Updated hourly, 6 AM – 4 PM ET
Broad selloff hammers equities as AI doubts resurface; energy rallies hard on geopolitical concerns. Dow drops 1.2% while tech stabilizes. TMUS crushed on SpaceX wireless threat. VIX spiked to 19.76, Treasury yields climbing. Oil surges 4% on Middle East tensions.
Markets turned volatile as Middle East tensions and AI spending concerns sparked broad selling, though energy surged on geopolitical risk. COP led the charge with oil rallying over 3.5% while memory chip stocks and cybersecurity names found buyers on the dip. Dow tumbled nearly 1% but Nasdaq managed modest gains as tech bottomed out. VIX ticked higher and rates climbed on safe-haven flows.
Futures pointing to modest red open as oil rallies 1.8% on supply concerns; tech remains under pressure after yesterday's AI capex reckoning. Staples leading premarket strength, but discretionary and industrials stuck in the red. Bonds catching a bid. SPY showing resilience despite broader tech anxiety.
Nasdaq tanked 2.9% as AI spending fears resurface and oil surges. Tech got hammered while staples soared. Bonds rallied hard, yields tumbled. LRCX led the carnage with an 11.8% drop; semiconductor weakness rippled across the sector. Flight to safety in full effect.
Tech stocks cratered on AI spending doubts and geopolitical oil shock; LRCX led the selloff down 10%, while staples and defense rallied. VIX spiked 10% as investors rotated hard into safety.
Nasdaq futures tumbling 1.65% as AI trade stumbles and oil surges 2%+ on Middle East concerns. Tech taking the heat this morning while energy rallies hard. QQQ facing pressure heading into the open.
Tech roared back as SpaceX posted a monster 161% revenue beat with its connectivity business becoming the real story. Nasdaq up 1.1%, S&P 500 and Dow each holding solid gains. AI trade regaining traction while defensive sectors sold off. SPCX crushed expectations with double-digit surges. Meta and Tesla earnings still to come. Dip-buying is back in the menu.
Tech led the charge with Nasdaq up 1.2% as SPCX exploded 10%+ on blowout earnings; oil retreated on US-Iran diplomacy hopes, pulling energy lower. Broad strength across industrials and financials while healthcare and comms lagged. VIX eased to 16.7 as dip buyers showed up.
Nasdaq futures up 0.52% as tech bounces back; WTI crude jumping 1.89% on supply concerns. Healthcare leading the charge with a 2.4% gain. Dip buying momentum carrying into the open as earnings optimism settles in. Watch XLV.
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.

Stock Market Dashboard

Live indices, movers, options and volatility · Oct 23, 2026

Top moversOct 23

Top movers, market cap $2B+. Select a column header to sort.
SymbolLastChgRel volMkt cap
RHI Robert Half Inc. 46.01 +22.11% 3.2x $3.9B
GMAB Genmab A/S ADS 43.96 +9.90% 2.6x $24.6B
VG Venture Global, Inc. 13.99 +9.25% 1.5x $32.0B
CCI Crown Castle Inc. 86.06 +9.18% 3.1x $33.5B
NTSK Netskope, Inc. Class A … 24.33 +9.59% 1.1x $9.1B
CRWD CrowdStrike Holdings, I… 257.71 +8.31% 1.4x $243.6B
ZLAB Zai Lab Limited America… 24.15 +9.57% 4.4x $2.5B
SAIL SailPoint, Inc. Common Stock 21.80 +8.70% 1.2x $11.5B

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
92%
+25bp
8%
Dec 9 FOMCimplied
Hold
24%
+25bp
76%

