Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Oct. 26, 2026.

Michael Nagle | Bloomberg | Getty Images

The S&P 500 rose on Tuesday as enthusiasm surrounding chipmakers led traders to move into the names for another day. Investors also monitored a slide in oil prices and parsed through a slew of corporate earnings as the Federal Reserve began its two-day policy meeting.

The broad market index was up 0.5%, while the Dow Jones Industrial Average traded around the flatline. The Nasdaq Composite gained 1.1%.

Shares of Broadcom climbed 4% on the heels of a coalition of banks — namely, Bank of America , Citi and Morgan Stanley — and Blackstone announcing $63 billion in financing for the purchase of Broadcom's technology for Anthropic. Other chipmakers rose in sympathy.…