Stan Choe

Updated October 28, 2026 — 7:24am , first published 5:16am

Stocks in the artificial-intelligence industry led Wall Street higher as their yo-yo moves swing back upward.

The S&P 500 rose 0.6 per cent and pulled within 1.2 per cent of its all-time high set earlier this month. The Dow Jones Industrial Average added 15 points, or less than 0.1 per cent, and the Nasdaq composite climbed 1.2 per cent.

Wall Street was boosted by strength in technology stocks. Bloomberg

The Australian sharemarket is set to edge higher, with futures pointing to a rise of 11 points, or 0.1 per cent, at the open. The ASX added 0.5 per cent on Tuesday. The Australian dollar was stronger at US70.28¢ at 5.10am AEDT.

On Wall Street, the majority of stocks within the S&P 500 fell, but the gains for influential AI stocks made up for that.…