Updated hourly, 6 AM – 4 PM ET
Dow rallies 500 points on solid earnings and falling oil; healthcare stocks lead with a 2.4% surge. Tech bounces back, Russell 2000 jumps 1.7%. VIX dips below 18 as dip buyers return. EFX crushing it with an 11.6% pop after beating Q3 estimates.
Broad rally on solid earnings and crumbling oil; healthcare surges. Small caps lead the charge. EFX pops 11% on beat. Tech bounces back after recent weakness. Treasury yields slip as housing data disappoints. Everything working today.
Oil's the star this morning; WTI crude up 2% while Nasdaq futures slip 0.47% on chip weakness. Tech bouncing off recent lows but energy stealing the show. Netflix earnings on deck today. Keep an eye on XLE positioning.
Tech bounces hard as AI trade rebounds; Nasdaq +1.2% with growth stocks shaking off their worst week since June. Oil slides while yields climb. AMZN leads the charge with new AI chip moves. Dow stuck in reverse, but the real story is semiconductor and cloud strength pushing higher.
Tech bounces hard as AI stocks shake off recent weakness. PLTR leads the charge with a 5.7% pop while the Nasdaq rallies 1.9%. Semiconductors, networking gear, and chip equipment all catching bids ahead of earnings. Dow barely budging on financials' stumble. VIX collapses 11.6%. Energy and utilities dragging. This feels like a short covering relief bounce more than conviction, but momentum favors the bulls into earnings season.
Nasdaq futures bounce 1.2% as buyers dip their toes back into AI after Friday's carnage. Energy gets hammered; crude down 1%, but metals rally across the board. Tech sector still underwater heading into earnings week. QQQ in focus.
Tech stocks cratered as the Nasdaq slid 2.5% on rotation fears and oil surged past $110. Energy crushed it while chips got hammered. XOM led the charge as crude powers higher.
Tech crashed hard as investors rotated out of AI darlings and into energy; PANW led the selloff with a 7.6% tumble while oil soared on geopolitical pressure.
Dow futures lead the charge up 0.30% as value trades catch a bid and tech takes it on the chin. Russell 2000 also perking up 0.31%, signaling rotation away from mega-cap AI names. Copper and silver both ripping over 1%, metals catching bids on softer dollar strength. Healthcare and materials outpacing as money rotates to defensive, cyclical plays. SPY barely budging but the divergence is real: size matters less today than sector selection.
Dow crushes it with a 1.1% pop as rate relief wins the day; Russell 2000 enters correction but bounces back 1.4%. Hot inflation data sent tech spiraling, but healthcare and materials rallied hard. Treasury yields tanked, gold surging. RBLX leading the charge up 7.7%.
Dow pops 500 points while tech dumps; Treasury yields sink as investors bail on AI darlings. Rotation story intact. DELL gets hammered hardest, down 7.7% as the hardware crowd takes pain. Rates collapsing faster than conviction in mega-cap growth.
Nasdaq futures down 1.27% as AI rotation intensifies and inflation concerns stick around. Tech bleeding hard while healthcare and staples catch a bid. Treasuries climbing on rate repricing; gold up 1.67%. Small caps finally getting a breather but damage is done. QQQ taking it on the chin this morning.

Stock Market Dashboard

Live indices, movers, options and volatility · Oct 20, 2026

Top movers

Top movers, market cap $2B+. Select a column header to sort.
SymbolLastChgRel volMkt cap
BRZE Braze, Inc. Class A Com… 45.49 +51.43% 32.0x $3.4B
LION Lionsgate Studios Corp. 12.16 +14.55% 5.0x $3.2B
SLS SELLAS Life Sciences Gr… 11.97 +14.16% 1.8x $2.1B
EFX Equifax, Incorporated 177.00 +11.62% 1.7x $18.6B
TLK PT Telekomunikasi Indonesia 11.66 +11.58% 2.7x $10.3B
HAS Hasbro, Inc. 109.48 +11.16% 3.8x $13.9B
KVYO Klaviyo, Inc. 19.55 +11.62% 2.0x $5.0B
EQPT EquipmentShare.com Inc … 15.54 +11.43% 0.8x $3.5B

Sector heat map

1D

Box size = relative volume (today vs the 20-day average), colour = 1-day change.

