{
  "id": 16925310,
  "title": "S&P 500 pulls within 1.2% of its all-time high even as majority of its stocks fell: Broadcom, Nvidia and other AI stocks made up the difference",
  "url": "https://urgent.news/2026/10/28/s-p-500-pulls-within-1-2-of-its-all-time-high-even-as-majority-of-its",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-28T15:53:03.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/10/28/sp-500-1-2-all-time-high-broadcom-nvidia-ai-stock/"
  },
  "original_language": "en",
  "account": "On Tuesday, the S&P 500 edged closer to its all-time high, climbing 0.6% and inching within 1.2% of its record-setting peak earlier in the month. The Dow Jones Industrial Average added 25 points, while the Nasdaq composite soared 1.2%. Despite the majority of stocks within the S&P 500 falling, influential AI technology stocks propelled the index higher. Broadcom experienced a 4.2% increase after securing a $63 billion financing deal to support Anthropic's XPU AI accelerators and networking solutions. Nvidia also rose 0.8%, contributing significantly to Broadcom's success. CoreWeave saw an 8.5% surge following a volatile period of high borrowing costs for AI chips. General Motors climbed 5.6% after transferring its listing from the New York Stock Exchange to the Nasdaq, aligning with its technology-focused strategy. JetBlue Airways soared 20.3%, despite a larger-than-expected summer loss, as management anticipates returning to sustained profitability in 2028. Royal Caribbean Group also boosted the market by 5.5%, reporting stronger summer profits than anticipated. Other notable performers included Sherwin-Williams, which fell 1.9% due to weaker-than-expected profit and inflation-driven material costs. Boeing, Hilton Worldwide Holdings, and Sherwin-Williams all experienced declines, citing disappointing results and increased macroeconomic pressures. Meanwhile, U.S. consumer confidence surprised on the upside in October, defying expectations of further weakening. Oil prices softened, with a barrel of Brent crude down 1.2% to $109.41. Abroad, stock markets in Seoul and Shanghai experienced contrasting movements, with Seoul's index climbing 3.1% and Shanghai's falling 1.3%.",
  "summary": "AI stocks are on track for a second winning day after swerving for weeks on worries about whether their boom is under threat.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}