Nasdaq Rises 1.3% During Session as AI Lifts Stocks and Boeing Falls 9.2%
Key Facts
The S&P 500 rose 0.7% and the Nasdaq Composite gained 1.3% during the Oct. 27 session, according to Associated Press coverage, with gains concentrated in AI-linked stocks. The advance came despite declines in most S&P 500 stocks, as gains in heavily weighted companies offset some of the pressure on the index’s other constituents. Broadcom was among the biggest contributors, with its shares rising 4.1% during the session. The move followed its announcement of a $63 billion funding deal giving Anthropic access to its XPU accelerators and networking solutions. Nvidia shares rose 1.3%, and the agency said the company was the second-biggest contributor to the S&P 500’s advance after Broadcom.
At the close, EL7’s reading for the S&P 500 stood at 7,722.05 points on Oct. 27, compared with 7,676.77 points in the previous session. The Nasdaq Composite closed at 26,447.404 points, after 26,169.38 points on Oct. 26. These readings differ from the percentage gains reported by the Associated Press during the session: 0.7% and 1.3% describe moves at the time of coverage and do not represent closing gains. Meanwhile, the agency reported that the Dow Jones Industrial Average was up 98 points, or 0.2%, at midday Eastern time. The index was therefore not unchanged, as stated in the previous draft, while U.S. stocks continued to show a clear divergence between technology shares and the rest of the market.
Elsewhere, Boeing shares fell 9.2% during the session after the company reported a quarterly loss larger than analysts expected, according to the Associated Press. Third-quarter 2026 results showed revenue of $24.188 billion, up 4% from $23.270 billion in the same quarter of 2025. The company also posted a net loss of $116 million, compared with a loss of $5.339 billion a year earlier. The comparison shows a sharp year-over-year improvement in the net loss, but Boeing still ended the quarter in the red, which the agency cited in explaining the stock’s reaction. The company’s statement did not warn about a target to deliver 500 737 aircraft; it reported delivery and production figures in its quarterly results.
Boeing delivered 124 737 aircraft in the third quarter, compared with 121 in the same period of 2025. Deliveries of the model totaled 367 in the nine months ended Sept. 30, compared with 330 in the corresponding period last year. The company said the 737 program continued to progress toward stabilizing production at 47 aircraft a month. In the commercial airplanes segment, revenue fell 3% to $10.720 billion in the third quarter, and the segment posted a negative operating margin of 6.5%. Boeing also reported 300 net commercial airplane orders during the quarter, while total commercial deliveries came to 161 aircraft, compared with 160 a year earlier.
At the company level, the order backlog rose to a record $745 billion and included more than 6,300 commercial aircraft, according to the earnings statement. Boeing reported operating cash flow of $1.496 billion and free cash flow of $464 million in the third quarter. The figures present a mixed picture: higher revenue and a much smaller net loss than a year earlier, alongside a record backlog, versus continued operating losses in commercial airplanes and lower segment revenue. Delivery figures remain an important measure of the pace of fulfilling orders, while production stability at 47 aircraft a month is one of the progress markers the company cited for the program. The results did not support the draft’s warning about delivering 500 aircraft; the statement reported 367 737 deliveries in the nine months through the end of September.
Yields on 10-year U.S. Treasury notes fell to 4.98% on Oct. 27, from 5.00% late Monday, according to the Associated Press. This came as investors awaited the Federal Open Market Committee meeting scheduled for Oct. 27 and 28. The agency expected the Federal Reserve to leave its main interest rate unchanged at the end of the meeting, noting that the current rate is near 3.9%. The central bank’s chair is due to hold a news conference on Oct. 28 at 2:30 p.m. Eastern time. The expected decision will come at the end of the following session on the meeting schedule, as investors watch the committee statement and news conference for details on the direction of monetary policy.