Lola Evans
27 Oct 2026, 01:35 GMT+10
NEW YORK, New York - U.S. stocks opened the new week with a broad-based rally on Monday as AI stock Anthropic filed for its long-anticipated IPO.
"The market needed this, just like it needed SpaceX," Jay Woods, chief market strategist at Freedom Capital Markets, told CNBC Monday. "This is a big confidence booster, and I anticipate the demand is going to be there because people have been waiting and talking about this one for a long time."
The NASDAQ Composite was the standout performer Monday, climbing 214.04 points, or 0.82 percent, to close at 26,169.38. The index traded between 25,986.56 and 26,306.82 during the session, remaining well above its 52-week low of 20,690.25.
The Standard and Poor's 500 followed with a gain of 53.11 points, or 0.70 percent, to settle at 7,676.79 on volume of 2.695B. The broad-market benchmark ranged from 7,639.70 to 7,702.13, comfortably above its 52-week low of 6,316.91.
The Dow Jones Industrial Average rose 146.42 points, or 0.28 percent, to 52,361.58, having traded between 52,263.25 and 52,620.19. The blue-chip index remains above its 52-week low of 45,057.28.
The session's gains were broad-based, though the Nasdaq's 0.82 percent advance outpaced the Dow's more modest 0.28 percent rise, reflecting continued strength in growth-oriented sectors.
U.S.Dollar Strengthens Across the Board in Monday's Foreign Exchange Trading
The U.S. dollar advanced against all major counterparts on Monday, with the greenback posting gains versus every major currency in the latest round of foreign exchange quotes.
The euro slipped against the dollar, with EUR-USD trading at 1.1181, a move of 0.19 percent. \
The British pound also weakened Monday, as GBP-USD stood at 1.3347, down 0.20 percent. The Australian dollar declined as well, with AUD-USD at 0.7020, a loss of 0.23 percent.
The dollar's strength was equally evident against the other major currencies. USD-JPY rose to 157.4800, a gain of 0.39 percent for the greenback. USD-CAD climbed to 1.4020, up 0.12 percent, while USD-CHF advanced to 0.8274, an increase of 0.29 percent.
The broad-based move left no major currency untouched, with the dollar's largest gain coming against the Japanese yen and its smallest against the Canadian dollar.
Global Stock Markets End Monday Mixed as Canadian, UK, European Bourses Extend Gains While Asian Tech Weighs
World stock markets closed Monday's session with a split performance, as European indices pushed higher while several Asian benchmarks retreated. The session's divergent moves reflected a continued rotation of capital across regions.
In Canada, the S&P/TSX Composite index added 155.98 points, or 0.44 percent, to close at 35,944.16 on volume of 235.54M. The index moved between 35,827.94 and 36,076.75 during the session, well above its 52-week low of 29,530.90.
The FTSE 100 in London rose 76.97 points, or 0.72 percent, to close at 10,767.33. The session saw the index trade between a low of 10,689.94 and a high of 10,774.47, well above its 52-week low of 9,423.90.
In Europe, Germany's DAX P added 229.19 points, or 0.91 percent, to finish at 25,410.84, having ranged from 25,217.15 to 25,509.80. The CAC 40 in Paris gained 64.50 points, or 0.83 percent, to settle at 7,847.32.
The broader EURO STOXX 50 I advanced 48.01 points, or 0.79 percent, to 6,116.23. The Euronext 100 Index climbed 12.71 points, or 0.69 percent, to 1,857.20, while in Belgium Monday, the BEL 20 edged up just 1.95 points, or 0.03 percent, to 5,783.75.
Asian markets were largely softer. Hong Kong's HANG SENG INDEX was a notable exception, rising 118.44 points, or 0.51 percent, to 23,211.81.
In mainland China, the SSE Composite Index added 7.04 points, or 0.19 percent, to 3,697.52 on volume of 329.759M. Japan's Nikkei 225 was the day's biggest decliner among major benchmarks, falling 503.51 points, or 0.80 percent, to 62,189.65.
In Singapore, the STI Index slipped 6.25 points, or 0.12 percent, to 5,415.91.
Australia's S&P/ASX 200 [XJO] added 14.70 points on Monday, or 0.17 percent, to 8,809.90, while the ALL ORDINARIES [XAO] gained 20.80 points, or 0.23 percent, to 8,926.60.
In New Zealand, the S&P/NZX 50 INDEX GROSS dipped 12.87 points, or 0.09 percent, to 13,733.93.
In India, the S&P BSE SENSEX rose 482.92 points, or 0.66 percent, to 73,606.75. In contrast, Indonesia's IDX COMPOSITE fell 66.16 points, or 1.22 percent, to 5,373.09, and Malaysia's FTSE Bursa Malaysia KLCI declined 7.20 points, or 0.45 percent, to 1,604.36.
In South Korea, the KOSPI Composite Index dropped 80.83 points, or 1.46 percent, to 5,469.47, while Taiwan's TSEC CAPITALIZATION WEIGHTED ST tumbled 846.37 points, or 1.81 percent, to 46,041.43.
In the Middle East and Africa on Monday, Israel's TA-125 gained 73.06 points, or 1.81 percent, to 4,108.05.
In Egypt, the EGX 30 Price Return Index fell 817.40 points, or 1.66 percent, to 48,416.90 on volume of 257.938M.
South Africa's Top 40 USD Net TRI Index rose 52.28 points, or 0.81 percent, to 6,521.61.
(This report incorporates quotes retrieved with the assistance of artificial intelligence).
Related stories:
Friday 23 October 2026 | Dow Jones tumbles 654 points on threat of Mideast hostilities escalation | Big News Network.com
Thursday 22 October 2026 | Wall St tumbles on reports Israel/U.S. plan to resume bombing of Iran | Big News Network
Wednesday 21 October 2026 | U.S. stocks take off as SpaceCX delivers stunning 3rd-quarter result | Big News Network
Tuesday 20 October 2026 | Dow Jones surges 531 points Tuesday while tech sector slides | Big News Network
Photo credit: RNA Media
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationSAO PAULO, Brazil: Brazilian right-wing Senator Flavio Bolsonaro has followed his imprisoned father's lead by refusing to concede...
NEW YORK CITY, New York: Johnson & Johnson's experimental prostate cancer drug produced substantial declines in a key cancer marker...
BERLIN, Germany: German police said they had detained a suspect after a fire broke out at a historic mountain guest house known as...
YILAN/TAIPEI: Typhoon Champi left one person dead and more than 500 injured as it swept past Taiwan on October 24, bringing powerful...
DUBAI, U.A.E.: Iran has prepared plans to attack undersea communications cables in the Middle East if the United States and Israel...
PARIS, France: Hundreds of thousands of people took to the streets across France on October 24 to protest against rising living costs...
(Photo credit: Mark Hoffman) A revamped Wisconsin roster will look to bounce back from an early NCAA Tournament exit when the Badgers...
(Photo credit: Bill Streicher) LeBron James is playing center for the first time in a long time and holding his own in the unfamiliar...
(Photo credit: Ross Harried) The Dallas Cowboys and Philadelphia Eagles have been two of the most disappointing teams during the...
(Photo credit: Kamil Krzaczynski) No. 21 Southern California tips off a potentially pivotal 2026-27 season against Milwaukee on Nov....
(Photo credit: Christopher Hanewinckel) Nikola Jokic recorded 35 points, 15 rebounds and 10 assists, Jamal Murray poured in 42 points...
(Photo credit: Mike Watters) Keyone Jenkins threw a 4-yard touchdown pass to Grayson Brousseau to open the second overtime, then...
