Updated hourly, 6 AM – 4 PM ET
Earnings season kicks off with mixed results. Chip stocks under pressure as memory names slide, but energy rallies on oil strength. VLO leading the way as refiners capitalize on crude's 1% pop. Banks reporting mixed, healthcare struggles. Tech divergence persists; all eyes on guidance as rates hold steady.
Energy surges on Ukraine geopolitical risks while memory chips tank; tech breadth fades as earnings season tests market resolve. AMAT leads semiconductor selloff down 6.8% on capex concerns.
Crude oil tanking 2% pre-market while memory stocks drag Nasdaq futures down 0.59%; Dow and Russell 2000 holding small gains. Energy sector outperforming on geopolitical relief. Tech weakness persisting into the open. Watch XLK for today's semiconductor rotation.
Dow edges higher on energy strength, but tech weakness drags Nasdaq lower. Oil rallies on Ukraine supply fears while chip stocks including LITE crumble. Breadth deteriorates as mega-caps mask an ugly underlying tape; small caps take it on the chin. Energy and staples lead; discretionary and semiconductors lag hard.
Markets tread water as energy rallies on geopolitical tension. Tech rolls over with chip stocks dragging; LITE leads the decline down nearly 9%. Dow squeaks higher on oil strength, but breadth remains suspect. Big earnings week and CPI data loom; traders playing it cautious.
Futures flat to slightly green as earnings season looms; copper rallies 1.2% on growth bets while nat gas tumbles 2.4%. Oil holds gains above $90. Yields steady. Real estate and healthcare leading. SPY poised for mixed open.
Broad market closes higher with S&P 500 and Dow posting gains; tech rebounds while telecom gets hammered as SpaceX scoops spectrum. Real estate and healthcare lead. VIX slides to 14.79. TMUS down 13%.
Broadcom's AI chip dominance faces real competition; Oracle and Palantir surge as enterprise software powers through OpenAI weakness. Telecom gets hammered on SpaceX spectrum play. Dow outperforms, small caps flat. Treasury yields climbing, oil easing on geopolitical relief. Real estate and healthcare lead; comms services crumbles. LITE up 6% as optical components ride AI infrastructure tailwinds.
Nasdaq futures up 0.74% after yesterday's AI selloff, but tech remains under pressure as OpenAI revenue concerns linger. Palladium and silver lead metals with massive gains; crude down 1.2%. Small caps and energy staging a comeback. AAPL weighing on the tech rebound after iPhone order cut reports.
Energy rallies hard on crude strength while tech tanks. Nasdaq down 1.4% as chip stocks crater, but oil's 3% surge lifts energy to best performer. Defensive plays and refiners shine as yields ease. MPC leads the charge.
Oil surged 5% on geopolitical tensions while yields climbed, pressuring tech and small caps. Energy rallied hard, but the Nasdaq stumbled as rate fears linger. MPC led the charge.
Crude's up nearly 5% on Iran geopolitical risk, crushing equities pre-market. Russell 2000 leading the selloff down 1%, tech following close behind as Treasury yields climb above 5%. Bond traders spooked, 10Y up 42bps. Healthcare the only green sector. Watch XLE if oil holds these levels.

Stock Market Dashboard

Live indices, movers, options and volatility · Oct 13, 2026

Live Run screener

Top movers

SymbolLastChgRel volMkt cap
RGC Regencell Bioscience Ho… 8.26 +15.78% 3.9x $3.5B
EFXT Enerflex Ltd. 27.58 +14.53% 2.1x $2.9B
FRMI Fermi Inc. Common Stock 3.70 +13.85% 4.8x $2.1B
PARR Par Pacific Holdings, I… 89.87 +8.12% 0.9x $4.2B
PBF PBF ENERGY INC. 91.17 +7.23% 0.7x $10.1B
CVI CVR ENERGY, INC. 63.09 +7.10% 0.6x $5.9B
WIT Wipro Limited 1.81 +6.47% 1.3x $16.8B
CDW CDW Corporation 152.11 +5.81% 1.3x $18.0B

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
78%
+25bp
22%
Dec 9 FOMCimplied
Hold
13%
+25bp
87%

