US Stocks Rise on Chipmaker Rally Ahead of Fed Rate Decision
The S&P 500 gained 0.6% and the Nasdaq 100 rose 1.3% on Tuesday as chip stocks led, with investors awaiting the Fed's Wednesday decision.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
US stock indices closed higher on Tuesday for the second straight session, led by a strong rally in chipmaker shares. The VanEck Semiconductor ETF and the iShares Semiconductor ETF each jumped about 3%, helped by gains in AMD, Micron and Nvidia. The S&P 500 rose 0.6%, the Nasdaq 100 gained 1.3%, the Dow Jones ended roughly flat, and the Russell 2000 added 1.2%.
According to Stocktwits, central bank officials are expected to keep rates unchanged at Wednesday's meeting and focus on whether further tightening may be needed. Federal Reserve Chair Kevin Warsh has not offered specific forward guidance, and markets have one rate hike fully priced in for December.
In company news, Oracle shares gained about 4% after it announced agreements with Google, OpenAI and Cerebras, while Robinhood shares fell after hours when the broker missed revenue expectations even though trading income hit a record.
why it matters
The index gains rest mostly on technology names, so chip-sector moves have an outsized effect on the broader market. The Fed decision and any comments from Warsh will be the main reference point for stocks and Treasury yields, especially with a December hike already priced in.
market impact
US stocks and chipmakers: buying in semiconductors supports indices ahead of the Fed decision
- Semiconductor stocks pressure up — buying driven by gains in AMD, Micron and Nvidia
- S&P 500 pressure up — support from technology names ahead of the Fed decision
instruments
sources
- S&P 500, Nasdaq Jump On Chipmaker Strength As Investors Eye October Fed Decision — ORCL, HOOD, JBLU, RIVN, SMCI In Focus — Stocktwits, 27 October 2026 at 23:45 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