This Week on Wall Street

Wall Street kicked off the week with broad gains Monday, powered by a resurgent AI trade: the S&P 500 climbed 0.70% to 7,676.77, the Nasdaq Composite jumped 0.82% to 26,169.38, and the Dow Jones added 0.28% to 52,361.58, as Anthropic's confidential IPO filing sent semiconductor stocks surging and lifted Technology up 1.85% and Communication Services up 1.20% week-to-date. Energy slid 1.35% to lead sector laggards as crude eased back from last week's spike, while Consumer Staples fell 0.95% and Utilities dropped 0.68% as investors rotated out of defensives and into risk assets. The VIX eased to 18.39, down more than 5% on the session, and the 10-Year Treasury yield held near 4.99%, while WTI crude slipped to $101.65 and gold traded near $4,015. Sentiment improved but stayed cautious — the Fear & Greed Index rose to 27, still in the Fear zone — with September's 3.7% CPI print still weighing on rate-cut hopes. It's a pivotal rest of the week: the Fed's October 28 rate decision (a hold is widely expected), earnings from Microsoft, Alphabet, and Amazon, and Thursday's first look at Q3 GDP and the Fed's preferred PCE inflation gauge.