S&P 500 gains 46 points as Broadcom revives AI trade
Published on 10/27/2026 at 22:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAI rally and policy dates
- The S&P 500 closed at 7,723 points on October 27, up 46 points or 0.6 percent.
- Broadcom's Anthropic chip-financing deal helped lift technology shares by 1.5 percent.
- Broadcom gained 4.0 percent, while Fair Isaac fell 13.2 percent among major movers.
- The Federal Reserve announces its rate decision on October 28 at 2:00 p.m. ET.
The S&P 500 closed at 7,723 points on October 27, 2026, up 46 points or 0.6 percent. An AI-led technology rally outweighed weakness in energy shares as the Federal Reserve began its policy meeting.
Broadcom climbed 4.0 percent after announcing financing that gives Anthropic access to its AI chips, Associated Press via Yahoo Finance reports.
Why did the S&P 500 rise on Tuesday?
Chip stocks extended their rebound after Anthropic filed for a potential initial public offering. Reuters said the filing helped revive demand for AI-related shares after recent pressure on the trade.
Nearly half of S&P 500 companies had reported third-quarter results, with 83 percent beating estimates, according to Reuters. Energy stocks fell as crude prices eased, while information technology gained 1.5 percent and energy lost 2.2 percent, according to TipRanks.
Winners and losers in the S&P 500
Top and bottom performers at the close on October 27, 2026, according to Economic Times:
- Synopsys up 5.6 percent
- Akamai Technologies up 5.3 percent
- Fair Isaac down 13.2 percent
- Coterra Energy down 8.6 percent
The majority of S&P 500 stocks declined despite gains in influential AI shares, according to the Associated Press.
Weekly gains reach 1.3 percent
The S&P 500 gained 98.92 points or 1.3 percent for the week through October 27. It was up 877.10 points or 12.8 percent for the year, based on the closing summary from the Associated Press.
What comes next for the S&P 500
- October 28, 2026, 2:00 p.m. ET: Federal Reserve rate decision; a hold is widely expected, Investrade says.
- October 28, 2026, after 4:00 p.m. ET: Microsoft and Alphabet report third-quarter results, according to Schwab Network.
- October 29, 2026, 8:30 a.m. ET: Advance third-quarter GDP and September PCE inflation data are due, according to The Edge Malaysia.
S&P 500 price data for October 27, 2026
The S&P 500 closed at 7,723 points on October 27, 2026, up 46 points or 0.6 percent versus the previous close of 7,677 points, according to Reuters. The prior close was 7,676.77 points.
S&P 500 by the numbers on October 27, 2026
- Index: S&P 500
- Home exchange: New York Stock Exchange, United States
- Close on October 27, 2026: 7,723 points
- Change versus previous close of October 26, 2026: up 46 points (up 0.6 percent)
- Previous close: 7,677 points
- Top gainer: Synopsys up 5.6 percent
- Top loser: Fair Isaac down 13.2 percent
- Next scheduled event: October 28, 2026, 2:00 p.m. ET: Federal Reserve rate decision
