US stocks rose in early trading on Monday, October 26, 2026, with technology shares among the stronger performers. Anthropic’s proposed initial public offering put artificial intelligence spending in focus as investors prepared for major corporate earnings and the Federal Reserve’s policy decision later in the week.
Key Takeaways
- All three major US indexes advanced in the early-session snapshot, led by the S&P 500.
- Anthropic proposed a Nasdaq listing under ANT, but its offering size and price range remained undetermined.
- Technology earnings and the October 28 Fed decision were the next scheduled events in focus.
US stocks advance, with chips and Tesla outperforming
The S&P 500 gained 0.57%, ahead of the Nasdaq Composite’s 0.46% rise and the Dow Jones Industrial Average’s 0.45% advance. These figures describe early trading, not the session’s closing results.
Semiconductor shares posted a larger gain than the broad benchmarks. Tesla rose 5.9% to its highest level in more than three months following Barclays’ upgrade to overweight from equal weight.
The strength was not uniform across AI-linked companies. Specialist cloud providers CoreWeave and Nebius traded lower after Elon Musk warned about financing access for businesses dependent on AI data centers. His comments were an assessment of funding conditions, not confirmation that either company had lost access to financing.
| Item | Details |
|---|---|
| Dow Jones Industrial Average | Up 0.45% in early trading on October 26. |
| S&P 500 | Up 0.57% in early trading. |
| Nasdaq Composite | Up 0.46% in early trading. |
| Philadelphia semiconductor index | Up about 1%. |
| Tesla | Up 5.9%, reaching a more-than-three-month high. |
Anthropic’s proposed offering puts AI economics in focus
Anthropic disclosed rapid revenue growth alongside steep losses in its IPO filing, highlighting the contrast between demand for AI services and the expense of developing the technology.
Anthropic’s announcement of its proposed Class A share offering confirms that it filed a Form S-1 with the Securities and Exchange Commission and intends to list on the Nasdaq Global Select Market under ANT. The share count and proposed price range had not been determined.
The company said its registration statement had not yet become effective. The filing therefore represents a step toward a possible listing, rather than a completed offering.
Earnings and the Fed are next on the calendar
About a third of S&P 500 companies were scheduled to report earnings during the week, including Alphabet, Microsoft and Amazon. Their results would provide further evidence on revenue growth and the costs associated with large AI investments.
The Federal Reserve’s October 28 policy decision was widely expected to bring a pause following its September rate increase. September Personal Consumption Expenditures inflation data and third-quarter GDP were due on October 29; the expected policy pause was not a confirmed decision.
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This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.
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