{
  "id": 16963440,
  "title": "US stocks eye big tech earnings as Fed holds rates",
  "url": "https://urgent.news/2026/10/28/us-stocks-eye-big-tech-earnings-as-fed-holds-rates",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T21:18:12.000Z",
  "source": {
    "name": "RTHK News - Finance",
    "slug": "rthk-news-finance",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1875705-20261029.htm"
  },
  "original_language": "en",
  "account": "US stocks experienced a positive trend on Wednesday following a volatile day, as investors focused on the Federal Reserve's decision to maintain interest rates amid concerns about inflation. The Federal Reserve, as anticipated, kept rates steady, requesting additional data in its fight against inflation, even though inflation pressures remain high. Two dissenting panel members advocated for an immediate rate increase. Major US indices mostly closed in a positive range, albeit with a modest range. The S&P 500 closed 0.3 percent higher, the Dow Jones Industrial Average gained 0.2 percent, and the Nasdaq Composite rose 0.3 percent. Analyst Art Hogan of B Riley Wealth Management emphasized that the market's primary objective for the week would be analyzing a barrage of earnings reports, particularly from tech giants like Microsoft and Alphabet, leaders in artificial intelligence. Analysts view the earnings releases as the focal point of market activity. Fed Chair Kevin Warsh explained that the central bank's objective was to prevent price increases in certain sectors from spilling over into the broader economy, citing recent surges in energy prices. However, Warsh indicated that the Fed would require more information in the coming weeks to determine the appropriate policy stance to bring inflation back to its 2% target. The artificial intelligence sector experienced a significant boost on Wednesday, driven by impressive earnings from SK hynix, a South Korean chipmaker. SK hynix's shares surged nearly 11 percent, lifting South Korea's Kospi index more than six percent. The company disclosed plans to distribute an additional $45 billion in shareholder returns following a dramatic increase in operating profits, approximately seven times the level from the previous year. This positive news about SK hynix contributed to optimism in the AI sector, despite concerns about potential overvaluation. Earlier this month, AI stocks faced a downturn due to worries about excessive investments and debt levels in the sector. Nevertheless, enthusiasm returned following Anthropic's announcement that its first-half revenue surged about 1,300 percent, sparking excitement ahead of an anticipated initial public offering next month. AI stocks suffered earlier in the month due to apprehensions about massive investments and debt levels, but the company's IPO helped regain investor confidence. In other markets, oil prices rose following reports of a potential new US military strike in Iran after the midterm elections. The US dollar, meanwhile, showed a slight moderation after Fed Chair Kevin Warsh's press conference. Warsh suggested that the Fed's first rate hike in September had a substantial impact, suggesting the central bank may not need further rate increases soon.",
  "summary": "Wall Street stocks finished higher on Wednesday after a choppy session, digesting a status quo US Federal Reserve decision as markets monitored the latest earnings from US tech giants. The Fed, as expected, held interest rates steady, citing the need for more data in the fight against inflation despite persistently elevated pricing pressure. Two dissenting members of the panel voted for an…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "The Hill",
        "title": "Watch live: Warsh speaks after Fed votes to keep interest rates steady",
        "url": "https://urgent.news/2026/10/28/watch-live-warsh-speaks-after-fed-votes-to-keep-interest-rates-steady",
        "published": "2026-10-28T18:11:32.000Z"
      },
      {
        "outlet": "The Sydney Morning Herald",
        "title": "Fed keeps rates on hold; ASX set to rise, Wall Street steady",
        "url": "https://urgent.news/2026/10/28/fed-keeps-rates-on-hold-asx-set-to-rise-wall-street-steady",
        "published": "2026-10-28T18:16:37.000Z"
      },
      {
        "outlet": "The Age",
        "title": "Fed keeps rates on hold; ASX set to rise, Wall Street steady",
        "url": "https://urgent.news/2026/10/28/fed-keeps-rates-on-hold-asx-set-to-rise-wall-street-steady-16939355",
        "published": "2026-10-28T18:16:37.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "The Fed holds interest rates steady in a split vote before midterm elections",
        "url": "https://urgent.news/2026/10/28/the-fed-holds-interest-rates-steady-in-a-split-vote-before-midterm",
        "published": "2026-10-28T18:30:32.000Z"
      },
      {
        "outlet": "Semafor",
        "title": "Fed holds rates steady despite dissents",
        "url": "https://urgent.news/2026/10/28/fed-holds-rates-steady-despite-dissents",
        "published": "2026-10-28T19:50:15.000Z"
      },
      {
        "outlet": "MarketWatch",
        "title": "Why did the Fed hold off on raising interest rates? Warsh says it’s because an ‘information rich’ period is coming.",
        "url": "https://urgent.news/2026/10/28/why-did-the-fed-hold-off-on-raising-interest-rates-warsh-says-its",
        "published": "2026-10-28T19:56:00.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Wall Street ends higher as Fed holds key rate steady, focus turns to earnings",
        "url": "https://urgent.news/2026/10/28/wall-street-ends-higher-as-fed-holds-key-rate-steady-focus-turns-to",
        "published": "2026-10-28T20:45:40.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "US Fed holds interest rates steady despite ‘too high’ inflation",
        "url": "https://urgent.news/2026/10/28/us-fed-holds-interest-rates-steady-despite-too-high-inflation",
        "published": "2026-10-28T21:45:00.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "US stocks eye big tech earnings as Fed holds rates steady",
        "url": "https://urgent.news/2026/10/28/us-stocks-eye-big-tech-earnings-as-fed-holds-rates-steady-16975038",
        "published": "2026-10-28T21:52:00.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Wall Street ends higher as Fed holds key rate steady, focus turns to earnings",
        "url": "https://urgent.news/2026/10/28/wall-street-ends-higher-as-fed-holds-key-rate-steady-focus-turns-to-16971183",
        "published": "2026-10-28T22:07:20.000Z"
      }
    ]
  },
  "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."
}