EFFR 3.88% · market-implied

Screeners

All

Economic calendar

TimeEventImpactActualFcstPrev
Today
Tue 10/13 03:45FOMC Member Waller SpeaksL——
Tue 10/13 06:00NFIB Small Business IndexL98.198.7
Tue 10/13 08:15ADP Weekly Employment ChangeL—23.8K
Tue 10/13 10:00Existing Home SalesL3.95M3.98M
Tue 10/13 13:00FOMC Member Barkin SpeaksL——
Tue 10/13 16:00FOMC Member Collins SpeaksL——
Tomorrow
Wed 10/14 05:40FOMC Member Bowman SpeaksL——
Wed 10/14 08:30Core CPI m/mH0.2%0.3%
Wed 10/14 08:30Core CPI y/yH2.5%2.4%
Wed 10/14 08:30CPI m/mH0.6%0.4%
Showing 1–10 of 37
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

SymbolDateEPS estExp. moveMkt cap
JPM J P Morgan Chase & Co Tue 10/13 BMO 5.94 −0.9% vs ±5.9% $885.1B
JNJ Johnson & Johnson Tue 10/13 BMO 2.53 −5.7% vs ±6.4% $630.0B
UNH UnitedHealth Group In… Tue 10/13 BMO 4.12 −0.2% vs ±9.0% $340.5B
GS The Goldman Sachs Gro… Tue 10/13 BMO 12.90 −0.2% vs ±7.4% $260.7B
WFC Wells Fargo & Company Tue 10/13 BMO 1.85 −3.1% vs ±7.1% $252.7B
C Citigroup Inc. Tue 10/13 BMO 2.66 −5.6% vs ±7.4% $217.5B
DPZ Domino's Pizza Inc Tue 10/13 BMO 4.33 −4.8% vs ±10.4% $10.2B
ASML ASML Holding N.V. Wed 10/14 BMO 12.47 ±10.2% $686.2B
Showing 1–8 of 221
Page 1 of 28

Market Commentary

Updated hourly
Updated: Live Data

📊 Market Overview

The chip sector's capitulation is the real story here, and it matters because it signals a crack in the foundation of this year's rally. Big Tech has been carrying the entire market on its shoulders since January, and now we're seeing the first real test of whether the rest of the economy can stand on its own two feet. Bank earnings season kicks off today as a reality check, and investors are clearly nervous about what credit conditions and deposit dynamics actually look like beneath the surface. This isn't panic yet, but it's the smell of caution. The broad market is barely holding water while semiconductors roll over, which tells you that conviction in the mega-cap growth story is wobblier than the headlines suggest.

The divergence between equities and bonds is the canary in the coal mine. Long bonds are rallying hard while stocks sputter, and that's a classic flight-to-safety move that institutional money makes when it's worried about earnings quality and growth sustainability. Energy is screaming higher on what looks like geopolitical premium (thank you, Iran chatter via Bessent), but copper and industrial metals are getting hammered, which contradicts the strength in energy. That split matters: it says macro traders are hedging growth risk, not pricing in a boom. Meanwhile, the dollar is rolling over and currencies are broadly stronger against the greenback, which suggests real money is rotating out of rate-sensitive trades and into commodities and foreign exposure. Translation: the consensus is quietly preparing for a slower-growth, lower-rate regime if earnings disappoint this week.

⚠️ Risks & Opportunities

• Chip stocks are breaking down into earnings season while the Nasdaq 100 futures sit down 0.36%; this is classic pre-earnings capitulation in the mega-cap tech cohort, and the real test comes Thursday when the CPI numbers hit and Treasury yields spike on any hot print, which would crater duration-heavy growth valuations further.

• The bond market is pricing in a steeper decline than equities suggest: 30-year T-bonds up 0.55% and the long end outperforming means real yields are compressing, yet core CPI prints tomorrow could invert that fast if inflation remains sticky, forcing a hard repricing that catches long equity positioning off guard.

• Energy is ripping (WTI +1.01%, natural gas +4.77%), the dollar is down 0.4%, and the peso is selling; geopolitical risk (Iran tensions per the headlines) combined with energy strength suggests inflation expectations are creeping back into the market even as equities stumble, creating a dangerous asymmetry where safe haven flows clash with reflationary signals.

