Stock market today: Dow, S&P 500, Nasdaq rise as tech gains for second day, chip stocks rally
Semiconductor stocks rallied and lifted the Nasdaq as renewed AI enthusiasm followed Anthropic's public filing of its IPO prospectus on Monday. Coca-Cola beat estimates and raised its earnings outlook, and SoFi also beat expectations, with Alphabet and Microsoft reporting Wednesday. Policymakers began a two-day meeting, with most participants expecting rates to hold and CME Group pricing showing about 10% odds of a hike; economists expect a "hawkish pause." Yahoo Finance
Oil falls almost $2 as Middle East talks help ease supply worries
Brent crude futures settled down $1.93, or 1.67%, at $113.88 a barrel, and US West Texas Intermediate settled down $1.86, or 1.83%, at $99.90. Prices remain near six-month highs on shipping disruption around the Middle East, with an agreement to end the war with Iran still elusive and continued Houthi attacks on Saudi Arabia keeping supply risks in place. Reuters
Boeing stock falls on softer-than-expected Q3 results
Boeing shrank its quarterly losses and generated cash flow in the third quarter, but its top- and bottom-line results missed Wall Street's expectations, with revenue of $24.1 billion and an adjusted loss of $0.34 per share. CFRA noted that commercial airplane margin deterioration to -6.5% from the second quarter's -2.7% introduces uncertainty around the recovery pace. Yahoo Finance
Xylem (NYSE:XYL) misses Q3 2026 revenue estimates, stock drops
Xylem reported third-quarter revenue of $2.20 billion, down 3% year over year and short of the $2.28 billion consensus, with adjusted EPS of $1.44 against $1.45 expected. The company cut the midpoint of its full-year revenue guidance to $8.95 billion from $9.2 billion and lowered its adjusted EPS guidance midpoint to $5.43. StockStory
| Asset | Close | Chg | % |
|---|---|---|---|
| S&P 500^GSPC | 7,722.60 | +45.83 | +0.60% |
| Nasdaq Composite^IXIC | 26,477.81 | +308.43 | +1.18% |
| Dow Jones^DJI | 52,377.57 | +15.99 | +0.03% |
| CBOE Volatility Index^VIX | 17.52 | -0.87 | -4.73% |
| U.S. Dollar IndexDXY · 4:00 PM ET | 102.30 | +0.30 | +0.29% |
| Brent CrudeICE Dec '26 · 2:30 PM ET settle | $113.88 | -$1.93 | -1.67% |
| WTI CrudeNYMEX Dec '26 · 2:30 PM ET settle | $99.90 | -$1.86 | -1.83% |
| GoldCOMEX Dec '26 · 1:30 PM ET | $4,075.20 | +$37.50 | +0.93% |
| Tenor | Close | Chg | % |
|---|---|---|---|
| 1-MonthT-bill | 4.10% | -1bp | -0.24% |
| 3-MonthT-bill | 4.22% | 0bp | 0.00% |
| 6-MonthT-bill | 4.34% | -1bp | -0.23% |
| 1-YearT-note | 4.50% | +3bp | +0.67% |
| 2-YearT-note | 4.70% | +2bp | +0.43% |
| 5-YearT-note | 4.82% | -2bp | -0.41% |
| 10-YearT-note | 4.99% | -1bp | -0.20% |
| 30-YearT-bond | 5.30% | -1bp | -0.19% |
Equities advanced for a second session, again led by technology: the S&P 500 rose 45.83 points, or 0.60%, to 7,722.60, the Nasdaq Composite 1.18% to 26,477.81 and the Dow 15.99 points, or 0.03%, to 52,377.57, while the VIX fell 0.87 to 17.52. Five of 11 sectors closed higher: Technology (+1.70%), Consumer Discretionary (+1.04%) and Materials (+0.78%) led, while Energy (-2.05%) was the weakest sector, behind Consumer Staples (-0.92%) and Real Estate (-0.84%). Pentair (+12.80%) led S&P 500 gainers, ahead of Flex (+8.26%), Dell Technologies (+7.47%), Super Micro Computer (+7.34%) and Bloom Energy (+7.15%). Xylem (-14.21%) was the index's weakest name after missing third-quarter revenue estimates and cutting full-year guidance, followed by Boeing (-10.69%) after its third-quarter report; refiners Valero Energy (-9.24%), Marathon Petroleum (-7.36%) and Phillips 66 (-7.03%) accounted for the remaining three of the five weakest names.
December Brent fell $1.93 to $113.88 and December WTI $1.86 to $99.90 as diplomacy with Iran continued, with Houthi attacks on Saudi Arabia keeping supply risk in place; the Brent-WTI spread narrowed to $13.98 from $14.05. The Treasury curve flattened: the 1-year rose 3bp to 4.50% and the 2-year 2bp to 4.70%, while the 5-year fell 2bp to 4.82%, the 10-year 1bp to 4.99% and the 30-year 1bp to 5.30%, narrowing 2s10s by 3bp to 29bp. The $70bn 5-year note auction stopped at a high yield of 4.845%. The dollar firmed (DXY 102.30, +0.30), and gold rose 0.93% to $4,075.20 (1:30 PM ET print).
The FOMC statement is due Wednesday at 2:00 PM ET and the press conference at 2:30 PM, with crude near six-month highs and the 10-year just under 5.00%. Wednesday also brings the September advance trade and inventories report and a $30bn 2-year FRN ahead of the decision, with Alphabet and Microsoft reporting after the close. 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. Friday closes the week with the third-quarter Employment Cost Index at 8:30 AM and the October Chicago Business Barometer at 9:45 AM.