Fed rate odds

FedWatch
Oct 28 FOMCimplied
Hold
84%
+25bp
16%
Dec 9 FOMCimplied
Hold
13%
+25bp
87%

EFFR 3.88% · market-implied

Screeners

All

Economic calendar

Upcoming US economic events, times ET. Select a column header to sort.
TimeEventImpactActualFcstPrev
Today
Tue 10/20 08:15ADP Weekly Employment ChangeL—24.8K
Tue 10/20 08:30Building PermitsL1.40M1.39M1.39M
Tue 10/20 08:30Housing StartsL1.22M1.30M1.28M
Tue 10/20 10:00Pending Home Sales m/mL-0.6%0.3%
Tue 10/20 16:30API Weekly Statistical BulletinL——
Tomorrow
Wed 10/21 10:30Crude Oil InventoriesL-0.1M-8.6M
Thu, Oct 22
Thu 10/22 08:30Unemployment ClaimsM200K199K
Thu 10/22 10:00CB Leading Index m/mL-0.1%-0.1%
Thu 10/22 10:30Natural Gas StorageL83B67B
Showing 1–9 of 28
Page 1 of 4

US events · times ET · H high · M medium · L low impact

Upcoming earnings

BMO before market open AMC after market close time not announced

Upcoming earnings in the next two weeks. Select a column header to sort.
SymbolDateEPS estExp. moveMkt cap
GE GE Aerospace Tue 10/20 BMO 2.02 −3.7% vs ±8.9% $325.6B
NFLX Netflix, Inc. Tue 10/20 AMC 0.82 −6.0% vs ±11.3% $293.7B
RTX RTX Corporation Tue 10/20 BMO 1.78 +0.6% vs ±7.8% $261.4B
ISRG Intuitive Surgical, Inc. Tue 10/20 AMC 2.13 −8.0% vs ±10.4% $150.7B
CB Chubb Limited Tue 10/20 AMC 6.53 +0.0% vs ±5.4% $138.8B
COF Capital One Financial… Tue 10/20 AMC 5.45 +4.5% vs ±7.7% $123.8B
MMM 3M Company Tue 10/20 BMO 2.41 +5.8% vs ±8.1% $85.0B
NOC Northrop Grumman Corp… Tue 10/20 BMO 7.22 +4.6% vs ±8.0% $73.9B
Showing 1–8 of 491
Page 1 of 62

Market Commentary

Updated hourly
Updated: Live Data

📊 Market Overview

The market is staging a classic "risk-on reversal" on the back of falling oil prices and better-than-expected earnings. Talk of de-escalation between the U.S. and Iran has crude retreating, which takes inflation pressure off the table and gives equities room to breathe. Healthcare leads the charge (Eli Lilly posting solid gains), but the real story is under the hood: small caps are running circles around mega-cap tech. The Russell 2000 is crushing it while the Nasdaq 100 sits flat. This isn't dip buying in the traditional sense; this is institutional money rotating out of the crowded AI trade and into names that actually benefit from lower rates and a slower inflation print. Cyclical leadership is beating defensive, and that tells you investors are pricing in a softer landing, not recession.

The cross-asset signals are singing in harmony. Long bonds are rallying hard (30-year futures up 71 basis points worth of price action) even as equities climb, which is the classic "lower rates, lower risk premiums" setup. The dollar is quietly rolling over while commodity currencies punch higher; copper is up, silver is firing, and the Fed funds complex is pricing in patience. Treasury yields are dipping across the curve, yet equity futures haven't rolled over because earnings are beating and energy costs are falling. The real divergence worth watching is the Nasdaq's underperformance relative to the Dow and Russell; that's not weakness, it's reallocation. Money is flowing into financials and healthcare while taking profits in semiconductor and software. This rotation has legs if earnings continue to surprise and central banks stay on hold.

⚠️ Risks & Opportunities

• Russell 2000 up 1.7% while Nasdaq flat signals a rotation into beaten-down value and small caps; this is real money moving, not just mean reversion, and it pressures mega-cap tech valuations if the trend holds through earnings season.

