Updated hourly, 6 AM – 4 PM ET
Tech got absolutely hammered on AI cash burn fears; Nasdaq tanked 3.5% while defensive plays and energy rallied. INTC cratered nearly 30% on guidance concerns, dragging semiconductor names down hard across the board.
Nasdaq tanked 3% as Amazon and Intel earnings spooked investors on AI capex concerns. Tech sellers dominated while healthcare and staples held steady. VIX jumped 14.7%. INTC cracked -29% and dragged the entire chip complex lower.
Nasdaq futures cratering 2.4% as GOOGL's 12% plunge reignites AI spending doubts. Crude rallying hard on Iran chatter while precious metals get hammered. Tech in freefall, healthcare and staples catching bids. This morning's gonna sting.
GOOGL plunged 12.8% after missing on AI metrics, dragging tech and comms services lower. Nasdaq sank 1.4% as rotation favored healthcare and utilities. Cats disappointed too. Fed hold kept bond yields lower, supporting defensives and small caps. Selective damage, not systemic panic.
Tech stumbled hard on earnings disappointment. GOOGL cratered 12%, dragging the Nasdaq down 1.1% while healthcare and real estate found footing. Small caps rallied; rates retreated. The AI trade just got real again.
Nasdaq futures tanking 0.88% after Google's earnings miss; Nasdaq 100 leading the selloff while small caps hold steady. Oil sliding 1.5% on Iran chatter. Fed paused rates yesterday but markets still digesting tech disappointment. GOOGL weighing heavy this morning.
Fed holds steady, stocks shrug it off. Tech leads the charge as chip stocks surge on AI infrastructure spending. ORCL soars over 10% on expanded NVIDIA partnership. Valuations remain stretched, but momentum's still the name of the game.
Chip stocks rally hard on AI infrastructure demand; SKHY leads the charge with 12.6% pop as SpaceX and others ramp capex. Broader market treads water into Fed decision with energy outperforming. Russell 2000 stuck in correction territory. Oil surges on geopolitical risks.
Nasdaq futures up 0.45% as chip stocks lead the charge; crude rallies 1.64% while metals sink across the board. Tech outperforming ahead of Big Tech earnings and the Fed decision. Small caps struggling, Russell 2000 futures down 0.18%. Watch QQQ for momentum confirmation at the open.
Nasdaq pops 1.3% as chip stocks extend their rally for a second straight day; oil weakness helps; energy sector takes the hit. CLS leads with a massive 12% surge.
Tech rallies on chip strength as oil retreats; WDC leads the charge with an 8.5% pop. Nasdaq outpaces with a 1.4% gain while energy stocks take it on the chin. Options flow steering the S&P 500 higher despite conflicting narratives on the day.
Futures creeping higher this morning as tech bounces on Anthropic IPO buzz; Nasdaq 100 up 0.32%, Russell 2000 joining the party. Copper surging 1.13% while energy slides and silver tanks 1.73%. Comms services lagging hard on heavy volume. Earnings avalanche ahead. TSLA leading the charge pre-open.

Stock Market Dashboard

Live indices, movers, options and volatility · Oct 30, 2026

Live Run screener

Top moversOct 30

SymbolLastChgRel volMkt cap
CDNA CareDx, Inc. 87.70 +22.62% 2.4x $3.7B
FDXF FedEx Freight Holding C… 126.11 +14.97% 2.3x $16.4B
REGN Regeneron Pharmaceuticals Inc 927.73 +13.31% 3.9x $84.3B
GPN Global Payments, Inc. 97.03 +13.19% 7.9x $22.7B
MEOH Methanex Corp 71.25 +13.53% 4.6x $4.9B
CVCO Cavco Industries Inc. 620.16 +13.32% 2.1x $4.2B
GDDY GoDaddy Inc 117.25 +10.73% 1.7x $13.4B
BTSG BrightSpring Health Ser… 66.61 +10.60% 2.4x $11.9B

Sector heat map

1D

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

Fed rate odds

FedWatch
Dec 9 FOMCimplied
Hold
27%
+25bp
73%
Jan 27 FOMCimplied
Hold
71%
+25bp
29%

