S&P 500, Nasdaq Close Higher as Fed Meeting Begins; Boeing, Energy Stocks Slide

The S&P 500 gained 0.60% and the Nasdaq jumped 1.18% as the Fed's policy meeting got underway, while Boeing and energy names fell.

The S&P 500 closed up 0.60% at 7,722.65, the Dow edged up just 0.03% to 52,377.57, and the Nasdaq Composite led with a 1.18% gain to 26,477.81. Investor's Business Daily reported that stocks traded higher Tuesday as the Federal Reserve opened its two-day gathering to decide on interest rates. The Russell 2000 of smaller companies rose 1.16%, the 10-year Treasury yield ticked up to 4.994%, and the VIX, a gauge of expected volatility, fell 4.79% to 17.51.

How the market closed
IndexCloseChange
S&P 5007,722.65+0.60%
Dow Jones Industrial Average52,377.57+0.03%
Nasdaq Composite26,477.81+1.18%
Russell 20002,818.87+1.16%
VIX (volatility index)17.51-4.79%
10-year Treasury yield4.994%+0.14%

Source: Index levels at the close · as of October 27, 2026 at 4:30 PM ET · The 10-year Treasury yield is shown as a yield; its change is the percentage change in that yield.

The biggest S&P 500 moves

Pentair led gainers, closing up 12.80%. Flex Ltd. rose 8.26% after Investor's Business Daily noted chip-linked and AI-trade names were rallying, even as Benzinga reported B of A Securities had cut its price target on the stock to $150 from $180 while keeping a Buy rating. Dell Technologies gained 7.38% and Supermicro rose 7.34%, with Benzinga noting the latter's move came amid trading activity tied to ETF flows. Bloom Energy Corporation added 7.15%.

On the downside, Xylem Inc. fell 14.21% after the company's third-quarter results, in which Financial Times and Benzinga reported the company announced plans to divest its Applied Water International and Specialty Flow Control businesses and move from four segments to three starting in 2027. Boeing dropped 10.69%, which Investor's Business Daily and MarketWatch linked to weaker-than-expected quarterly earnings. Valero Energy fell 9.24%, Marathon Petroleum declined 7.36%, and Phillips 66 lost 7.03%, moves that came as MarketWatch reported energy-linked shares were under pressure in the session.

S&P 500: the biggest moves of the day

Source: Closing prices against the prior close, S&P 500 members · as of October 27, 2026 at 4:30 PM ET

S&P 500: biggest gains today
StockCompanyCloseChange
PNRPentair$62.29+12.80%
FLEXFlex Ltd.$83.35+8.26%
DELLDell Technologies$501.57+7.38%
SMCISupermicro$35.09+7.34%
BEBloom Energy Corporation$218.50+7.15%

Source: Closing prices against the prior close, S&P 500 members · as of October 27, 2026 at 4:30 PM ET

S&P 500: biggest declines today
StockCompanyCloseChange
XYLXylem Inc.$92.86-14.21%
BABoeing$168.18-10.69%
VLOValero Energy$387.34-9.24%
MPCMarathon Petroleum$435.98-7.36%
PSXPhillips 66$268.53-7.03%

Source: Closing prices against the prior close, S&P 500 members · as of October 27, 2026 at 4:30 PM ET

Sectors

Five of the eleven sectors finished higher. Technology led with a 1.71% gain, followed by consumer discretionary, materials, utilities and industrials. Energy lagged badly, down 2.02%, with consumer staples and real estate also among the weakest performers.

Sectors today
SectorChange
Technology+1.71%
Consumer discretionary+1.04%
Materials+0.82%
Utilities+0.71%
Industrials+0.57%
Health care-0.05%
Financials-0.23%
Communication services-0.26%
Real estate-0.84%
Consumer staples-0.92%
Energy-2.02%

Source: Sector index funds, change on the day · as of October 27, 2026 at 4:30 PM ET

New highs and lows

Twelve S&P 500 stocks touched a 52-week high and four touched a 52-week low. United Rentals, Emerson Electric and Waters Corporation were among those reaching highs, while Xylem Inc., Wynn Resorts and Netflix touched new lows.

