{
  "id": 16968179,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-28T21:52:42.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/world/us-stocks-eye-big-tech-earnings-fed-holds-rates-steady-6501351"
  },
  "original_language": "en",
  "account": "On Wednesday, October 28, US stocks experienced a mixed session before closing higher, as investors digested the Federal Reserve's decision to keep interest rates steady. The central bank opted to hold rates, citing a need for more data to combat inflation despite ongoing price pressures. Two dissenting members of the panel advocated for an immediate rate increase.\n\nThroughout the day, major US indices traded within a narrow range, with the S&P 500 ending up 0.3 percent. B. Riley Wealth Management's Art Hogan emphasized that the market's primary focus this week is analyzing earnings from major companies, particularly those in artificial intelligence, such as Microsoft and Alphabet, which is Google's parent company.\n\nFed Chair Kevin Warsh explained that the Fed's objective is to prevent price changes in certain sectors from spilling over into the broader economy. He also stated that the Fed requires more information in the coming weeks to determine the appropriate policy stance to bring inflation back to its 2 percent target.\n\nEarlier in the day, SK hynix, a South Korean chipmaker, delivered a strong quarterly report, with operating profits seven times higher than the previous year. The company plans to return an additional $45 billion to shareholders. SK hynix's performance contributed to a significant rally in the tech sector, with Seoul's Kospi index surging over six percent.\n\nAI-related stocks saw a broad increase after Anthropic, the creator of Claude AI, reported a staggering 1,300 percent revenue growth in the first half of the year. The company also announced heavy capital spending, fueling optimism ahead of an anticipated IPO next month. Although AI stocks experienced a downturn earlier in the month due to concerns about massive investments and debt levels, investor sentiment improved following Anthropic's IPO announcement.\n\nIn other markets, oil prices rose as reports emerged that the United States planned to launch a new military attack in Iran following the upcoming midterm elections. The US dollar, meanwhile, cooled slightly after Warsh's press conference, indicating that the central bank may not require further rate hikes at this time.",
  "summary": null,
  "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": "RTHK News - Finance",
        "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",
        "published": "2026-10-28T21:18:12.000Z"
      },
      {
        "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": "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."
}