Nasdaq Composite closes 1.2 percent higher: Broadcom leads AI rally
Published on 10/27/2026 at 23:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAI rebound and Fed timing
- Nasdaq Composite closed October 27, 2026 at 26,478 points, up 308 points or 1.2 percent.
- Chip stocks rallied as Anthropic's IPO plans revived AI demand before the Fed decision.
- Navitas Semiconductor led listed gainers with an 11.1 percent increase.
- The Federal Reserve announces its decision on October 28, 2026, at 2:00 p.m. ET.
The Nasdaq Composite closed at 26,478 points on October 27, 2026, gaining 308 points or 1.2 percent. An AI-led technology rally lifted the index as investors focused on the Federal Reserve's decision and fresh earnings.
Navitas Semiconductor led Nasdaq-listed gainers with an 11.1 percent increase, while Astera Labs gained 10.3 percent, 24/7 Wall St. reported. The index added 14 points from 26,464 points cited at 12:52 p.m. ET.
Why did the Nasdaq Composite rise?
Chip stocks extended their rebound after details of Anthropic's planned initial public offering revived demand for AI infrastructure. Broadcom also advanced after financing was arranged for Anthropic's AI accelerators and networking products, Reuters reported.
Meta Platforms fell after increasing its planned equity fundraising to USD 97.5 billion for AI expansion. Easing oil prices also supported risk appetite, while the Federal Reserve began its two-day meeting.
Nasdaq Composite session range and market context
The index traded between 26,219 points and 26,541 points. It finished its second straight higher session and stood 4.1 percent below its record close of 27,600 points from October 6, 2026, according to Nasdaq.
The Nasdaq Composite gained 1.2 percent, while the Dow Jones Industrial Average rose 0.1 percent. The contrast showed the advance remained concentrated in large technology and semiconductor stocks, 24/7 Wall St. said.
What comes next for the Nasdaq Composite
- October 28, 2026, 2:00 p.m. ET: The Federal Reserve announces its policy decision after its October 27-28 meeting, the Federal Reserve calendar shows.
- October 28, 2026, 2:30 p.m. ET: Federal Reserve Chair Kevin Warsh holds the post-decision press conference, Investrade lists.
- October 28, 2026, after the close: Microsoft and Alphabet are scheduled to release quarterly earnings, StockTitan reports.
- October 29, 2026, 8:30 a.m. ET: The first estimate of third-quarter US gross domestic product is due, alongside September personal income and outlays data, StockTitan reports.
Nasdaq Composite price data for October 27, 2026
The Nasdaq Composite closed at 26,477.81 points on October 27, 2026, according to Nasdaq. It gained 308 points or 1.2 percent from the previous close of 26,169 points. The session high was 26,540.81 points and the low was 26,219.31 points.
Nasdaq Composite by the numbers on October 27, 2026
- Index: Nasdaq Composite
- Home exchange: Nasdaq, United States
- Close on October 27, 2026: 26,478 points
- Change versus previous close of October 26, 2026: up 308 points (up 1.2 percent)
- Previous close: 26,169 points
- Day high / day low: 26,541 points / 26,219 points
- Top gainer: Navitas Semiconductor up 11.1 percent
- Next scheduled event: October 28, 2026, 2:00 p.m. ET: Federal Reserve policy decision