EFFR 3.88% · market-implied

Screeners

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Economic calendar

TimeEventImpactActualFcstPrev
Mon, Nov 2early look · forecasts to come
Mon 11/2 10:00Construction Spending m/mL—0.9%
Tue, Nov 3early look · forecasts to come
Tue 11/3 10:00JOLTS Job OpeningsM—7.08M
Tue 11/3 10:00Factory Orders m/mL—0.1%
Wed, Nov 4early look · forecasts to come
Wed 11/4 08:30Trade BalanceL—-105.6B
Thu, Nov 5early look · forecasts to come
Thu 11/5 08:30Unemployment ClaimsM—194K
Thu 11/5 08:30Prelim Nonfarm Productivity q/qL—1.4%
Thu 11/5 08:30Prelim Unit Labor Costs q/qL—1.2%
Showing 1–7 of 13
Page 1 of 2

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

Upcoming earnings

Calendar

BMO before market open AMC after market close time not announced

SymbolDateEPS estExp. moveMkt cap
AAPL Apple Inc. Mon 11/2 AMC 1.99 ±6.4% $5.09T
PLTR Palantir Technologies Inc. Mon 11/2 AMC 0.41 ±16.1% $471.8B
VRTX Vertex Pharmaceutical… Mon 11/2 AMC 4.80 ±8.4% $136.9B
MAR Marriott International Mon 11/2 BMO 2.84 ±6.8% $104.2B
WMB Williams Companies, I… Mon 11/2 AMC 0.54 ±7.5% $91.6B
FANG Diamondback Energy, Inc. Mon 11/2 AMC 5.72 ±7.5% $57.8B
O Realty Income Corporation Mon 11/2 AMC 1.11 ±4.2% $54.1B
ETR Entergy Corporation Mon 11/2 BMO 1.73 ±5.4% $51.3B
Showing 1–8 of 342
Page 1 of 43

Market Commentary

Updated hourly
Updated: Live Data

📊 Market Overview

The AI reckoning has arrived, and it's uglier than most expected. Amazon and Intel disappointing on earnings lit the fuse, but the real issue runs deeper: the market is finally pricing in that artificial intelligence capex has outpaced returns, and nobody wants to admit how long the payoff cycle actually is. Nasdaq is getting hammered because growth investors suddenly realize they've been betting on faith rather than fundamentals. This is textbook risk-off, and the VIX spike confirms it. When Caterpillar misses too, you know this isn't just a tech problem; it's a signal that corporate spending plans are getting recut across the board. The question now is whether this is a healthy correction or the start of something meaner.

The real tell is what's NOT selling off equally. Energy is positive despite crude sitting above 103, which means traders see oil as a hedge against slower growth, not a beneficiary of industrial strength. Gold is cratering along with silver, which breaks the traditional safe-haven playbook; that suggests pure deleveraging and forced selling by systematic funds, not a flight to quality. Treasury yields are collapsing across the curve (the 10-year is down 120 basis points of implied yield), and that's your institutional capitulation signal. Small caps are rolling over in lockstep with big tech, so there's nowhere to hide in rotation. The dollar is flat despite risk-off, which is odd; usually it rallies when fear spikes. That divergence hints at something deeper: foreign central banks are probably dumping duration, and the currency market is pricing in a world where the Fed cuts sooner than consensus thinks. Watch the 2-year; if it breaks below 4.20, you're looking at a full policy pivot priced in by Christmas.

⚠️ Risks & Opportunities

• Tech is in genuine freefall on AI unit economics blowing up, not rotation noise; Nasdaq down 3.5% with NDX futures showing zero bid into close means tomorrow opens with fresh selling if earnings disappointments keep coming.

• Real yields just compressed hard (10Y and 5Y notes rallying into equity bloodbath) while oil holds +1% and dollar flat; this is a pure risk-off without Fed pivot expectations, signaling investors are derisking equities on fundamental concerns, not rate-cut bets.

• Russell 2000 already in correction territory down 11% from highs and losing another 1.6% today tells you the small-cap earnings recession is real; large caps masking damage underneath with Financials and Industrials both heavy on the downside.

• Gold selling off hard (-3.4%) alongside equities and safe-haven currencies rallying (yen, franc, sterling all up 0.26%) is the tell that this is pure panic liquidation to raise cash, not a classic flight-to-safety move.

• Short VIX at 19.71 after spiking 1,460 basis points intraday is a genuine trap; options positioning likely skewed bearish on tech into tomorrow and the Employment Cost Index print today could reignite rate-hike fears if wage growth shows stickiness.