S&P 500 stocks at a 52-week high or low today
StockCompanyTouchedCloseChange
URIUnited Rentals52-week high$1,162.00+3.57%
EMREmerson Electric52-week high$166.27+2.83%
WATWaters Corporation52-week high$468.55+2.76%
XOMExxonMobil52-week high$179.88-2.53%
VTRSViatris52-week high$18.72+2.35%
WSTWest Pharmaceutical Services52-week high$398.29+0.90%
AAgilent Technologies52-week high$177.49+0.87%
IQVIQVIA52-week high$271.55-0.75%
XYLXylem Inc.52-week low$92.86-14.21%
WYNNWynn Resorts52-week low$72.42-2.40%
NFLXNetflix52-week low$62.52-2.16%
BKNGBooking Holdings52-week low$150.14-1.96%

Source: Session range against the 52-week range, S&P 500 members · as of October 27, 2026 at 4:30 PM ET · 12 at a high and 4 at a low in all; the largest moves are listed.

On the calendar

Durable goods orders rose 1.8% in September, ahead of the 1.5% consensus, while orders excluding transportation rose 0.5%, just short of the 0.6% forecast. Consumer confidence for October came in at 91.7, well above the 81 consensus, and new home sales held at 0.68 million, topping the 0.65 million forecast despite a 0.6% monthly decline. Building permits fell 0.4% in September, worse than the -0.2% consensus, and the Case-Shiller home price index rose 2.7% year over year, above the 2.5% forecast.

Tomorrow, the goods trade balance for September is due, along with the Federal Reserve's interest rate decision and statement followed by a press conference. Reporting before the open are ADP, American Electric Power, Aon, Amphenol, Biogen, Boston Scientific, Flex Ltd., Fortive and GE HealthCare, among others.

Today's US economic releases
Time (ET)ReleaseActualConsensusPrior
8:00 AMBuilding Permits MoM (Sep)-0.4%-0.2%-2.1%
8:30 AMDurable Goods Orders Ex Defense MoM (Sep)2.2%0%0.3%
8:30 AMDurable Goods Orders Ex Transp MoM (Sep)0.5%0.6%0.3%
8:30 AMDurable Goods Orders MoM (Sep)1.8%1.5%0.1%
9:00 AMS&P/Case-Shiller Home Price YoY (Aug)2.7%2.5%2.5%
10:00 AMNew Home Sales MoM (Sep)-0.6%-3.5%5.1%
10:00 AMCB Consumer Confidence (Oct)91.78184.2
10:00 AMNew Home Sales (Sep)0.68M0.65M0.68M
11:00 AMAtlanta Fed GDPNow (Q3)3.4%3.5%3.5%
4:30 PMAPI Crude Oil Stock Change (Oct/23)—0.8M-4.93M

Source: Economic calendar, US releases of high and medium impact

On the calendar for Wednesday, October 28, 2026
WhenWhatEstimate
8:30 AM ETGoods Trade Balance (Sep)-130B
2:00 PM ETFOMC Statement—
2:00 PM ETFed Interest Rate Decision4%
2:30 PM ETPress Conference—
Before the openADP (Automatic Data Processing) earnings$2.77
Before the openAEP (American Electric Power) earnings$2.05
After the closeALGN (Align Technology) earnings$2.77
Before the openAON (Aon) earnings$3.30
Before the openAPH (Amphenol) earnings$0.73
After the closeAWK (American Water Works) earnings$2.04
Before the openBIIB (Biogen) earnings$1.98
Before the openBSX (Boston Scientific) earnings$0.72
After the closeCHRW (C.H. Robinson) earnings$1.75
After the closeCMG (Chipotle Mexican Grill) earnings$0.29
After the closeCVNA (Carvana Co.) earnings$0.44
After the closeEBAY (eBay) earnings$1.41
After the closeEG (Everest Group) earnings$8.20
After the closeEQIX (Equinix) earnings$4.11
After the closeF (Ford Motor Company) earnings$0.41
After the closeFDX (FedEx) earnings$3.34
Before the openFLEX (Flex Ltd.) earnings$1.06
After the closeFTNT (Fortinet) earnings$0.86
Before the openFTV (Fortive) earnings$0.70
Before the openGEHC (GE HealthCare) earnings$1.20

Source: Economic and company earnings calendars · 50 S&P 500 companies report in all.

Sources

How this was made

Built from WiseView and market data, with reporting from the sources above. Drafted with AI assistance and reviewed by an editor before publishing. How this report is made

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