S&P 500 and Nasdaq advance on AI momentum
US equity markets closed higher with the S&P 500 up 0.60% at 7722.60 and the Nasdaq Composite up 1.18% at 26477.81 amid AI-related gains while the Federal Reserve began its two-day policy meeting expected to hold the fed funds rate in the 3.75%-4% range.
Our consistency check flagged this edition: the summary and the regime reading did not fully agree. Both are shown as published; read the regime section with that in mind.
Summary
- Finance
- US equity markets closed higher with the S&P 500 up 0.60% at 7722.60 and the Nasdaq Composite up 1.18% at 26477.81 amid AI-related gains while the Federal Reserve began its two-day policy meeting expected to hold the fed funds rate in the 3.75%-4% range.
- The nearest high-impact calendar risk is the Federal Reserve policy decision due Wednesday with markets pricing in at least two more hikes by mid-2027.
- Tech
- The freshest market-moving development is Anthropic's public US IPO filing alongside SK Hynix reporting record Q3 profit of 83.3 trillion won and a 100 trillion won shareholder return plan, lifting AI-infra and semis sectors.
- Disasters
- Ukrainian forces reported territorial gains via Operation Veles and a US-brokered localized ceasefire held in Oleshky while Cyclone Arnab made landfall in India's Andhra Pradesh.
- Crypto
- SK Hynix posted record results on AI chip demand and Datavault AI shares plunged nearly 50% after the firm said it cannot access bitcoin holdings from a prior deal.
Market regime
Read over 5 days- The evidence behind each pillar, with its date
- The drivers and our tactics for this regime
- What changed since the previous edition
Opens to everyone on 4 Nov 2026. Every edition does, after 7 days.
The S&P 500 gained 0.60% to close at 7722.60 while the Nasdaq Composite gained 1.18% to 26477.81 led by technology and AI-related stocks. 83% of S&P 500 companies reporting Q3 results beat expectations. Boeing posted a bigger-than-expected third-quarter loss sending shares down nearly 10%. Royal Caribbean gained after raising its full-year profit forecast on strong Q3 results. The Federal Reserve opened its two-day meeting on Tuesday with a decision due Wednesday and markets pricing in at least two more hikes by mid-2027.
S&P 500 and Nasdaq rise on AI momentum ahead of Fed decision and earnings
- FactS&P 500 gained 0.60% to close at 7722.60 and Nasdaq Composite gained 1.18% to 26477.81 led by technology and AI-related stocks.
- Every claim with the source it rests on
- Why it matters and what to watch next
- Our sector calls for this beat
Datavault AI cannot withdraw bitcoin credited via a $150 million Scilex deal from Biconomy since a June 2026 request, requiring restatement of multiple financial periods. The accounting correction will reduce reported assets by $92.2 million at end-2025 as the BTC cannot be recognized as a company digital asset. Hackers breached Bithumb's internal mobile groupware system used by employees for messaging and work, separate from the trading platform with no customer crypto assets lost.
Datavault AI Shares Plunge Nearly 50% After Unable to Access Bitcoin Holdings
- FactDatavault AI cannot withdraw bitcoin credited via a $150 million Scilex deal from Biconomy since a June 2026 request, requiring restatement of multiple financial periods.
- Every claim with the source it rests on
- Why it matters and what to watch next
- Our sector calls for this beat
Anthropic made its US IPO filing public laying out promise, costs and risks of building frontier AI. Broadcom and other AI stocks rose on continued capex data and financing deals. SK Hynix reported Q3 operating profit of 83.3 trillion won up 632% YoY and will return approximately 100 trillion won to shareholders this year. Revenue for first half of 2026 reached $16.3 billion for Anthropic while posting $80.7 billion net loss primarily from accounting charges. Users reported cracks appearing on the inner screen of Apple's first foldable iPhone Duo shortly after launch.
Anthropic IPO filing puts AI investment boom to the test as chip stocks rebound
- FactAnthropic made its US IPO filing public laying out promise, costs and risks of building frontier AI.
- Every claim with the source it rests on
- Why it matters and what to watch next
- Our sector calls for this beat
A federal grand jury in Washington rejected the Justice Department's request to indict former White House aide Cassidy Hutchinson regarding her 2022 testimony about President Trump's actions on January 6, 2021. Among likely voters, 52% support the Democratic candidate for Congress compared to 44% for the Republican. A plurality of likely voters say their vote is mainly against President Trump. President Trump claimed without evidence that Luiz Inácio Lula da Silva's reelection victory looked like another rigged election.
Grand jury declines to indict Cassidy Hutchinson over Jan. 6 testimony
- FactA federal grand jury in Washington rejected the Justice Department's request to indict former White House aide Cassidy Hutchinson regarding her 2022 testimony about President Trump's actions on January 6, 2021.
- Every claim with the source it rests on
- Why it matters and what to watch next
- Our sector calls for this beat
Ukrainian troops conducted previously unannounced Operation Veles using underground gas pipelines to outflank Russian positions near Kupiansk. Zelensky stated Ukraine's battlefield positions are the strongest in a long time following the series of offensives including Operation Vivaldi. A ceasefire brokered with involvement of Melania Trump took effect to deliver humanitarian aid and enable evacuations after years of shortages of food, water and medicine. Strikes hit university campus, Southern Bridge, medical centers and residential areas with no military facilities nearby.
Zelensky Says Ukrainian Forces Recapturing Territory Through Multiple Offensives
- FactUkrainian troops conducted previously unannounced Operation Veles using underground gas pipelines to outflank Russian positions near Kupiansk.
- Every claim with the source it rests on
- Why it matters and what to watch next
- Our sector calls for this beat
Cyclone Arnab made landfall near Kakinada with sustained winds of 125-135 km/h and gusts up to 150 km/h, causing flooding, uprooted trees and power outages. Approximately 180,000 people were evacuated from vulnerable areas in Andhra Pradesh and Odisha. A magnitude-7 earthquake on October 22 killed 16 people and injured 76 in Nagqu, Tibet. Sudden flooding on October 26 affected Phuket City and two other districts, impacting around 100 homes with mud and rocks.
Cyclone Arnab makes landfall in India's Andhra Pradesh
- FactCyclone Arnab made landfall near Kakinada with sustained winds of 125-135 km/h and gusts up to 150 km/h, causing flooding, uprooted trees and power outages.
- Every claim with the source it rests on
- Why it matters and what to watch next
- Our sector calls for this beat
Government data reported 10,060 confirmed Ebola cases and 4,887 deaths as of late October with the outbreak spread to multiple countries. State health department reported 1,360 measles cases across 44 counties as of October 26. Shuford, appointed in April 2026 to help stabilize the agency, will leave November 12 after midterm elections. Sweeping alterations to ACIP and childhood immunization recommendations have left the committee without members to issue new guidance.
Congo Ebola outbreak exceeds 10,000 cases with nearly 4,900 deaths
- FactGovernment data reported 10,060 confirmed cases and 4,887 deaths as of late October.
- Every claim with the source it rests on
- Why it matters and what to watch next
- Our sector calls for this beat
Sources
25- Publisher, headline and date for every source
- Primary documents marked
Opens to everyone on 4 Nov 2026. Every edition does, after 7 days.
Written by an AI model from the sources above; facts are attributed to a source, readings are labelled as ours. Checked by automated source and consistency gates. Not financial advice. How an edition is made.