What are today's top business/market headlines?

Sources conflict

The GuruFocus snippet describes Meta's stock sale as nearly $100 billion while Bloomberg describes it as a $25 billion share sale.

Here are today's (October 28, 2026) top business and market headlines:

Markets & Fed Watch

•The Dow, S&P 500, and Nasdaq rose as semiconductor stocks led the tech sector higher. The S&P 500 posted consecutive gains, buoyed by a strong performance in semiconductor stocks and a decline in oil prices, signaling renewed investor optimism.

•All eyes are on the Fed: The rate announcement is set for Oct. 28 at 2 p.m. ET and will be followed by a press conference at 2:30 p.m. The Fed is expected to hold rates steady, but what it says about future hikes could rattle the AI trade.

•US consumer confidence recovered in October as gas prices eased a bit. Bloomberg separately reported that US Consumer Confidence Rises for First Time in Four Months.

•Gold steadied near $4,000 as traders prepared for the Fed rate call, though it retreated on a stronger dollar.

Big Corporate Moves

•EQT agreed to buy Range Resources in a $13 billion deal to create the top US gas producer.

•Meta's nearly $100 billion stock sale saw strong demand, with proceeds earmarked for artificial intelligence infrastructure and development — Bloomberg specified Meta Platforms Inc.'s $25 billion share sale was five times oversubscribed, while Oracle Corp. expanded its partnership with OpenAI.

•Boeing reported a narrower Q3 loss but said it will not significantly increase 737 Max production until late 2027, disappointing investors and sending shares lower.

•JetBlue shares surged after the company's Q3 results and forward guidance calmed investor concerns about demand and profitability.

•Coca-Cola hiked its earnings outlook, even as it sees muted demand in North America.

•UPS beat quarterly expectations and raised its full-year guidance again.

•GM will switch to Nasdaq from the NYSE on Nov. 17.

•HSBC shares slumped on a revenue miss, though the lender announced a $1 billion share buyback.

Regulatory/Legal

•Dollar General faces a lawsuit from the Federal Trade Commission and 20 states, accused of systematically overcharging customers at checkout by not updating shelf prices.

Global Markets

•Chinese stock markets have shed trillions in value as the country's push for AI supremacy against the U.S. weighs on investor sentiment and market stability.

•China's industrial profits posted a stronger gain as the tech boom widened the economic divide.

•In Asia overnight, Asian stocks looked poised to rise Wednesday, tracking gains on Wall Street as renewed enthusiasm for artificial intelligence lifted equities, with a closely watched gauge of US chipmakers jumping 3.6%.

The overarching theme today is the market's focus on the Fed's rate decision and an AI-fueled tech rally, set against a backdrop of major earnings (including Microsoft and Alphabet after the close) and big AI-related financing deals.

Citations (16)

