Closing Bell: Tech Gains Lift Dow, S&P 500, Nasdaq and Small Caps

U.S. stocks rose on Tuesday, lifted by AI-related equities and earnings, as traders and investors anticipated the Fed decision on interest rates Wednesday. 

The S&P 500 (SPX) gained 0.60%, the Dow Jones Industrial Average ($DJI) added 0.03%, and the Russell 2000 (RUT) climbed 1.16%. The Nasdaq-100 (NDX) was up 1.29%, lifted by lingering enthusiasm for Anthropic after its Monday IPO filing. 

The 10-year Treasury yield rose to 4.993%. The U.S. WTI crude oil benchmark remained elevated but declined roughly 1.5% to $100.24 per barrel. The decline set the tone for risk ahead of the FOMC interest rate decision Wednesday afternoon. 

Four things to watch from Tuesday's market action: 

Boeing (BA) Shares Tumble Nearly 11%

The aerospace and defense giant offered guidance that disappointed the Street. In the company's earnings call Tuesday, CEO Kelly Ortberg warned that 737 jet production will be slower than expected this year. Boeing now expects free cash flow to reach its $10 billion target in 2029, a year later than investors expected, according to Reuters. See Boeing (BA) Tumbles as Turnaround Costs Mount | Morning Trade Live 

Earnings Reports Mixed 

SoFi (SOFI) jumped 15% after raising revenue guidance to $5.04 billion. Pentair (PNR) leapt 13% on a guidance raise. Royal Caribbean Cruises (RCL) advanced 8% on better-than-expected Q3 earnings and raised 2026 guidance. UPS (UPS) gained 3% after its report beat estimates, and it raised its full-year revenue outlook. PayPal (PYPL) rose 2% despite a revenue miss; its earnings topped estimates and it increased its profit forecast. Coca-Cola (KO) shares moved lower despite beating estimates and raising its full-year EPS growth outlook. Conversely, Xylem (XYL) was among the biggest decliners in the S&P 500, down about 14%, after cutting full-year adjusted EPS guidance and missing Q3 estimates. Whirlpool (WHR) lost ground after a big earnings miss. JetBlue (JBLU) surged more than 20% despite a Q3 loss, on expectations of wider Q4 margins. See SOFI 'Grown Up:' Earnings Back Tech Valuation Premium, if Growth Stays Strong and Tuesday's First Moves: SOFI & RCL Rally After Earnings, PYPL Beats 

Oil-and-Gas Companies Slide 

Energy investments moved lower as high-level negotiations in Iran Monday, including Saudi Arabia, Turkey, and Pakistan, fueled hope of greater regional security. Even with the oil-price retreat, the average global crude-oil freight rate has surged over the past year. This could reduce refiners' overall demand for crude or skew it toward more closely located suppliers, according to Goldman Sachs energy research reported by Dow Jones Newswires. U.S. refiners Valero Energy (VLO), Marathon Petroleum (MPC), and Phillips 66 (PSX) were among the top S&P 500 laggards Tuesday. Major integrated oil companies Chevron (CVX) and ExxonMobil (XOM) also moved lower. See Why Crude Oil Bears Should Eye $90 & How Selloff Gives Fed Lots of Breathing Room 

Nvidia investing in Meta Offering 

Nvidia (NVDA) announced it will invest $3 billion in a Meta Platforms (META) equity offering. In exchange, Meta will expand the deployment of Nvidia hardware to support its artificial intelligence models. Meta said it was launching a stock offering of about $37.5 billion, with an additional $60 billion offering next year. See the Schwab Network insights, news and performance analysis on technology. 

For more on the remaining slate of earnings and economic data to come this week, see Week Ahead: Earnings and FOMC Interest Rate Decision in Focus 

This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any decisions.

Schwab Network is brought to you by Charles Schwab Media Productions Company (“CSMPC”). CSMPC is a subsidiary of The Charles Schwab Corporation and is not a financial advisor, registered investment advisor, broker-dealer, futures commission merchant, or forex dealer member.

Charles Schwab Media Productions Company and all third parties mentioned are separate and unaffiliated, and are not responsible for one another's policies, services or opinions.

Data contained herein is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed. All events and times listed are subject to change without notice.