Nasdaq Composite rises 216 points at midday on Anthropic IPO
Published on 10/26/2026 at 19:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnthropic filing lifts chip stocks
- At 12:46 p.m. ET on October 26, 2026, the index stood at 26,172 points, up 216 points or 0.8 percent.
- Anthropic disclosed USD 16.29 billion in six-month revenue in its IPO filing.
- Tesla was the strongest major gainer, rising 6.4 percent after a Barclays upgrade.
- Durable goods orders are due October 27, 2026, at 8:30 a.m. ET.
The Nasdaq Composite stood at 26,172 points at 12:46 p.m. ET on October 26, 2026, up 216 points or 0.8 percent. Anthropic's filing disclosed USD 16.29 billion in six-month revenue, reviving demand for AI-linked chips.
Tesla was the standout large technology gainer, rising 6.4 percent after Barclays upgraded the stock and raised its price target, Fidelity reported.
Why is the Nasdaq Composite rising at midday?
Anthropic's public IPO filing returned attention to artificial intelligence demand. The filing showed USD 16.29 billion in revenue for the six months ended June, up 1,304 percent from a year earlier, Fidelity reported.
Cooling crude prices also supported stocks after oil had intensified inflation concerns. The technology, consumer discretionary and financial sectors led the advance, while communication services and consumer staples declined.
Nasdaq Composite winners and losers
Major-stock movers at midday came from the same session, with percentages reported by CNBC:
- Nvidia up 2.6 percent: chip stocks rallied after Anthropic filed for an IPO.
- Micron Technology up 2.0 percent: the semiconductor group strengthened.
- Reddit down 3.0 percent.
- Meta Platforms down 1.4 percent: the company outlined plans to raise USD 95 billion for AI investment.
The index gains 79 points from the open
The Nasdaq Composite opened at 26,092 points and had gained 79 points by 12:46 p.m. ET. Its advance followed two weekly declines and came as investors assessed a heavy technology earnings schedule.
What is next for the Nasdaq Composite?
- October 27, 2026, 8:30 a.m. ET: September durable goods orders, CNBC reports.
- October 27, 2026, 10:00 a.m. ET: Consumer confidence and new-home sales are scheduled, CNBC reports.
- October 28, 2026, 2:00 p.m. ET: The Federal Open Market Committee is scheduled to announce its policy decision, CNBC reports.
Nasdaq Composite price data for October 26, 2026
Nasdaq showed the index at 26,172 points at 12:46 p.m. ET on October 26, 2026. It was up 216 points or 0.8 percent from the October 23, 2026 close of 25,955 points. The index opened at 26,092 points.
Nasdaq Composite by the numbers on October 26, 2026
- Index: Nasdaq Composite
- Home exchange: Nasdaq, United States
- Level at 12:46 p.m. ET on October 26, 2026: 26,172 points
- Change versus previous close of October 23, 2026: up 216 points (up 0.8 percent)
- Previous close: 25,955 points
- Open: 26,092 points
- Top gainer: Tesla up 6.4 percent
- Top loser: Reddit down 3.0 percent
- Next scheduled event: October 27, 2026, 8:30 a.m. ET: September durable goods orders
