US stocks opened higher on Monday, October 26, 2026, as semiconductor and AI-linked shares surged following Anthropic’s public IPO filing. The Dow Jones Industrial Average rose 212 points, or 0.4%, while the S&P 500 and Nasdaq Composite each gained 0.3% and 0.4%, respectively. Chipmakers led the rally, with Nvidia up 1.4%, Micron Technology climbing 2.3%, Broadcom adding 1.5%, and AMD gaining 1.3%.
Anthropic, the company behind the Claude AI chatbot, publicly filed for an IPO with the SEC, planning to list on the Nasdaq under the ticker “ANT.” The company reported $16.29 billion in revenue for the first half of 2026, up from $1.16 billion a year earlier, but also posted a net loss of $80.75 billion. The filing comes as investors seek fresh catalysts to sustain the AI trade, which has been a major driver of gains in US technology stocks.
A decline in oil prices also supported equities, with Brent crude futures falling 1.4% to $115.02 a barrel and US WTI crude dropping 2% to $101.01 a barrel. The retreat in crude prices offered relief to investors concerned about energy costs and inflationary pressures.
Investors are also preparing for a busy week of corporate earnings and the Federal Reserve’s interest rate decision on Wednesday. Fed funds futures indicated a roughly 90% probability that policymakers would leave interest rates unchanged at the current target range of 3.75% to 4%. Meanwhile, cryptocurrency-related investments faced pressure after US-listed spot Bitcoin ETFs recorded $635.49 million in net outflows on Friday, their largest single-day outflow since June.