• Russell 2000 futures down 0.44% while the S&P Midcap 400 is flat is a bifurcation warning; small cap weakness on energy optimism usually means either growth concerns or rate fears are suppressing cyclicals, and with Warsh speaking Friday you should position for potential hawkish guidance that would hammer anything without pricing power.

• Tech's leadership is cracking without a safety-net rotation into financials (down 0.4%) or healthcare (down 1.4%); breadth is deteriorating into what should be a defensive setup, which means if CPI or retail sales disappoint tomorrow, you get a hammer down move across all equity indices, not just the Nasdaq.

• Bitcoin's quiet outperformance (up 0.57%) while silver and palladium crater tells you flight capital is hedging into crypto, not traditional safe havens; this happens when investors stop trusting central bank anchors, and it should be a flashing red light that rate expectations are becoming unmoored ahead of the Fed commentary Friday.

🚀 Notable Movers

GAINERS

  • META rose on continued strength in mega-cap tech positioning and a three-month rally that keeps the stock in favor with growth-oriented investors seeking AI-adjacent exposure.
  • ORCL climbed as enterprise software and database providers benefit from sustained corporate spending on cloud infrastructure and data analytics capabilities.
  • DE gained ground alongside a broader industrial recovery, with agricultural equipment demand appearing resilient despite macro uncertainty.
  • VLO led the energy complex higher as crude oil climbed over 1 percent on geopolitical supply concerns, boosting refiner margins and profitability outlooks.
  • MPC, PSX, BP, IMO, and CNQ all rallied together in a coordinated energy sector move; crude strength and better refining spreads lifted the entire oil and gas complex by roughly 2 to 4.7 percent, with Canadian names also benefiting from deepening oil sands consolidation.
  • CVE added to the energy gain after announcing expansion through the MEG Energy and Athabasca acquisitions, solidifying its oil sands footprint and growth trajectory.

LOSERS

  • JNJ tumbled 5.6 percent despite beating Q3 earnings estimates; sales missed expectations and the guidance raise failed to offset investor disappointment over top-line momentum in pharma and consumer health segments.
  • AMAT dropped 6.6 percent even as the company outlined strong multi-year AI infrastructure demand and targets for 2030; semiconductor equipment investors appear to be trimming positions after a sustained rally, rotating profits ahead of a competitive cycle.
  • C fell 5.6 percent as banks stumbled broadly on Q3 earnings day; Citigroup's results and sector-wide uncertainty over net interest margins weighed on financial stocks across the board.
  • FLEX slid 5.3 percent amid weakness in contract manufacturers and electronics supply-chain plays as growth concerns offset earlier AI-driven enthusiasm.
  • BNTX cratered 7.2 percent as biotech and mRNA-focused names sold off; the sector is catching down after a sustained run, and competition from traditional vaccine developers and Pfizer's recent strength is pressuring pure-play mRNA valuations.
  • FN fell 6.2 percent on concerns over optical and semiconductor equipment demand saturation, with the stock down 22 percent since its last earnings report and struggling to regain investor confidence.
  • ASTS plunged 8.4 percent as satellite and space communications stocks face renewed skepticism over timelines, regulatory hurdles, and path to profitability in a crowded market.
  • SMMT dropped 9.4 percent; small-cap biotech weakness spread across the sector as risk-off sentiment hit clinical-stage and early-revenue companies hardest.
  • PS crashed 12.7 percent after Bill Ackman's recent Fed criticism and his stalled Universal Music Group acquisition attempt; investor confidence in the Pershing Square closed-end fund model has deteriorated on valuation, execution, and macro concerns.
  • RML declined 7.6 percent in line with broader metals and materials selloff as copper and precious metals pulled back, pressuring junior exploration plays.
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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.

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National polls

Polls & odds
Trump approval36.3% / 61.1%
net −24.8approve −1.1 in 30d
Generic ballotD +8.4
D 50.3 · R 41.9margin +1.6 in 30d
House
D 90%
Senate
D 63%

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

Mortgage rates

Rates & calculator
30-yr fixed · estimate7.38%
-1 bp since last print$2,764/mo on $400,000
15-yr fixed
6.58% +101 bp in a year
30-yr jumbo
7.44% +82 bp in a year
30-yr FHA
7.17% +107 bp in a year
10-yr Treasury
5.217% -2 bp today

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