01 Stock Market
As of Oct 28, the U.S. major indexes closed as follows: Dow Jones up 0.03% at 52,377.57; S&P 500 up 0.60% at 7,722.60; NASDAQ up 1.18% at 26,477.81. The tape was supported by continued strength in technology and AI-linked shares, while traders also positioned for the Federal Reserve’s policy statement. Treasury yields moved higher and the dollar firmed, but equities still managed a second straight session of gains.
Unusual-move stocks were dominated by semiconductors, AI infrastructure, and select industrial names. Among the biggest gainers, SOXL rose 11.69% at $101.08, SOFI up 13.42% at $16.40, NBIS up 11.22% at $170.47, AMD up 5.45% at $560.26, CRWV up 7.94% at $59.57, VRT up 4.39% at $208.56, MU up 2.77% at $928.76, and INTC up 3.61% at $93.74. On the downside, BA fell 10.69% at $168.18 after softer delivery expectations, while META declined 1.64% at $620.19, NFLX fell 2.16% at $62.52, and GLW declined 1.13% at $126.30. For U.S.-listed Chinese stocks, notable movers included SIMO up 7.92% at $204.17, EPOW up 15.31% at $4.52, and UPC down 22.22% at $2.24.
Several other notable movers also reflected earnings, guidance, or company-specific catalysts. TSLA rose 4.04% at $407.46, AVGO gained 4.00% at $342.33, STX advanced 3.67% at $667.85, and LITE climbed 5.88% at $866.18. In contrast, MEGL plunged 53.45% at $0.33, MF fell 20.06% at $8.37, CNET declined 20.19% at $0.83, and CCM fell 10.40% at $3.49. The range of moves suggests investors are still rewarding AI supply-chain exposure while punishing names tied to weaker operational updates or financing pressure.
02 Other Markets
U.S. 10-year Treasury yield rose by 0.00%, latest at 4.99.
USD/CNH rose 0.0045%, at 6.71; USD/HKD fell 0.0036%, at 7.84.
U.S. Dollar Index rose 0.0000%, at 102.35.
WTI crude futures rose 0.02%, at 99.92 USD/bbl; COMEX gold futures rose 0.04%, at 4,076.20 USD/oz.
03 Top News
1. Seagate posted stronger-than-expected earnings and lifted its dividend, but the stock fell after hours. The company reported fiscal first-quarter adjusted earnings of $7.68 a share on revenue of $4.23 billion, both ahead of estimates. Management also guided second-quarter adjusted earnings above consensus and raised the quarterly dividend by 2.7%.
2. Boeing won a $499 million Army contract modification for Apache helicopter support. The Pentagon said the award covers engineering support and technical services for the AH-64 program. The work is expected to run through 2031, reinforcing Boeing’s defense backlog even as its commercial aircraft unit faces pressure.
3. Boeing warned that 737 Max delivery targets will be missed, deepening turnaround concerns. Executives said the company needs more time to stabilize production at 47 jets a month. The update pushed the stock lower and raised fresh questions about cash flow and profitability in the commercial segment.
4. Oracle expanded its AI chip partnerships with Nvidia, Google, and Cerebras. The cloud company said it will scale its Nvidia-based systems and begin offering Google TPU chips for the first time. The move broadens customer choice for AI workloads and strengthens Oracle’s position in the infrastructure race.
5. Google began rolling out Genie 4 to a limited group of trusted testers. The company said the release is part of its research push around next-generation AI tools. The controlled rollout suggests Google is testing capability and safety before a wider launch.
6. Microsoft prepared to report earnings with Azure growth and capital spending in focus. Analysts expect the company to post higher revenue and profit, led by cloud demand. Investors are watching whether infrastructure constraints and AI-related spending continue to support long-term growth.
7. Alphabet is expected to report higher third-quarter profit as TPU revenue ramps. Analysts see stronger sales and earnings, supported by Google Cloud demand and early TPU monetization. The report could help clarify how quickly Alphabet can convert AI infrastructure into revenue.
8. Visa beat earnings estimates as consumer spending held up across categories. The payments company said travel, shopping, and dining remained resilient despite macro uncertainty. Higher payments volume and processed transactions point to steady demand across its network.
9. Tesla and Turo launched the first verified Full Self-Driving rental experience. Drivers can now rent a Tesla through Turo and try the system for a few days. The partnership gives consumers a hands-on test of Tesla’s driver-assistance technology and may support adoption.
10. Anthropic released its IPO draft and disclosed massive infrastructure commitments. The filing showed more than $500 billion in future hardware and lease obligations tied to partners including Amazon, Google, Broadcom, SpaceX, and AMD. The prospectus also sparked attention around the company’s governance language and fundraising needs.
Sources: Reuters, Dow Jones, Tiger Newspress, public market dataDisclaimer: This content is for reference only and does not constitute investment advice.