• Trade small longs in Consumer Staples and Utilities through this washout rather than catching falling tech names; the 1.9x volume on energy and 1.97x on healthcare heavy volume suggests institutional rotation out of growth is coordinated and has more room to run.

🚀 Notable Movers

  • LLY climbed 3.15% after raising full-year guidance and reporting accelerating obesity drug sales, proving the GLP-1 market remains a durable growth engine for the company.
  • AZN surged 6.94% on a Q3 earnings beat powered by oncology drug strength, positioning it as a relative winner in a day when big tech and semiconductors are getting hammered.
  • GILD rose 3.09% after topping Q3 estimates on HIV franchise resilience and Trodelvy momentum, signaling steady cash generation even as biotech sentiment wobbles.
  • VRTX added 3.62% as healthcare stocks broadly hold up on heavy volume, suggesting fund managers are rotating defensively away from growth and into pharma's stable earnings.
  • PEP gained 2.61% on valuation appeal after trading at six-year lows relative to earnings, a classic defensive play when growth equities are in free fall and investors hunt yield.
  • VZ climbed 2.62% after Q3 earnings highlighted AI infrastructure expansion in its network business, making it a rare telecom winner on a day when growth and capex-heavy plays face selling pressure.
  • COP ticked up 2.69% as crude rallies on geopolitical concerns, pushing energy into the day's strongest sector at +1.9%, though the broader macro backdrop remains fractious.
  • TMUS jumped 6.25% as wireless stocks attract shelter-seeking flows; the sector's predictable cash flows offer refuge from the tech carnage unfolding across semiconductors and networking gear.
  • ACN gained 4.25% on AI services positioning and relative stability in enterprise IT spending, outperforming as pure semiconductor and hardware suppliers face a capitulation wave.
  • SKHY fell 8.09% despite recent momentum on record Q3 results, likely taking collateral damage as the entire semiconductor complex caves on fears of slowing AI infrastructure build-out and margin compression.
  • AMD plummeted 11.01% alongside the broader chip rout, wiping out recent gains as traders reassess whether data center CPU demand can sustain current valuation levels.
  • INTC cratered 29.39% in a watershed capitulation, signaling the market has finally lost faith in the company's execution on advanced nodes and competitive position against AMD and Nvidia in AI servers.
  • AMAT dropped 7.62% as equipment makers suffer contagion from semiconductor weakness; buyers are now questioning whether capex cycles can support valuations built on perpetual AI spending.
  • DELL fell 11.01% as server hardware names get swept up in tech selloff fear, though the company's exposure to AI infrastructure should provide some downside support.
  • ARM declined 10.04% on broad semiconductor sector capitulation, wiping out gains as investors reprice chip exposure and question whether licensing royalties can justify lofty multiples in a cooling cycle.
  • ANET dropped 8.44% as networking gear suppliers follow semiconductors lower on concerns that data center build-out may be losing momentum and margins could face pressure.
  • QCOM sank 11.20% in a brutal rout alongside peers, reflecting fears that smartphone and automotive chip demand are both softening while data center gains are being priced as transitory.
  • MRVL fell 10.23% as the memory and storage chipmaker gets crushed alongside the broader semiconductor complex on valuation reset and capex cycle anxiety.
  • SNDK plunged 13.59%, the hardest hit today, as SSD and flash memory suppliers face a double whammy of slowing PC demand and data center inventory concerns colliding head-on.
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Anthropic's S-1: $141 Billion Raised, $132 Billion Unspent
October 27, 2026

Anthropic raised $141 billion, still has $132 billion of it, and reported an $80.7 billion loss anyway. We read the whole S-1 to work out how all three are true, who is really paying for the data centers, how the five share classes and the staged lock-up work, and which seven numbers in the next filing will decide the deal.

ipoaisec-filingsinvesting

National polls

Polls & odds
Trump approval36.7% / 60.7%
net −24.0approve −0.0 in 30d
Generic ballotD +8.9
D 51.6 · R 42.7margin +0.5 in 30d
House
D 94%
Senate
D 71%

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

Mortgage rates

Rates & calculator
30-yr fixed · estimate7.10%
-4 bp since last print$2,689/mo on $400,000
15-yr fixed
6.48% +111 bp in a year
30-yr jumbo
7.11% +73 bp in a year
30-yr FHA
7.01% +102 bp in a year
10-yr Treasury
4.929% -5 bp Fri Oct 30

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