1news.google.comNews and mediaquality 0.79
Business
Source excerpt: “Stock market today: Dow, S&P 500, Nasdaq rise as semiconductor stocks lead tech sector higher. ”
evidence, home page. Claim: Dow, S&P 500 and Nasdaq rose as semiconductor stocks led the tech sector higher.
2gurufocus.comData and tools
Market Today: Microsoft, Meta, Boeing, and More Make Headlines
Source excerpt: “… Villa Vie Residences halts operations as fuel costs soar: Villa Vie Residences (private), known for its "never-ending" cruise concept, suspended ope...”
background, article. Claim: General market headlines roundup of Microsoft, Meta, Boeing and others.
3fool.comCommercial contentquality 0.84
Oct 28 Could Be A Huge Day For The Stock Market
Source excerpt: “## Why the Fed’s outlook matters for AI stocks The rate announcement is set for Oct. 28 at 2 p.m. ”
evidence, article. Claim: Fed rate announcement is set for Oct. 28 at 2 p.m. ET, followed by a press conference.
4fool.comCommercial contentquality 0.84
Oct 28 Could Be A Huge Day For The Stock Market
Source excerpt: “The Fed is expected to hold rates steady, but what it says about future hikes could rattle the AI trade. ”
evidence, article. Claim: The Fed is expected to hold rates steady, but its comments on future hikes could rattle the AI trade.
5news.google.comNews and mediaquality 0.79
Business
Source excerpt: “# Business Stock market today: Dow, S&P 500, Nasdaq rise as semiconductor stocks lead tech sector higher 24 minutes ago By Grace O'Donnell CNBC Mo...”
evidence, home page. Claim: S&P 500 and other indexes rose on semiconductor strength.
6news.google.comNews and mediaquality 0.79
Business
Source excerpt: “… EQT to buy Range Resources in $13 billion deal to create top US gas producer. ”
evidence, home page. Claim: EQT agreed to buy Range Resources in a $13 billion deal to create top US gas producer.
7gurufocus.comData and tools
Market Today: Microsoft, Meta, Boeing, and More Make Headlines
Source excerpt: “- **Meta’s $100B stock sale oversubscribed for AI investment**: Meta Platforms META saw strong demand for its nearly $100 billion stock sale, with pro...”
evidence, article. Claim: Meta's nearly $100 billion stock sale saw strong demand, with proceeds earmarked for AI.
8bloomberg.comNews and mediaquality 0.84
Stock Market Today: Dow, S&P Live Updates for October 28 - Bloomberg
Source excerpt: “Meta Platforms Inc.’s $25 billion share sale was five times oversubscribed, while Oracle Corp. expanded its partnership with OpenAI.”
evidence, article. Claim: Meta's $25 billion share sale was five times oversubscribed; Oracle expanded its OpenAI partnership.
9gurufocus.comData and tools
Market Today: Microsoft, Meta, Boeing, and More Make Headlines
Source excerpt: “- **Boeing stock falls as 737 Max ramp-up delayed to late 2027**: Boeing BA reported a narrower Q3 loss but said it will not significantly increase 73...”
evidence, article. Claim: Boeing reported a narrower Q3 loss but won't significantly raise 737 Max production until late 2027.
10gurufocus.comData and tools
Market Today: Microsoft, Meta, Boeing, and More Make Headlines
Source excerpt: “- **JetBlue stock jumps 20% as outlook reassures investors**: JetBlue Airways JBLU shares surged after the company’s Q3 results and forward guidance c...”
evidence, article. Claim: JetBlue shares surged after Q3 results and guidance reassured investors.
11cnbc.comNews and mediaquality 0.85
Business News
Source excerpt: “# Business News Boeing stock sinks 9% as company says it won't significantly ramp up 737 Max production until late 2027 Leslie Josephs 17 min ago Co...”
evidence, home page. Claim: Boeing shares sank as it said it won't ramp up 737 Max production until late 2027.
12cnbc.comNews and mediaquality 0.85
Stock Markets, Business News, Financials, Earnings - CNBC
Source excerpt: “## Coca-Cola hikes earnings outlook, even as it sees lackluster demand in North America - UPS beats quarterly expectations, raises full-year guidance ...”
evidence, home page. Claim: Coca-Cola raised its earnings outlook despite weak North America demand; UPS beat expectations and raised guidance.
13cnbc.comNews and mediaquality 0.85
Stock Markets, Business News, Financials, Earnings - CNBC
Source excerpt: “Lender lines-up $1 billion share buyback - 11 Hours Ago China industrial profits post stronger gain as tech boom widens economic divide - 12 Hours Ago...”
evidence, home page. Claim: HSBC lined up a $1 billion buyback; China industrial profits posted a stronger gain.
14gurufocus.comData and tools
Market Today: Microsoft, Meta, Boeing, and More Make Headlines
Source excerpt: “- **Dollar General sued by FTC and 20 states for overcharging**: Dollar General (DG) faces a lawsuit from the Federal Trade Commission and 20 states, ...”
evidence, article. Claim: Dollar General faces an FTC and 20-state lawsuit over overcharging customers.
15gurufocus.comData and tools
Market Today: Microsoft, Meta, Boeing, and More Make Headlines
Source excerpt: “- **Chinese markets lose trillions amid US-China AI race**: Chinese stock markets have shed trillions in value as the country’s push for AI supremacy ...”
evidence, article. Claim: Chinese stock markets have shed trillions in value amid the US-China AI race.
16bloomberg.comNews and mediaquality 0.84
Stock Market Today: Dow, S&P Live Updates for October 28 - Bloomberg
Source excerpt: “# Asian Stocks Set to Gain on Resurgent AI Optimism: Markets Wrap October 27, 2026 at 10:09 PM UTC Asian stocks looked poised to rise Wednesday, trac...”
evidence, article. Claim: Asian stocks poised to rise on renewed AI enthusiasm, with a US chipmaker gauge jumping 3.6%.