Nasdaq 100 Climbs on Chip Rally, Boeing Sinks 10%: Stock Market Today

5% as fresh money for the artificial intelligence buildout pulled tech stocks higher. Meta Platforms Inc.

(NASDAQ:META) sparked the move after a $25 billion share sale ended about five times oversubscribed. The suppliers got the reward: Nvidia Corp.

3%; Advanced Micro Devices Inc. 1% Meta slipped about 1%.

2 in September, well above the 81 economists expected, as gasoline prices eased. 5% forecast.

73%. 31%.

The Federal Reserve’s two-day policy meeting began Tuesday. Chair Kevin Warsh will deliver a decision at a press conference on Wednesday, Oct.

28. Read Also: Nvidia's Credit Risk Has Tripled This Year — and Just Passed Meta's Oil Eases Iranian military officials reportedly met with Saudi, Turkish and Pakistani officials in Tehran on Monday.

48. 55.

4% to $80,341. 7% to 7,732, adding 55 points.

2% to 52,459, as The Boeing Co. (NYSE:BA) dragged.

The planemaker now expects to reach a 737 production rate of 47 jets a month in early 2027 rather than this year, and guided to about $3 billion of free cash flow in 2027, well below consensus. 5 billion of Boeing’s market value by midday.

The Coca-Cola Co. 6% despite beating third-quarter estimates and raising its earnings growth outlook.

Tesla Inc. com Inc.

(NASDAQ:AMZN) and Alphabet Inc. 5%.

53. m.

6%. 1%.

3%. 1%.

Chipmakers Lead As Refiners Sink With Crude Technology led the market. 8%.

Energy lagged. 5%.

8% and financials and health care slipped. Earnings Drive Major Moves SoFi Technologies Inc.

4% after third-quarter adjusted earnings of 18 cents per share topped the 17-cent estimate. The lender raised its 2026 earnings guidance to 61 cents and guided to about 90 cents for 2027, above the 81 cents analysts expected.

8% after third-quarter sales beat estimates on growth in its water solutions business. 70 per share and said pool destocking is complete.

AI infrastructure names extended the rebound. Applied Digital Corp.

4% after closing Monday at its lowest level in a year, and Credo Technology Group Holding Ltd. (NASDAQ:CRDO) gained 9%.

Geothermal developer Fervo Energy Co. 3%, alongside data-center power names.

On the Downside Xylem Inc. 28 billion estimate.

70. Armstrong World Industries Inc.

39 estimate and the company trimmed its full-year profit outlook on rising costs. Valero Energy Corp.

(NYSE:VLO) dropped 7% with the refiners, as Phillips 66 (NYSE:PSX) and Marathon Petroleum Corp. (NYSE:MPC) each slid about 6%.

Euronet Worldwide Inc. 4% after cutting its 2026 guidance on weakness in its cross-border payments business.

Looking Ahead Visa Inc. 44 per share.

F5 Inc. 26), Waste Management Inc.

18) and CoStar Group Inc. (NASDAQ:CSGP) (34 cents) also report.

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