Expo News Today — October 27, 2026

Global markets are navigating a mix of corporate earnings, geopolitical developments, and monetary policy expectations. In corporate news, HSBC's shares are under pressure after the lender reported a revenue miss, although it has announced a share buyback program of up to $1 billion. This contrasts with Lumentum, whose stock led the S&P 500 higher on Monday, bucking the trend. Meanwhile, the oil market is seeing a slight decline in prices as Saudi Arabia and Iran work towards de-escalation, with the Saudi defense minister meeting with Iran's president in Tehran.

The US Federal Reserve is expected to keep interest rates steady in October, which is likely to have implications for consumers. This decision comes as investors continue to assess the market landscape, including the impact of artificial intelligence on various sectors. Some analysts are suggesting that Wall Street's concerns about AI may be overblown, recommending specific stocks that could benefit from this sentiment. In other news, political developments are making headlines, with a recent incident involving a joke about former President Obama and the current political climate. Overall, market participants are keeping a close eye on these diverse factors as they influence market movements and investment strategies.

Today's signal:
• HSBC shares slump on revenue miss, lender announces share buyback of up to $1 billion (cnbc.com)
• Bessent dines at Cheesecake Factory, slams Obama over Trump joke (cnbc.com)
• Why Lumentum’s stock led the S&P 500 higher on Monday (marketwatch.com)
• Oil ticks lower as Saudi defense minister meets with Iran's president in Tehran to de-escalate (cnbc.com)
• Federal Reserve is likely to hold interest rates steady in October. Here's what that means for consumers (cnbc.com)
• Two stock picks to capitalize on Wall Street’s misguided AI fears (marketwatch.com)