Stocks rise on AI-IPO buzz as Brazil plunges; Fed decision looms Wednesday
Tuesday, October 27, 2026 · as of Oct 27, 6:28 AM ET · covers the prior trading session
The S&P 500 gained 0.70% Monday as Anthropic's IPO filing lifted tech and energy led sectors, while Brazilian assets crashed after Lula's runoff win. Asia was split this morning, Europe is slightly lower, and Treasuries hold near 5% on the 10-year ahead of Wednesday's Fed decision and Thursday's GDP and PCE data.
Key numbers
What mattered yesterday
- Stocks rose, led by energy (XLE +3.06%) and tech (XLK +2.18%); communication services fell 3.32%. Tapeboard
- Anthropic's IPO filing revived the AI trade; Tesla rose 5%+ and Nvidia about 2%. Trading Economics
- Brazil sold off after Lula won Sunday's runoff: the Ibovespa fell 13.7% to 176,906, and US-listed XP dropped 48.4%. Trading Economics
- Dallas Fed manufacturing rose to 13.4 in October from 9.8 (no consensus found). Trading Economics
- The 10-year Treasury held at 5.00%; the 2-year slipped 1 bp to 4.68% before Wednesday's Fed decision. U.S. Treasury
Market snapshot
S&P 500
Oct 26 close · Tapeboard
Level
7,676.77
Change
+0.70% vs prior close
Nasdaq Composite
Oct 26 close · Tapeboard
Level
26,169.38
Change
+0.82%
Dow
Oct 26 close · Tapeboard
Level
52,361.58
Change
+0.28%
Russell 2000
Oct 26 close · Tapeboard
Level
2,786.42
Change
+0.38%
Nikkei 225
Oct 27 close · Trading Economics
Level
63,268
Change
+1.73% vs prior close
Hang Seng
Oct 27 close · Trading Economics
Level
23,041
Change
-0.7%
Shanghai Composite
Oct 27 close · Trading Economics
Level
3,648.3
Change
-1.33%
KOSPI
Oct 27 close · Trading Economics
Level
5,638
Change
+3.09%
STOXX 50
Oct 27, ~6:25am ET · Trading Economics
Level
~6,113
Change
-0.1% vs prior close
FTSE 100
Oct 27, ~6:25am ET · Trading Economics
Level
~10,668
Change
down >1%
DAX
Oct 27, ~6:25am ET · Trading Economics
Level
~25,360
Change
slightly lower
CAC 40
Oct 27, ~6:25am ET · Trading Economics
Level
7,817
Change
-0.4%
US index futures
Oct 27, ~6:25am ET · Trading Economics
Level
"mixed"; levels unavailable
Change
—
2-year Treasury
Oct 26 · U.S. Treasury
Level
4.68%
Change
-1 bp vs Oct 23
10-year Treasury
Oct 26 · U.S. Treasury
Level
5.00%
Change
0 bp vs Oct 23
SOFR
Oct 23 (latest published) · NY Fed
Level
3.92%
Change
—
EFFR
Oct 23 (latest published) · NY Fed
Level
3.88%
Change
—
Europe & US futures (report time)
·
Level
Change
DXY
Oct 27, ~6:25am ET · Trading Economics
Level
102.25
Change
+0.29% vs prior close
EUR/USD
Oct 27, ~6:25am ET · Trading Economics
Level
1.1139
Change
-0.31%
USD/JPY
Oct 27, ~6:25am ET · Trading Economics
Level
157.78
Change
+0.18%
WTI crude
Oct 26 close · Tapeboard
Level
$101.11/bbl
Change
-2.09%
Gold
Oct 26 close · Tapeboard
Level
$4,023.90/oz
Change
+0.40%
Copper (live)
Oct 27, ~6:25am ET · Trading Economics
Level
$6.56/lb
Change
+0.78% vs prior close
US close
·
Level
Change
Asia latest session
·
Level
Change
Rates
·
Level
Change
FX (live)
·
Level
Change
Commodities
·
Level
Change
Why it mattered
Reported: Markets price ~90% odds of a Fed hold this week and ~82% odds of a December hike (Trading Economics). HSBC fell 6%+ on a profit miss (Trading Economics).
Our read (commentary, not investment advice): Stocks are leaning on AI while rates price a Fed closer to hiking than cutting; a hot PCE Thursday could test that.
Today's calendar
ET times (Trading Economics):
- 8:30 — Durable goods orders, Sep (consensus +1.5%; prior 0%)
- 10:00 — Conference Board consumer confidence, Oct (consensus 81; prior 81.9); new home sales, Sep (consensus 0.65M)
- 13:00 — ECB President Lagarde speaks
- Earnings: Coca-Cola, Boeing, Robinhood
- Ahead: Fed Wed 14:00; GDP/PCE Thu 8:30; ECB Thu 9:15
Business lens
- Dairy (USDA NDPSR, week ending Oct 17, vs prior week): blocks $1.3856/lb ($1.4309), butter $1.3547 ($1.3659), NDM $1.9959 ($1.9661), whey $0.7260 ($0.7196); barrels unavailable. (USDA AMS)
- FMMO September all-market average: Class III $16.04/cwt, Class IV $18.94/cwt. (USDA AMS)
- CME: Monday spot and Class III/IV settles unavailable; latest USDA week shows blocks and butter lower.
- Feed: Monday settles unavailable; live Oct 27 indications: corn ~$4.55/bu and soybeans ~$12.48/bu near multi-week lows, wheat ~$6.16/bu (Trading Economics). Soymeal unavailable.
- Fuel: Diesel $6.276/gal, week of Oct 19, +9.7¢ w/w; Oct 26 unavailable (EIA).
- Freight: DAT reefer spot $3.66/mi, -2¢, week of Oct 10–16 (AJOT/DAT).
- Rates: SOFR 3.92% (Oct 23).
Our read (commentary): Low butter caps Class IV despite firmer NDM, and sliding blocks point to a soft October Class III. Cheap feed helps margins, but $6+ diesel and floating-rate debt near 4% eat into it.
Tapeboard: Stock Market Today, October 26, 2026
tapeboard.com
Trading Economics: US stock market
tradingeconomics.com
Trading Economics: Brazil stock market
tradingeconomics.com
Trading Economics: Dallas Fed Manufacturing Index
tradingeconomics.com
Trading Economics: US dollar
tradingeconomics.com
Trading Economics: UK stock market
tradingeconomics.com
Trading Economics: Economic calendar
tradingeconomics.com
U.S. Treasury daily yield curve rates
home.treasury.gov
NY Fed reference rates (SOFR, EFFR)
markets.newyorkfed.org
USDA AMS National Dairy Products Sales Report
mpr.datamart.ams.usda.gov
EIA Gasoline and Diesel Fuel Update
eia.gov
AJOT: DAT spot truckload rates, week 42
ajot.com