US Market Summary October 26, 2026: Tech stocks rebound on Anthropic IPO filing, S&P 500 up 0.7%

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The US market on October 26 in a nutshell

The US market on Monday, October 26, saw all three major indices rise, led by tech stocks.

It was a day where the IPO filing of AI company Anthropic brought back expectations for AI-related stocks, leading to a rebound in technology stocks that had been sold off at the end of the previous week.

A rebound to recover from the previous week’s decline. However, this week is a critical one with the FOMC and major tech earnings ahead.

Movement of major indices

• S&P 500: 7,676.77 (+0.70%)

• NASDAQ Composite: 26,169.38 (+0.82%)

• NY Dow: 52,361.58 (+0.28%)

• Russell 2000 (Small-cap index): 2,786.42 (+0.38%)

• VIX (Fear Index): 18.39 (-5.45%)

Interest rates, currencies, and commodities are as follows.

• US 10-year Treasury yield: 4.99% (mostly flat)

• Dollar-Yen: 157.56 yen (+0.68%, yen weakening)

• WTI Crude Oil: $101.25 (-1.96%)

• Gold: $4,031.0 (+0.58%)

The VIX has fallen below the 20 level, suggesting that market caution has eased for the time being.

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Today’s featured topics and why they moved

Anthropic files for IPO, buying interest in AI-related stocks

It was reported that AI development company Anthropic has submitted a registration statement (S-1) to the US Securities and Exchange Commission for an IPO on the Nasdaq market. The planned ticker is ANT.

The revenue growth shown in the filing is seen as easing the concerns of investors who were worried about a slowdown in the AI boom. Tech stocks such as optical communication component maker Lumentum were bought, driving the rise in the Nasdaq.

Meta’s massive fundraising and caution toward neo-clouds

Meanwhile, it was reported that Meta is planning to raise up to $95 billion in capital through a stock offering for AI infrastructure, causing its share price to fall by nearly 2%.

Additionally, a group of companies known as neo-clouds, which lease out AI-focused data centers, saw selling pressure as the difficult fundraising environment was highlighted. It was a day where fortunes diverged even within the AI sector.

Crude oil falls on expectations of easing tensions in the Middle East

WTI crude oil fell by nearly 2% on expectations that tensions between the US and Iran would ease. However, the price remains high at over $100 per barrel, and its impact on prices and interest rates remains a point of focus.

Individual major movements

• Tesla: Rose 5-6% following an upgrade by a major brokerage

• Range Resources: Surged significantly following a merger agreement with major natural gas company EQT

• Brazil-related stocks: Fell sharply following the results of the presidential runoff election

Even within AI, companies that demonstrated earning power were bought, while those with heavy capital burdens were sold. The market is beginning to differentiate based on fundamentals.

Sector strength and weakness

Strong sectors

Weak/flat sectors

• Financials: +0.21%

• Healthcare: 0.00%

• Utilities: -0.02%

• Consumer Staples: -0.34%

At the end of last week (October 23), energy and defensive stocks were being bought, while technology was being sold. This day saw a reversal of that trend, with capital returning to sectors sensitive to the economy and growth.

Notable Earnings

Earnings on the Day

Telecom giant Verizon announced its earnings before the market opened. While it raised its subscriber outlook, revenue fell short of market expectations, and the stock’s reaction remained muted.

Notable Earnings for This Week to Next Week (Dates are in Japan Standard Time)

• October 29: Microsoft, Alphabet (after the close on October 28, US time)

• October 29: Eli Lilly (before the open on October 29, US time)

• October 30: Amazon (after the close on October 29, US time)

• November 3: Apple (after the close on November 2, US time)

• November 8: Berkshire Hathaway

Microsoft and Alphabet will announce their earnings on the same day as the FOMC (Federal Open Market Committee, the meeting that determines US monetary policy) results are released.

The focus is on the scale of capital investment in AI and whether it is generating corresponding revenue. Since these companies account for a large portion of the S&P 500, it will be a week where the index’s overall movement is easily influenced.

Perspective as a Long-Term Index Investor

This week, the FOMC and major tech earnings coincide, which may lead to increased volatility.

However, an index like the S&P 500 is designed to absorb the hits and misses of individual company earnings across 500 firms. A single company’s earnings or a single meeting does not collapse a long-term growth scenario.

During weeks with major events, do not change your strategy. Continuing to invest steadily is the long-term investor’s greatest weapon.

We value viewing news as material for understanding market background rather than directly linking it to trading decisions.

Summary

• On October 26, tech stocks rebounded following Anthropic’s IPO filing, and the S&P 500 rose 0.7%

• Crude oil fell on hopes of easing tensions, and the VIX also declined, signaling a retreat in caution

• This week features a concentration of the FOMC meeting and earnings from Microsoft, Alphabet, and Amazon

It is a week full of events, but let’s continue to look at things with a long-term perspective while calmly organizing the numbers.

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