeting starts Tuesday, with the decision Wednesday, Oct. 28. The widespread expectation is that the Fed will leave rates unchanged after raising them last month for the first time in three years, the AP said. Treasury sells $70 billion of five-year notes Tuesday and $44 billion of seven-year notes Thursday. Alphabet and Microsoft report Wednesday and Amazon on Thursday, the AP said.
This morning's day-ahead guide has the full Fed-week calendar. See the Europe Monday recap, the Asia Monday recap and Friday's U.S. session recap. The markets page tracks the latest numbers.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- Associated Press via News4Jax, Wall Street rises as AI stocks keep swinging (Oct. 26, 2026)
- Yahoo Finance, Stock market today: Dow, S&P 500, Nasdaq gain as Anthropic IPO buzz reignites AI trade (Oct. 26, 2026)
- Reuters via The National, Wall St looks for best day in month as Anthropic's IPO filing propels AI stocks (Oct. 26, 2026)
- Reuters via Yahoo Finance, Oil settles lower on peace hopes, Saudi attacks limit losses (Oct. 26, 2026)
- Money Times, Ibovespa reage à vitória de Lula (Oct. 26, 2026)
- Verizon, third-quarter 2026 results (SEC filing)
- TreasuryDirect, auction results and upcoming auctions
- U.S. Treasury, Daily Treasury par yield curve rates, 2026
- Federal Reserve, FOMC meeting calendars
- Yahoo Finance, daily chart data for the S&P 500, Dow, Nasdaq Composite, Russell 2000, VIX, S&P/TSX Composite, Ibovespa, S&P/BMV IPC, PHLX Semiconductor Index, gold futures, iShares MSCI Brazil ETF, Lumentum, Applied Optoelectronics, Coherent, Tesla, Micron, Nvidia, Microsoft, Meta and Verizon