SPY is trading at $769.66, up +0.56%, as renewed enthusiasm for AI after Anthropic’s IPO filing supported chipmakers and technology shares, helping lift the broader index.
- Easing oil prices also soothed inflation concerns.
- The Federal Reserve’s ongoing meeting kept investors focused on Wednesday’s rate decision.
- The Fed decision and major technology-company earnings scheduled for October 28 may influence the next session; they were upcoming catalysts, not reported causes of the October 27 gain.