Anthropic IPO Filing, Fed Meeting Begins, Big Tech Earnings Ahead
By Tom LoBianco | Quincy News Correspondent
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Washington (Quincy News) — Market Recap: U.S. stocks rose Monday as Anthropic’s public IPO filing added momentum to the artificial intelligence trade. The S&P 500 gained 0.7%, the Nasdaq climbed 0.8% and the Dow rose 0.3%. Chip stocks were among the beneficiaries of renewed AI enthusiasm.
Anthropic, the company behind Claude, reported first-half revenue of $16.3 billion and a net loss of $80.7 billion. The loss included a $72.4 billion accounting charge related to financing agreements. The offering could value the company at around $2 trillion, according to reports, but its final valuation and offering terms have not been announced.
The filing also highlighted risks from increasingly advanced AI, including the possibility that development could outpace the company’s ability to evaluate and safeguard its models.
Oil prices fell Monday as diplomatic efforts to ease Middle East tensions tempered concerns about supply disruptions. Brent crude futures settled down 0.8% at $115.81 a barrel, while U.S. WTI fell 1.46% to $101.76.
Today’s Focus: The Federal Reserve begins its two-day policy meeting today, with policymakers widely expected to leave interest rates unchanged. The decision is due Wednesday at 2 p.m. ET, followed by Chair Warsh’s press conference at 2:30 p.m. ET.
UPS reported quarterly revenue of $22.9 billion Tuesday and raised its full-year revenue outlook to approximately $92.6 billion.
Alphabet and Microsoft report earnings Wednesday, followed by Amazon on Thursday, offering investors another look at the costs and returns of the industry’s AI expansion.
ON THE SCHEDULE FOR TUESDAY, OCTOBER 27, 2026
-Federal Reserve begins its two-day policy meeting
-8:30 a.m. ET – September durable-goods orders
-10 a.m. ET – October consumer confidence and September new-home sales
-Wednesday, 2 p.m. ET – Federal Reserve interest-rate decision
-Wednesday, 2:30 p.m. ET – Fed Chair Kevin Warsh’s press conference
-Wednesday, after the market closes – Microsoft and Alphabet earnings
-Thursday, 8:30 a.m. ET – Third-quarter GDP advance estimate; September personal income and spending, including PCE inflation; and weekly initial jobless claims
-Thursday, after the market closes – Amazon and Intel earnings
-Friday, 8:30 a.m. ET – Third-quarter Employment Cost Index
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