EFFR 3.88% · market-implied

Screeners

All

Economic calendar

Upcoming US economic events, times ET. Select a column header to sort.
TimeEventImpactActualFcstPrev
Tue, Oct 27
Tue 10/27 08:15ADP Weekly Employment ChangeL—18.5K
Tue 10/27 08:30Core Durable Goods Orders m/mL0.6%0.3%
Tue 10/27 08:30Durable Goods Orders m/mL1.8%0.0%
Tue 10/27 09:00HPI m/mL0.1%0.3%
Tue 10/27 09:00S&P/CS Composite-20 HPI y/yL2.7%2.5%
Tue 10/27 10:00CB Consumer ConfidenceM80.581.9
Tue 10/27 10:00New Home SalesL649K684K
Tue 10/27 10:00Richmond Manufacturing IndexL1-2
Tue 10/27 16:30API Weekly Statistical BulletinL——
Wed, Oct 28
Wed 10/28 08:30Goods Trade BalanceL-130.8B-132.6B
Showing 1–10 of 39
Page 1 of 5

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
VZ Verizon Communications Inc. Mon 10/26 BMO 1.27 ±6.6% $187.8B
WELL Welltower Inc. Mon 10/26 AMC 1.64 ±6.5% $171.1B
CDNS Cadence Design System… Mon 10/26 AMC 1.61 ±11.4% $85.3B
NUE Nucor Corporation Mon 10/26 AMC 5.71 ±9.3% $58.5B
PSA Public Storage Mon 10/26 AMC 4.27 ±5.8% $57.8B
HIG The Hartford Insuranc… Mon 10/26 AMC 3.15 ±5.5% $37.8B
CLS Celestica, Inc. Mon 10/26 AMC 2.88 ±18.7% $30.8B
CINF Cincinnati Financial … Mon 10/26 AMC 1.99 ±6.1% $27.4B
Showing 1–8 of 575
Page 1 of 72

Market Commentary

Updated hourly
Updated: Live Data

📊 Market Overview

The tech wreck is real, and it's pulling the broader market down with it. Middle East tensions have given cover to what's really a capitulation on AI valuations; investors are finally asking whether the capex splurge justifies the price tags, and the answer today is a resounding no. The Nasdaq is clinging to flat while the Dow gets hammered harder, which tells you large-cap tech is in free fall but the rest of the market is getting dragged along anyway. This is risk-off, full stop. Oil's four-percent surge on geopolitical anxiety is the only bright spot, but it's a one-trick pony trade. Energy is the only sector running today, and that's because people are nervous, not excited.

The cross-asset picture screams institutional de-risking. Bonds are selling off hard across the curve (long end down nearly a point) while equities crumble, which is the worst combination for portfolio managers; there's nowhere to hide. Copper and crude rallying together while gold rolls over suggests real fear about growth, not inflation. The dollar's uptick and weakness in sterling and the franc hint at capital flowing back to safety rather than rotating into risk. Small caps and mid-caps are lagging large caps, the Dow is worse than the S&P 500, and the Nasdaq is barely holding; that's not sector rotation, that's panic editing. Money is heading for the exits, not repositioning. Futures are down across the board with the Russell getting hit worse than mega-cap tech, which is unusual and suggests the bond market is having more say than earnings expectations right now.

⚠️ Risks & Opportunities

• Oil spiking 4.2% on Middle East tensions while equities roll over reveals the market is repricing tail risk; long rates are falling (10Y down 29bps in futures) because growth concerns now outweigh inflation fears, and that's a sell signal for duration-heavy tech that's already down 10% from peaks.

• The Dow's 1.25% collapse versus the Nasdaq's flatness masks real weakness in cyclicals and industrials (down 1.3%) while energy leads on volume; this is a rotation into safety, not a bounce, and the Russell 2000 trailing by only 39bps tells you small caps sense the impulse is broad and structural.

• Today's UoM inflation expectations revision and manufacturing PMI print at cash close could trigger a 200+ point move in ES if consumers signal disinflation faster than expected; a soft read kills any remaining Fed pause narrative and accelerates the unwind of rate-sensitive mega cap valuations.

• Gold selling off 1.17% into higher real yields (TNX +70bps) signals capital is rotating from hedges into front-month crude and base metals, a tell that traders are positioning for energy supply shock, not deflation; copper's +1.51% confirms this is tactical, not panic.

