Update: Big-Tech Pushes US Equity Indexes Higher Amid Declining Crude Oil
MT newswire2026/10/27 16:30Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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12:30 PM EDT, 10/27/2026 (MT Newswires) -- (Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.) US equity indexes rose, with technology and consumer discretionary topping the sector charts, while crude oil prices declined after midday Tuesday. The Nasdaq Composite jumped 1.2% to 26,481.2, the S&P 500 advanced 0.7% to 7,726.5, and the Dow Jones Industrial Average added 0.1% to 52,427.9. Technology and consumer discretionary topped the gainers, while energy led the decliners. Broadcom (AVGO) could generate up to $30 billion in sales by supplying artificial intelligence equipment to Anthropic under a $63 billion financing arrangement announced Monday, Truist Securities said in a client note. Eight of the 20 top-performing stocks in a category with market capitalization exceeding $200 billion each were technology firms, with Dell Technologies (DELL) topping the outperformers with a gain of 6.1% intraday, according to Finviz-compiled data. The front-month West Texas Intermediate crude oil contract dropped 1.6% to $100.13 per barrel, and global benchmark Brent retreated 1.7% to $113.90 per barrel. The Conference Board's measure of consumer confidence rose to 91.7 in October from 84.2 in September, compared with the 81.0 expected in a survey compiled by Bloomberg.
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