Summary
Companies
Indexes: Dow down 0.14%, S&P up 0.16%, Nasdaq up 0.38%
Boeing slips after bigger-than-expected Q3 loss
Royal Caribbean gains after raising FY profit forecast
General Motors up after announcing listing switch to Nasdaq
Oct 27 (Reuters) – The S&P 500 and ​Nasdaq advanced on Tuesday as easing oil prices supported risk appetite ahead of the Federal Reserve’s policy ‌decision this week, while investors also assessed a raft of key corporate earnings.
The Fed is widely expected to hold rates steady on Wednesday following an increase last month, though markets are pricing in at least two more hikes by mid-2027 as key inflation indicators remain elevated amid the ongoing US-Iran ​conflict.
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Brent crude slipped for the second straight session in volatile trading, though it still held near its highest level ​since late April.
At 09:57 a.m. ET, the Dow Jones Industrial Average (.DJI), opens new tab fell 73.92 points, or 0.14%, ⁠to 52,287.66. The S&P 500 (.SPX), opens new tab gained 12.45 points, or 0.16%, to 7,689.22, while the Nasdaq Composite (.IXIC), opens new tab rose 98.08 points, or 0.38%, ​to 26,267.46.
A 3.4% drop in shares of paintmaker Sherwin-Williams (SHW.N), opens new tab following a quarterly profit miss weighed on the Dow.
Six of the 11 major ​S&P 500 sectors advanced, with tech (.SPLRCT), opens new tab leading gains, while energy (.SPNY), opens new tab lagged.
Megacap and growth stocks traded mixed. Tesla (TSLA.O), opens new tab shares climbed close to 3%, building on their more than 5% gain from the previous session.
Chip stocks (.SOX), opens new tab rose 1.8%, up for the third straight day after a bruising few weeks, while neocloud ​firms CoreWeave (CRWV.O), opens new tab and Nebius (NBIS.O), opens new tab were also trading sharply higher.
Meta (META.O), opens new tab fell 1.1% after the company increased its largest-ever equity fundraising to $97.5 billion to ​fund AI expansion. The effort has also drawn interest of up to $5 billion in total from Nvidia (NVDA.O), opens new tab, Advanced Micro Devices (AMD.O), opens new tab and Broadcom (AVGO.O), opens new tab.
The plan comes ‌as growing ⁠concerns over the viability of debt-funded spending in the face of rising borrowing costs have weighed on AI trade this month.
Against that backdrop, investors will now look to earnings from hyperscalers Alphabet (GOOGL.O), opens new tab, Microsoft (MSFT.O), opens new tab and Amazon.com (AMZN.O), opens new tab later this week for evidence that hefty AI investments are translating into growth.
“If we see positive surprises and (earnings) raises on any of these AI stocks that are reporting from ​now until the Anthropic IPO, ​I think it’s a very ⁠positive environment for the companies,” said Peter Andersen, founder of Andersen Capital Management.
AI lab Anthropic revealed its filing for a US initial public offering on Monday, taking a big step towards a potentially ​record-breaking listing even as it disclosed steep losses and security concerns.
Among other movers, Boeing (BA.N), opens new tab eased ​1.8% after reporting ⁠a bigger-than-expected loss in the third quarter, while water-management company Xylem (XYL.N), opens new tab dropped 8.8% after trimming full-year forecasts.
Royal Caribbean (RCL.N), opens new tab rose 6.5% after the cruise operator lifted full-year profit forecast, while General Motors (GM.N), opens new tab gained 5% following its plan to switch its stock listing to Nasdaq.
Investors are also looking ahead to the ⁠November 3 ​midterm elections, which will decide control of the US Congress.
Advancing issues outnumbered decliners ​by a 1.16-to-1 ratio on the NYSE and by 1.24-to-1 on the Nasdaq.
The S&P 500 posted four new 52-week highs and no new lows, while the ​Nasdaq Composite recorded 26 new highs and 127 new lows.
Reporting by Shashwat Chauhan and Utkarsh Hathi in Bengaluru; Editing by Shilpi Majumdar

