Fed holds rates steady, markets rise and key tech stocks swing
On Oct. 28, 2026 the Federal Reserve left its benchmark policy rate unchanged and upgraded its economic outlook while noting elevated inflation. The decision pushed U.S. equity indexes higher, with the Dow up 0.19%, the S&P 500 up 0.28% and the Nasdaq up 0.27%. Memory‑chip makers Micron and SK Hynix rallied, while Robinhood fell and Vertiv surged after beating forecasts.
Why it matters
The unchanged rate and upgraded outlook keep the market’s focus on a likely 25‑basis‑point hike at the December meeting, influencing short‑term interest‑rate expectations. The stock moves directly affect the listed tickers, altering their near‑term price momentum.
Key facts
- 1The Fed left its key policy rate unchanged on Oct. 28, 2026. businesstimes.com.sg
- 2The Fed upgraded its assessment of the economy while saying inflation remains elevated. businesstimes.com.sg
- 384 % of S&P 500 companies have beaten consensus earnings estimates so far this quarter. businesstimes.com.sg
- 4Micron Technology shares rose 5.9 % after the earnings release. newstribune.com
- 5SK Hynix U.S.–listed shares jumped 13.3 % following its profit surge. newstribune.com
- 6Vertiv shares surged 16.5 % after topping quarterly expectations and raising full‑year forecasts. newstribune.com
Open questions
- Probability of a 25‑basis‑point rate hike in December: 87.4 % vs 85 %.
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.