The S and P 500 closed near 7,744, up 0.28%, as semiconductors gained 1.74% after the Federal Reserve held rates steady.
CAMS Closing Market Recap.
Wednesday, October 28, 2026.
Good evening.
The S and P 500 closed near 7,744, up 0.28%, as semiconductors gained 1.74% after the Federal Reserve held rates steady.
The Nasdaq and Dow both edged higher.
Small caps also finished with a modest gain.
Six of 11 sector funds closed higher.
Technology led, while utilities lagged.
The equal-weight S and P fund slipped while the cap-weighted fund rose.
Both S P Y and Q Q Q volume finished below their recent averages.
The Federal Reserve kept its target range at 3.75% to 4.00%.
Two dissenters preferred a quarter-point increase.
The statement said inflation remains elevated while economic activity is expanding at a strong pace.
The 10-year Treasury yield ended near 5.02%.
The V I X fell to 16.80, while the dollar index declined.
W T I crude rose 2.57% to $102.47 a barrel.
The E I A reported a 1.9 million barrel drop in commercial crude inventories.
Reuters tied oil strength to Yemen fighting and renewed Middle East supply risk.
Saudi authorities had not confirmed the refinery claim, so no new outage was established.
Gold rose to about $4,082 an ounce.
Vertiv jumped 16.48% after reporting quarterly net sales growth of 61% and raising its full-year outlook.
Micron gained 5.86% after S K Hynix reported record quarterly revenue and operating profit.
The Census Bureau put September's goods deficit at $134.9 billion.
Wholesale inventories rose 0.6%, and retail inventories increased 0.3%.
Microsoft and Alphabet report after the close.
The next test is whether megacap earnings extend today's chip leadership while yields and oil remain elevated.
Market analysis, not personalized investment advice.
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