Nasdaq Jumps 308 Points on Broadcom’s Big Anthropic Deal: Stock Market Today

Stocks closed higher Tuesday as market participants panned a busy batch of corporate earnings reports and looked ahead to tomorrow’s Federal Reserve policy announcement. Chip stocks were a notable pocket of strength, with several mega caps soaring on news of a $63 billion deal between Broadcom (AVGO) and Anthropic (ANT).

At the close, the tech-heavy Nasdaq Composite was up 1.2% at 26,477, the broader S&P 500 was 0.6% higher at 7,722, and the blue-chip Dow Jones Industrial Average had added 0.03% to 52,377.