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Wall Street closed higher on Monday to start the final trading week of a volatile October. A series of positive developments rejuvenated artificial intelligence (AI) trade. Third-quarter earnings results were mixed. All three major stock indexes ended in positive territory.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) rose 0.3% or 146.42 points to close at 52,361.58 after a choppy session. Notably, 16 components of the 30-stock index ended in positive territory, while 14 ended in negative territory. At the intraday high, the blue-chip index was up nearly 405 points.
The tech-heavy Nasdaq Composite ended at 26,169.38, advancing 0.8% or 214.04 points on strong performance of AI bigwigs. At the intraday high, the tech-laden index was up 351.48 points. The S&P 500 was up 0.7% to finish at 7,676.77.
Nine out of 11 sectors of the broad-market index ended in positive territory while two finished in negative territory. The Information Technology Select Sector SPDR (XLK), the Industrials Select Sector SPDR (XLI) and the Consumer Discretionary Select Sector SPDR (XLY) rose 1.7%, 1.4% and 1%, respectively. However, the Communications Services Select Sector SPDR (XLC) fell 1.6%.
The fear gauge CBOE Volatility Index (VIX) was down 5.5% to 18.39. A total of 16.7 billion shares were traded on Monday, lower than the last 20-session average of 17.2 billion. Advancers outnumbered decliners by a 1.36-to-1 ratio on the NYSE. On the Nasdaq, a 1.09-to-1 ratio favored advancing issues.
Positive News on AI Space
Anthropic, the owner of the Claude AI platform has filed Form S-1 with the Securities and Exchange Commission (SEC) for a planned listing on the Nasdaq Composite under ticker symbol “ANT.” Anthropic’s Claude competes with OpenAI’s ChatGPT and Alphabet Inc.’s (GOOGL - Free Report) Gemini.
The company’s major products include generative AI-driven coding tool Claude Code, and powerful models like Claude Fable 5 and Mythos 5. Anthropic’s revenues were $16.29 billion for the first six months of 2026, soaring 1,304% from $1.16 billion during the same period last year.
Meta Platforms Inc. (META - Free Report) has decided to raise $95 billion to fund its massive capital expenditure for aggressive build-out of AI infrastructure. Out of this, an initial $35 billion will be raised in common and preferred stock offerings. This includes about $22.5 billion in Class A common stock and $12.5 billion in Series A mandatory convertible preferred stock.
Space Exploration Technologies Corp. (SPCX - Free Report) CEO Elon Musk said that the company has completed a $40 billion debt financing drive to pay for specialized chips used to power AI technologies. The company is a major customer of NVIDIA Corp.’s (NVDA - Free Report) generative AI-powered graphics processing units.
Mixed Earnings Results
Verizon Communications Inc. (VZ - Free Report) reported adjusted earnings of $1.31 per share for the third quarter of 2026, up 8.3% year over year and ahead of the Zacks Consensus Estimate of $1.27. Total operating revenues increased 1.5% year over year to $34.31 billion but missed the consensus mark of $34.81 billion.
Alliance Resource Partners L.P. (ARLP - Free Report) reported adjusted earnings of $1.10 per share in the third quarter of 2026, ahead of the Zacks Consensus Estimate of $0.82. Quarterly total revenues came in at $603.02 million, surpassing the Zacks Consensus Estimate of $588.80 million.
View the Zacks #1 Rank List
Image: Bigstock
Stock Market News for Oct 27, 2026
Wall Street closed higher on Monday to start the final trading week of a volatile October. A series of positive developments rejuvenated artificial intelligence (AI) trade. Third-quarter earnings results were mixed. All three major stock indexes ended in positive territory.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) rose 0.3% or 146.42 points to close at 52,361.58 after a choppy session. Notably, 16 components of the 30-stock index ended in positive territory, while 14 ended in negative territory. At the intraday high, the blue-chip index was up nearly 405 points.
The tech-heavy Nasdaq Composite ended at 26,169.38, advancing 0.8% or 214.04 points on strong performance of AI bigwigs. At the intraday high, the tech-laden index was up 351.48 points. The S&P 500 was up 0.7% to finish at 7,676.77.
Nine out of 11 sectors of the broad-market index ended in positive territory while two finished in negative territory. The Information Technology Select Sector SPDR (XLK), the Industrials Select Sector SPDR (XLI) and the Consumer Discretionary Select Sector SPDR (XLY) rose 1.7%, 1.4% and 1%, respectively. However, the Communications Services Select Sector SPDR (XLC) fell 1.6%.
The fear gauge CBOE Volatility Index (VIX) was down 5.5% to 18.39. A total of 16.7 billion shares were traded on Monday, lower than the last 20-session average of 17.2 billion. Advancers outnumbered decliners by a 1.36-to-1 ratio on the NYSE. On the Nasdaq, a 1.09-to-1 ratio favored advancing issues.
Positive News on AI Space
Anthropic, the owner of the Claude AI platform has filed Form S-1 with the Securities and Exchange Commission (SEC) for a planned listing on the Nasdaq Composite under ticker symbol “ANT.” Anthropic’s Claude competes with OpenAI’s ChatGPT and Alphabet Inc.’s (GOOGL - Free Report) Gemini.
The company’s major products include generative AI-driven coding tool Claude Code, and powerful models like Claude Fable 5 and Mythos 5. Anthropic’s revenues were $16.29 billion for the first six months of 2026, soaring 1,304% from $1.16 billion during the same period last year.
Meta Platforms Inc. (META - Free Report) has decided to raise $95 billion to fund its massive capital expenditure for aggressive build-out of AI infrastructure. Out of this, an initial $35 billion will be raised in common and preferred stock offerings. This includes about $22.5 billion in Class A common stock and $12.5 billion in Series A mandatory convertible preferred stock.
Space Exploration Technologies Corp. (SPCX - Free Report) CEO Elon Musk said that the company has completed a $40 billion debt financing drive to pay for specialized chips used to power AI technologies. The company is a major customer of NVIDIA Corp.’s (NVDA - Free Report) generative AI-powered graphics processing units.
Mixed Earnings Results
Verizon Communications Inc. (VZ - Free Report) reported adjusted earnings of $1.31 per share for the third quarter of 2026, up 8.3% year over year and ahead of the Zacks Consensus Estimate of $1.27. Total operating revenues increased 1.5% year over year to $34.31 billion but missed the consensus mark of $34.81 billion.
Alliance Resource Partners L.P. (ARLP - Free Report) reported adjusted earnings of $1.10 per share in the third quarter of 2026, ahead of the Zacks Consensus Estimate of $0.82. Quarterly total revenues came in at $603.02 million, surpassing the Zacks Consensus Estimate of $588.80 million.
As a result, shares of Verizon tumbled 3.5%, while shares of Alliance Resource gained 1%. Alliance Resource currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.