General Motors announced Tuesday that it will transfer its stock listing from the New York Stock Exchange to Nasdaq next month, a move the Detroit automaker said reflects its growing focus on technology and innovation.
The company said its shares are expected to begin trading on the Nasdaq Global Select Market on Nov. 17 under the existing ticker symbol “GM.”
“GM’s customer-focused, technology-driven strategy is creating value for our stockholders, making Nasdaq a natural home for our listing as we grow,” GM Chief Financial Officer Paul Jacobson said in a statement. “We’re grateful for our long-standing partnership with the New York Stock Exchange and its remarkable legacy.”
GM, which operates the Chevrolet, Buick, GMC and Cadillac brands, has increasingly emphasized advanced vehicle technology as a key part of its long-term growth strategy.
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The listing change comes as GM continues investing in technologies aimed at making vehicles safer, smarter and more efficient, while expanding its electric vehicle offerings.
The transfer could make GM eligible for inclusion in the Nasdaq-100 Index, which tracks 100 of the largest non-financial companies listed on the exchange, but inclusion is not guaranteed.
GM LETTING SOME EV OWNERS SELL ELECTRICITY BACK TO THE US POWER GRID
GM shares will remain listed on the NYSE through the close of trading on Nov. 16.
The automaker said existing shareholders will not need to take any action as a result of the transfer.
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GM did not announce any changes to its business operations in connection with the stock exchange transfer.

Ford’s upcoming electric truck integrates an onboard inverter to dramatically slash the cost, hardware, and utility red tape of home backup power.
Ford’s upcoming electric truck integrates an onboard inverter to dramatically slash the cost, hardware, and utility red tape of home backup power.
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53 mins ago
Nvidia to invest $3 billion in Meta as companies expand AI partnership
Nvidia announced Monday that it plans to invest $3 billion in Meta as the technology giants expand their partnership to develop more powerful artificial intelligence models and agents.
The companies said they will deepen their collaboration on Meta’s Muse family of AI models, focusing on improving performance, reducing costs and supporting growing demand for AI agents capable of performing tasks on users’ behalf.
According to Nvidia’s announcement, Meta also plans to expand its use of Nvidia’s next-generation Vera Rubin computing infrastructure, Vera CPUs and advanced networking technology to support increasingly demanding AI workloads.
“AI agents represent a new computing paradigm — software that understands our goals, reasons, uses tools and gets work done on our behalf,” Nvidia CEO Jensen Huang said in the announcement.
Meta CEO Mark Zuckerberg said the expanded partnership would help the company bring its vision of personalized AI assistants to a broader audience.
The companies are also exploring additional collaboration on security tools designed to monitor AI agent behavior and support safer deployment of autonomous systems.
The announcement comes as major technology companies race to develop AI agents capable of handling increasingly complex tasks with less human intervention.
Posted by Stephen Sorace
2 hours ago
OpenAI launches 6.1 Terra AI model
OpenAI launched its new GPT-6.1 Terra artificial intelligence model Tuesday, touting its ability to understand what’s on a computer screen, operate applications and complete complex workplace tasks faster and at a lower cost.
The ChatGPT maker said the model combines advanced visual reasoning with computer-use capabilities, allowing it to perform tasks ranging from filling out forms and drafting proposals to interpreting technical drawings and editing videos.
“6.1 Terra is here! It is good at a lot of things, but we are especially excited for this new era of computer use,” OpenAI CEO Sam Altman wrote on X.
In its announcement, OpenAI said GPT-6.1 Terra represents a significant improvement over its predecessor, GPT-5.6 Terra, with standard API prices 50% lower than those of the previous model.
The company also reported improvements in accuracy and coding performance, saying the new model substantially reduced factual errors in internal testing and more than doubled its predecessor’s score on a software engineering benchmark.
GPT-6.1 Terra is available to ChatGPT Plus, Pro, Enterprise and Edu subscribers through ChatGPT Work and Codex, as well as to developers through OpenAI’s API.
Posted by Stephen Sorace
2 hours ago
Anthropic discloses breaches, security-related training pause in IPO filing
Artificial intelligence giant Anthropic disclosed that four of its AI models gained unauthorized access to external computer systems during security testing, while concerns over protecting its technology delayed training of a next-generation model for more than a month, according to a regulatory filing Monday.
The Claude chatbot maker revealed in its initial public offering filing with the Securities and Exchange Commission that the four models accessed real third-party systems during cybersecurity evaluations lasting roughly 10 to 34 hours of active work.
Anthropic said a misconfiguration during testing by a third-party partner left the models connected to the internet despite instructions that web access be disabled.
In one incident, an early version of a model discovered a password, gained administrator access to a third-party system, obtained additional credentials, changed system settings and accessed an individual’s personal information.
The company said affected parties were notified and its investigation found no evidence that the models attempted to evade human oversight, coordinated with other agents or pursued objectives beyond their assigned tasks.
Separately, Anthropic disclosed that it delayed pre-training a new advanced AI model for more than a month to strengthen safeguards against the theft of model weights and intellectual property.
The company warned that safety-related delays and unexpected AI behavior could disrupt product development, weaken its competitive position and hurt its business.
The disclosures come as Anthropic prepares for its Wall Street debut amid growing scrutiny of the risks posed by increasingly powerful and autonomous AI systems.
Posted by Stephen Sorace

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