US equity markets closed in positive territory on Tuesday, 27 October, with the Nasdaq leading gains across the three major indices.

The Dow Jones Industrial Average edged up 0.03% to 52,378.40 points, the S&P 500 gained 0.60% to close at 7,722.67 points, and the technology-heavy Nasdaq advanced 1.18% to 26,477.81 points.

Wall Street extended Monday’s rally, with sentiment boosted by news surrounding the planned initial public offering of artificial intelligence company Anthropic. The tech firm, which intends to list on the Nasdaq under the ticker symbol ANT, could reach the market with a valuation of up to two trillion dollars.