• Mega cap tech holding flat in /NQ futures while /YM gets hammered 1.25% is the single biggest tactical warning; when the Dow decouples lower, it means breadth is dying and the AI capex narrative lost its last secular bull.

• Russell 2000 weakness (down 39bps) paired with energy strength and bond futures selling (duration craters 64bps in /ZB) points to a policy risk unwind; if sentiment flips Monday, re-shorts get tested, but the path of least resistance is lower until we see hard data contradicting the slowdown.


🚀 Notable Movers

GAINERS

  • CRWD rallied 8.31% as cloud-native cybersecurity becomes a must-have in enterprise risk management while broader tech absorbs the day's selloff.
  • PANW jumped 7.26% on defensive positioning; security infrastructure spending holds up when growth budgets tighten, making it a relative outperformer in a mixed tech day.
  • NET climbed 7.26% alongside other infrastructure plays as cloud infrastructure providers benefit from shift away from higher-beta software valuations.
  • DDOG rose 4.74% on resilience in observability and monitoring software, which enterprises view as operational staples rather than discretionary spend.
  • SKHY gained 3.80% as memory chipmakers catch a bid after extended selloff; Motley Fool's repeated mentions of DRAM valuations suggest institutional accumulation off lows.
  • COP advanced 3.57% as crude oil futures surged 4.19%, with WTI strength reflecting real demand for exploration and production cash flow.
  • EQNR climbed 5.26% on similar energy tailwinds; Norwegian oil majors trade off commodity prices more directly than integrated peers.
  • E gained 4.29% as European energy stocks participate in the crude rally, with upstream production benefiting from higher realized prices.
  • FTNT rose 4.10% as cybersecurity spending accelerates on record AI security demand signals mentioned in headlines.
  • AMT increased 4.17% as tower REITs find stability; infrastructure assets outperform in volatile equity markets.

LOSERS

  • TMUS and T both crashed roughly 7.8% on SpaceX wireless ambitions, which threaten to disrupt carrier pricing power and create a new, lower-cost competitor in cellular.
  • BE plunged 11.47% despite beating Q3 earnings and raising guidance; the stock likely gapped lower on valuation reset as AI power euphoria meets profit-taking after a strong run.
  • INFY fell 6.69% as Indian IT services face a growth derating; offshoring and managed services appear less critical to enterprise capex when AI infrastructure vendors capture wallet share.
  • FIX dropped 9.44% even after beating estimates, signaling that mechanical systems and HVAC contractors are vulnerable to recession fears and construction spending uncertainty.
  • CBRE slid 6.17% despite Q3 earnings beat on commercial real estate headwinds; cap rates remain elevated, transaction volumes stay weak, and servicers face margin pressure.
  • CTSH declined 4.31% on contagion from broader IT services weakness; Cognizant and peers struggle to demonstrate differentiation in an AI-accelerated labor market.
  • NEM fell 4.78% as gold futures dropped 1.17% on a stronger dollar and fading safe-haven demand; miners get hit twice on rates and commodity repricing.
  • HWM decreased 3.93% as aerospace suppliers stumble on Boeing execution risk and near-term production uncertainty despite long-cycle visibility.
  • MET lost 4.53% on financial sector weakness; insurers and life companies face duration risk as rates ticked higher and credit spreads widen modestly.
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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 approval36.2% / 61.3%
net −25.1approve −1.1 in 30d
Generic ballotD +8.6
D 51.1 · R 42.4margin +0.5 in 30d
House
D 91%
Senate
D 65%

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

Mortgage rates

Rates & calculator
30-yr fixed · estimate7.23%
-2 bp since last print$2,725/mo on $400,000
15-yr fixed
6.55% +115 bp in a year
30-yr jumbo
7.46% +112 bp in a year
30-yr FHA
7.01% +94 bp in a year
10-yr Treasury
4.988% +3 bp Fri Oct 23

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