Alphabet plunges due to high AI spending - Microsoft impresses with strong Azure growth - ServiceNow raises AI targets yet garners skepticism - Samsung disappoints investors despite record profit
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On Wednesday, October 28, 2026, US stock markets managed to gain slightly, marking the third consecutive trading day of profits. The Dow Jones increased by 0.2% to 52,475 points, the S&P 500 rose by 0.3% to 7,744 points, and the Nasdaq Composite advanced by 0.3% to 26,550 points. The US Federal Reserve kept interest rates unchanged as expected. However, given the persistent inflation, another interest rate hike in December remained likely. At the same time, rising oil prices due to tensions in the Middle East once again fueled inflation concerns....
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