• Oil down 0.3%, treasury yields down across the curve, and dollar down 0.3% together paint a risk-off unwind masquerading as risk-on; the long bond up 0.71% is the tell that this is a duration play, not earnings-driven strength.

• Unemployment claims Thursday and PMI/sentiment revisions Friday will either confirm softening or expose this bounce as hollow; if claims spike or manufacturing rolls over, the small-cap rally evaporates fast.

• Healthcare and Financials leading (up 2.4% and 1.2%) means defensive rotation is still the underlying theme even as equities climb; ignore the headline Dow strength and watch whether cyclicals hold or fold into month-end.

• Bitcoin and Ether up 0.9% to 1.8% respectively while gold sells off signals crypto is decoupling from safety trades and acting as a risk asset again; keep positioning tight until we see what U.S.-Iran tensions actually do to crude and geopolitical hedges.

• Copper up 0.5% and silver up 1.1% but precious metals diverging (gold down, silver up) suggests reflation whispers without conviction; this chop kills directional trades so fade the noise and wait for PMI prints to clarify the macro story.


🚀 Notable Movers

  • MRNA rallied on Phase 3 success for intismeran autogene, marking one of the first major wins for an mRNA cancer vaccine and positioning Moderna ahead of troubled competitor BioNTech.
  • EFX surged after Q3 earnings and revenues beat estimates, with the data analytics leader proving its resilience in an expanding market for credit and identity verification services.
  • RVMD jumped on NEJM publication of Phase 1/2 data for daraxonrasib in metastatic non-small cell lung cancer, validating the clinical approach and supporting the ongoing Phase 3 RASolve 301 trial.
  • ARGX climbed after announcing positive Phase 3 ALKIVIA results showing efgartigimod delivers sustained clinical improvements in autoimmune myositis as early as week four, strengthening the pipeline ahead of Wednesday's late-breaking ACR presentation.
  • MMM, MSCI, IOT, and CRL all gained on better-than-expected quarterly earnings and revenue beats, reflecting solid operational execution across diversified industrial, analytics, software, and bioservices franchises.
  • SKHY, LRCX, ARM, and KLAC all fell 2.1 to 3.2 percent as semiconductor equipment and chip design stocks retreated on profit-taking and investor rotation away from stretched valuations in semis despite strong underlying AI demand fundamentals.
  • GE Aerospace dropped despite beating Q3 estimates, likely a victim of broader industrial sector weakness and profit realization after the stock's significant run.
  • GEV slipped on sector rotation despite favorable long-term power infrastructure trends, as investors cycled out of recent energy transition winners.
  • PWR, ETN, and PH all declined roughly 2.3 to 3.7 percent as industrials and infrastructure plays sold off despite strong demand tailwinds, suggesting some mean reversion in a group that has outperformed year to date.
  • MFG dipped in line with regional financial sector softness, as banks face headwinds from flattening yield curves and mixed macro signals.
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Bond Volatility Just Spiked While the VIX Slept. Is That a Signal to Buy Puts?
October 2, 2026

The MOVE index jumped 39% in a month while the VIX barely moved, and headlines say it's time to buy puts. We checked every similar split since 2004. The divergence is real, but as a signal to buy puts it has a poor record. Here are the numbers, episode by episode.

treasuriesvolatilityhedgingriskbacktestingstatistics

National polls

Polls & odds
Trump approval36.8% / 61.0%
net −24.2approve −1.0 in 30d
Generic ballotD +8.3
D 50.8 · R 42.5margin +0.5 in 30d
House
D 91%
Senate
D 64%

Average of the major poll aggregators, past 12 months. Control odds from prediction markets.

Mortgage rates

Rates & calculator
30-yr fixed · estimate7.31%
-1 bp since last print$2,746/mo on $400,000
15-yr fixed
6.50% +103 bp in a year
30-yr jumbo
7.52% +118 bp in a year
30-yr FHA
7.11% +106 bp in a year
10-yr Treasury
5.117% -3 bp today

Average rate borrowers locked, re-priced with the 10-year Treasury between daily prints. Not a quote.