Stock market today: Dow, S&P 500, Nasdaq gain as Anthropic IPO buzz reignites AI trade ahead of busy tech earnings week
The major averages rose on Monday after Anthropic publicly submitted its S-1 investment prospectus, disclosing more than $16 billion in revenue in the first half of the year, ahead of a busy week of tech earnings and Wednesday's Fed decision. Lumentum shares jumped 10% after StoneX initiated coverage with a Buy rating and a $1,200 price target, lifting optical peers including Coherent. Fed officials are expected to hold rates steady, with many experts expecting Chairman Kevin Warsh to tilt toward a hawkish pause. Yahoo Finance
Oil settles lower on peace hopes, Saudi attacks limit losses
Brent finished down 91 cents, or 0.8%, at $115.81 a barrel, and WTI closed down $1.51, or 1.46%, at $101.76, amid hopes of easing hostilities in the Middle East after officials from Saudi Arabia, Turkey and Pakistan met Iranian leaders in Tehran. Brent fell more than $2 a barrel at one point, but persistent attacks on Saudi Arabia and on maritime shipping kept investors wary. Reuters
FICO stock falls 14% after Pulte pledges 'more action' on credit score competition
Fair Isaac shares dropped more than 13% after the company held its price for preferred mortgage lenders at $10, a decision investors and analysts read as a defensive move after several years of hikes. The slide accelerated after FHFA Director Bill Pulte posted that the agency is "taking more action this week to ensure competition is real and not fake, or manipulated." Yahoo Finance
| Asset | Close | Chg | % |
|---|---|---|---|
| S&P 500^GSPC | 7,676.77 | +53.09 | +0.70% |
| Nasdaq Composite^IXIC | 26,169.38 | +214.04 | +0.82% |
| Dow Jones^DJI | 52,361.58 | +146.42 | +0.28% |
| CBOE Volatility Index^VIX | 18.39 | -1.06 | -5.45% |
| U.S. Dollar IndexDXY · 4:00 PM ET | 102.00 | +0.20 | +0.20% |
| Brent CrudeICE Dec '26 · 2:30 PM ET settle | $115.81 | -$0.91 | -0.78% |
| WTI CrudeNYMEX Dec '26 · 2:30 PM ET settle | $101.76 | -$1.51 | -1.46% |
| GoldCOMEX Dec '26 · 1:30 PM ET | $4,037.70 | +$30.30 | +0.76% |
| Tenor | Close | Chg | % |
|---|---|---|---|
| 1-MonthT-bill | 4.11% | 0bp | 0.00% |
| 3-MonthT-bill | 4.22% | 0bp | 0.00% |
| 6-MonthT-bill | 4.35% | +5bp | +1.16% |
| 1-YearT-note | 4.47% | +3bp | +0.68% |
| 2-YearT-note | 4.68% | -1bp | -0.21% |
| 5-YearT-note | 4.84% | +2bp | +0.41% |
| 10-YearT-note | 5.00% | 0bp | 0.00% |
| 30-YearT-bond | 5.31% | -2bp | -0.38% |
Equities rebounded from back-to-back weekly losses, led by technology: the S&P 500 rose 53.09 points, or 0.70%, to 7,676.77, the Nasdaq Composite 0.82% to 26,169.38 and the Dow 146.42 points, or 0.28%, to 52,361.58, while the VIX fell 1.06 to 18.39. Seven of 11 sectors closed higher: Technology (+1.69%), Industrials (+1.42%) and Consumer Discretionary (+1.03%) led, while Communication Services (-1.57%) fell for a fourth straight session and Consumer Staples (-0.34%) lagged, with Health Care unchanged. Lumentum (+8.19%) led S&P 500 gainers following a StoneX coverage initiation, ahead of Comfort Systems USA (+7.18%), which retraced part of Friday's 9.26% decline, Everpure (+6.49%), Coherent (+5.83%) and Synopsys (+5.62%). Fair Isaac (-13.15%) was the index's weakest name after holding its mortgage score price at $10 and drawing a pledge of further action from the FHFA, followed by DoorDash (-6.10%), Charter Communications (-5.92%), NVR (-4.28%) and Reddit (-4.02%).
December Brent fell $0.91 to $115.81 and December WTI $1.51 to $101.76 as Saudi, Turkish and Pakistani officials met Iranian leaders in Tehran, with continued attacks on Saudi Arabia limiting the decline; the Brent-WTI spread widened to $14.05 from $13.45. The Treasury curve was mixed: the 6-month rose 5bp to 4.35% and the 1-year 3bp to 4.47%, while the 2-year slipped 1bp to 4.68%, the 5-year rose 2bp to 4.84%, the 10-year held at 5.00% and the 30-year fell 2bp to 5.31%, steepening 2s10s by 1bp to 32bp. The $69bn 2-year note auction stopped at a high yield of 4.708%. The dollar firmed (DXY 102.00, +0.20), and gold rose 0.76% to $4,037.70 (1:30 PM ET print).
The October 27-28 FOMC is the week's central event, with the statement due October 28 at 2:00 PM ET and the press conference at 2:30 PM, against crude above $115 and a 10-year at 5.00%. Tuesday brings September durable goods and new home sales, the October Conference Board consumer confidence index and $70bn of 5-year notes; Wednesday the September advance trade and inventories report and a $30bn 2-year FRN ahead of the decision. Thursday carries the week's heaviest data, with the advance estimate of third-quarter GDP and September personal income and outlays both at 8:30 AM, alongside weekly jobless claims and $44bn of 7-year notes. Anthropic's public S-1 filing keeps AI capital-markets activity in focus heading into a busy week of large-cap tech earnings.