Stocks Rise in Countdown to Tech Earnings and Fed: Markets Wrap
(Bloomberg) — Wall Street traders bracing for this week’s Federal Reserve decision and results from tech giants valued at more than $10 trillion sent stocks higher as oil fell.
A rally in chipmakers helped sentiment, with the S&P 500 halting back-to-back losses. Anthropic PBC filed for an IPO. Brent crude slipped to $115. Long-term Treasuries outperformed. Bitcoin dropped below $80,000. Brazilian markets plunged as President Luiz Inácio Lula da Silva was re-elected, fueling fears that fiscal issues in Latin America’s largest economy will worsen.
Major artificial-intelligence spenders Alphabet Inc., Microsoft Corp. and Amazon.com Inc. are expected to show healthy growth when they report earnings this week. But investors will be most interested in their comments on how much they plan to spend on AI and the degree to which those investments are proving to be profitable.
With the Fed likely to remain on hold, traders will be focused on tech earnings, to gauge the strength of the AI trade as we head into year end, according to Chris Larkin at E*Trade from Morgan Stanley.
Kevin Warsh will face a familiar challenge if the Fed holds interest rates steady: He must reassure investors the central bank is committed to quashing inflation while explaining why officials chose not to raise rates.
Corporate Highlights:
SpaceX signed a roughly $40 billion equipment-finance lease with Apollo Global Management Inc. to pay for the chips needed to fuel its artificial intelligence ambitions. Meta Platforms Inc. is seeking to raise as much as $95 billion from selling common and preferred stock, tapping investors for support in the race to lead artificial intelligence’s development. Apple Inc. on Monday unveiled a revamped iPad mini with an OLED display, water-resistant design and faster chip, kicking off a week of product launches. Verizon Communications Inc. reported its strongest third-quarter performance in wireless customer additions in five years, more than twice analysts’ expectations, a sign that the first year of Chief Executive Officer Dan Schulman’s turnaround plan is bearing fruit. EQT Corp. agreed to buy Range Resources Corp. in an all-stock deal for about $12.8 billion, creating what it says will be the largest and only vertically integrated US natural gas producer. Some of the main moves in markets:
Stocks
The S&P 500 rose 0.4% as of 9:50 a.m. New York time The Nasdaq 100 rose 0.5% The Dow Jones Industrial Average rose 0.3% The Stoxx Europe 600 rose 0.7% The MSCI World Index rose 0.3% Currencies
The Bloomberg Dollar Spot Index rose 0.1% The euro fell 0.2% to $1.1181 The British pound fell 0.3% to $1.3339 The Japanese yen fell 0.4% to 157.46 per dollar Cryptocurrencies
Bitcoin fell 1% to $79,585.6 Ether fell 1.8% to $2,302.59 Bonds
The yield on 10-year Treasuries declined two basis points to 4.98% Germany’s 10-year yield was little changed at 3.35% Britain’s 10-year yield declined four basis points to 5.32% Commodities
West Texas Intermediate crude fell 1.6% to $101.59 a barrel Spot gold was little changed ©2026 Bloomberg L.P.
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