Stock market recap for Wednesday, October 28, 2026
The Fed pauses, stocks rise
A third straight gain for the S&P 500 and the Dow. Oracle shined and Alphabet fell after the bell.
How Wall Street closed
| S&P 500 | 7,743.98 | +0.28% |
|---|---|---|
| Nasdaq | 26,549.85 | +0.27% |
| Dow Jones | 52,475.10 | +0.19% |
| SemiconductorsSOX index | 11,684.00 | +1.75% |
| VIXfear index | 16.91 | −3.48% |
Close on Wednesday, October 28, 2026.
The Fed holds rates steady
The vote was 10 to 2: Lisa Cook and Beth Hammack wanted a quarter-point hike. The 10-year Treasury yield topped 5%.
Ben · the Mentor
Ben · the MentorOracle soars on new targets
At its investor day, it laid out long-term financial targets that excited the market.
Jesse · the Master
Jesse · the MasterAlphabet falls after its report
Cloud sales doubled to $30.7 billion, but earnings per share came in below expectations. Microsoft rose after the bell on its Azure cloud.
Ben · the Mentor
Ben · the MentorThe day's winners and losers
| Vertiv | +16.48% |
|---|---|
| Wendy's | +15.15% |
| Oracle | +10.73% |
| Logitech | −12.12% |
| Enphase | −16.03% |
| F5 | −20.43% |
Wendy's received a buyout offer from Trian. Enphase, Logitech and F5 fell after their reports.
Oil is back above $100
WTI rose almost 3% and closed above $100 again. Gold and the dollar slipped.
| Brent crude | $115.32 | +1.26% |
|---|---|---|
| WTI crude | $102.78 | +2.88% |
| Gold | $4,051.60 | −0.56% |
| DollarDXY index | 102.19 | −0.13% |
| 10-year Treasuryyield | 5.05% |
Futures, price at Wednesday's close.
Bitcoin holds at $80,000
| Bitcoin24-hour change | $80,025 | −0.73% |
|---|---|---|
| Ethereum24-hour change | $2,323 | −0.56% |
Price on Thursday at 9:11 a.m. ET.
Sources: Yahoo Finance, Fortune, The Motley Fool, StockTitan, Interactive Brokers, CoinGecko.
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Educational content from The Trading Path. Not financial advice or a recommendation to buy or sell. Index, bond, commodity and dollar figures at the session close; crypto at the time the recap was prepared.