Wall Street rises on Monday as chip stocks gain after Anthropic's IPO filing; Nasdaq up about 1.2%
US stock indexes were higher in Monday afternoon trading, led by technology shares, at the start of a week with the Fed's rate decision and results from Microsoft, Alphabet and Amazon. Figures as of about 16:15 GMT.
US stock indexes were higher in afternoon trading on Monday 26 October, as technology and chip shares rose after AI company Anthropic filed for a stock market listing, MT Newswires and Reuters reported. The New York close comes at 20:00 GMT, after this report.
As of about 16:15 GMT, the Nasdaq Composite was up 1.2% at 26,275.3, the S&P 500 up 0.9% at 7,694.7 and the Dow Jones Industrial Average up 0.3% at 52,389.6, according to MT Newswires. Reuters said the S&P 500 and Nasdaq were on course for their biggest one-day gain in more than a month.
The Philadelphia semiconductor index was up more than 3%, Reuters reported. Tesla rose about 6%; Reuters linked the move to a Barclays upgrade of the stock to “overweight”, while MT Newswires also cited Tesla’s post that Latvia had approved its supervised Full Self-Driving system. JetBlue Airways fell 14% to a record low, MT Newswires reported, citing Bloomberg.
The two-year Treasury yield rose three basis points to 4.71% and the 10-year yield was steady at 4.99%, according to MT Newswires.
About a third of S&P 500 companies report results this week, including Microsoft, Alphabet and Amazon, and the Federal Reserve announces its rate decision on Wednesday, Reuters said.
See also: Wall Street’s Friday close and Anthropic’s IPO filing.
Sources
- Update: US Equity Indexes Rise After Anthropic Files for Nasdaq IPO · MT Newswires (via Yahoo Finance)
- Wall St eyes best day in a month as Anthropic's IPO filing propels AI stocks · Reuters (via StreetInsider)
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