As of 10:50 AM IST, Wednesday 28 October 2026. US figures are Tuesday's closing levels (1:30 AM IST). Asian figures are intraday as of about 9:10 AM IST and will change before the close.
Wall Street closed higher on Tuesday as chip stocks extended their rebound, and Asian markets followed on Wednesday, led by a surge in South Korea. The big event comes tonight: the US Federal Reserve's interest-rate decision, due at about 11:30 PM IST.
US close, Tuesday 27 October
According to Reuters and CNBC:
- Dow Jones Industrial Average: up 15.99 points, or 0.03%, to 52,377.57.
- S&P 500: up 45.83 points, or 0.60%, to 7,722.60.
- Nasdaq Composite: up 308.43 points, or 1.18%, to 26,477.81.
Technology led the S&P 500's sectors, while energy fell the most as crude prices eased, Reuters said. Chip stocks rose for a third straight session on optimism around Anthropic's IPO filing. Boeing fell 10.7% after cutting its production outlook, Xylem slid 14.2% after trimming its forecasts and UPS rose 5.8% after raising its outlook. Meta fell 1.6% after upsizing its equity raise.
After the bell, CNBC reported NXP Semiconductors down 9%, Seagate down 6% despite beating estimates, Robinhood down almost 5% and Visa down 2%, while PPG Industries rose 7%.
Asia on Wednesday
Asian shares rallied on AI enthusiasm. As of about 12:42 PM Tokyo time (9:12 AM IST), Bloomberg's markets wrap reported:
- Kospi: up 6.6%, led by a 10% jump in SK hynix after record results. CNBC put the Kospi gain at 6.25%.
- Japan's Topix: up 0.4%. Reuters reported the Nikkei up 1.2% in early trade.
- Hang Seng: up 0.4%; Shanghai Composite: up 0.7%; S&P/ASX 200: up 0.1%.
- MSCI Asia Pacific index: up 1.4%.
The New Zealand dollar fell sharply after the Reserve Bank of New Zealand unexpectedly left rates unchanged.
Oil, gold and yields
Brent crude rose 1.4% to about $115.40 a barrel, snapping a two-day losing streak, and WTI rose 1.3% to $101.22, according to Bloomberg. It linked the move to a Wall Street Journal report that the US told several Gulf countries to be prepared for a short, intense military campaign after the midterm elections. Spot gold fell 0.4% to $4,044.59 an ounce, and the 10-year US Treasury yield rose two basis points to 5.02%.
The Fed tonight
The Fed is widely expected to hold its target range at 3.75% to 4.00% after raising rates in September. Its statement is due at 2 PM ET (11:30 PM IST), followed by Chair Kevin Warsh's press conference. Bloomberg said investors saw less than a 10% chance of a move this week but were pricing a hike at the December meeting. JPMorgan analysts said they expect at least two hawkish dissents, Reuters reported.
Also this week: Alphabet and Microsoft report after the US close on Wednesday, Amazon on Thursday, the European Central Bank and Bank of Japan decide later in the week, and the US midterm elections are on 3 November.
Related reading on HorizonDesk
- Wall Street open on 27 October: oil eases, gold near $4,000
- The Fed is raising rates again: what it means for your money
- US Treasury yields above 5% and mortgage rates
- Gold above $4,000: why the metal is wobbling
Sources
- Reuters via StreetInsider: Wall Street ends higher on revived AI momentum
- CNBC: Stock market news for 27 October 2026
- CNBC: Stocks making the biggest moves after hours
- Bloomberg via swissinfo.ch: Tech stock rally extends before Fed, oil climbs
- Reuters via Business Recorder: Stocks get AI lift, dollar holds steady ahead of Fed decision
Disclaimer: This article is for information only and is not investment advice or a recommendation to buy, sell or hold any security. HorizonDesk is not registered with SEBI as an investment adviser or research analyst. Please consult a SEBI-registered professional before making investment decisions.
