Updated hourly, 6 AM – 4 PM ET
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.
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.

Stock Market Dashboard

Live indices, movers, options and volatility · Oct 22, 2026

Pre-market Run screener

Today's economic data

Actual vs forecast history

Times ET · updates automatically as numbers are released · σ = surprise vs the indicator's typical forecast miss

Top moversPre-mkt

Top movers (pre-market), market cap $2B+. Select a column header to sort.
SymbolLastChgVolMkt cap
QS QuantumScape Corporatio… 4.27 +7.29% 545.6K $2.5B
RTO Rentokil Initial plc Am… 22.46 +6.75% 32.2K $10.7B
SSL Sasol Limited 17.23 +6.42% 23.9K $10.2B
SPOT Spotify Technology S.A. 551.00 +4.88% 101.5K $108.2B
ALLE Allegion Public Limited… 167.05 +5.06% 11.4K $13.4B
LMT Lockheed Martin Corp. 575.00 +4.26% 59.0K $126.6B
LPL LG Display Co. Ltd. 2.76 +4.57% 7.4K $2.6B
LBRT Liberty Energy Inc. 17.45 +4.55% 3.5K $2.7B

Sector heat map

Pre-mkt

Pre-market: colour = change since yesterday's close, box size = volume so far vs the 20-day average at this time of day.

Fed rate odds

FedWatch
Oct 28 FOMCimplied
Hold
88%
+25bp
12%
Dec 9 FOMCimplied
Hold
15%
+25bp
85%

EFFR 3.88% · market-implied

Screeners

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Economic calendar

Upcoming US economic events, times ET. Select a column header to sort.
TimeEventImpactActualFcstPrev
Today
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 StorageL80B67B
Tomorrow
Fri 10/23 09:45Flash Manufacturing PMIM55.457.0
Fri 10/23 09:45Flash Services PMIM57.958.7
Fri 10/23 10:00Revised UoM Consumer SentimentM46.346.3
Fri 10/23 10:00Revised UoM Inflation ExpectationsM—4.7%
Tue, Oct 27early look · forecasts to come
Tue 10/27 08:30Durable Goods Orders m/mL—0.0%
Tue 10/27 08:30Core Durable Goods Orders m/mL—0.3%
Showing 1–9 of 22
Page 1 of 3

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
PG Procter & Gamble Comp… Thu 10/22 BMO 1.89 +3.0% vs ±5.0% $370.3B
UNP Union Pacific Corporation Thu 10/22 BMO 3.47 −1.1% vs ±6.0% $170.9B
WDC Western Digital Corporation Thu 10/22 AMC 3.99 ±15.8% $136.1B
LMT Lockheed Martin Corporation Thu 10/22 BMO 7.49 +4.3% vs ±7.7% $126.6B
VLO Valero Energy Corporation Thu 10/22 BMO 21.28 ±12.8% $124.8B
NEM Newmont Corporation Thu 10/22 AMC 1.94 ±9.3% $123.1B
SPOT Spotify Technology S.A. Thu 10/22 BMO 3.10 ±12.2% $108.3B
BX Blackstone Inc. Thu 10/22 BMO 1.26 −2.9% vs ±9.2% $82.8B
Showing 1–8 of 609
Page 1 of 77

Market Commentary

Updated hourly
Updated: Live Data

🌅 Pre-Market Overview

The overnight story is a clear pivot: Asia sold off hard, the Nikkei cratering nearly three percent, and suddenly the AI euphoria from yesterday's SpaceX bounce looks fragile. Middle East oil tensions are pushing crude and heating oil sharply higher, which typically signals risk-off positioning when equities are falling simultaneously. Tech is getting hammered in futures (Nasdaq down 1.65 percent), and crypto is cratering alongside it, suggesting investors are rotating out of the most vulnerable growth trades. This is textbook de-risking, not a healthy rotation. Yesterday's relief rally on SpaceX results was a bear trap, and the market is punishing anyone who held overnight into this Asia open.

The cross-asset picture screams fear mixed with some geopolitical hedging. Treasuries are rallying hard across the entire curve, with long bonds up nearly 90 basis points in price, while equities and metals are both getting crushed. That's the classic flight-to-safety trade in full bloom. Gold should be rocketing higher in this environment, but it's down 1.3 percent, which tells you that deleveraging is outweighing safe-haven demand right now. The yen is strengthening, copper is collapsing, and bitcoin is falling off a cliff; when risk assets and commodities fall together while bonds rally, you're looking at forced selling and margin calls, not just mean reversion. The energy complex is the only bright spot, but oil strength on Middle East jitters combined with everything else selling off only deepens the recession trade narrative heading into the cash open.

⚠️ Risks & Opportunities

• Nasdaq futures down 1.65% while long bonds rally hard (30Y up 86bps) signals a classic risk-off unwind; equities are pricing in either growth disappointment or Fed pivot expectations, but the bond move is too aggressive to be pure recession fear, so this is tactical deleveraging into tomorrow's PMI data.

• Oil up 2% while equities and copper both crater is the real tell; geopolitical premium is real and insulating energy from broader selloff, which means macro traders are hedging growth risk but not panic-selling yet, leaving room for a dead-cat bounce if Middle East headlines stabilize overnight.

• Mega-cap tech rotation is brutal with Nasdaq lagging S&P by 64bps, but Russell 2000 down only 82bps tells you small-caps are holding the line; when rate expectations shift lower, value catches a bid fast, so watch for defensive sectors (healthcare, staples) to underperform at the open before a potential mid-morning reversal into cyclicals.

• Yen up 0.88%, dollar stable, and crypto down 3-4% means carry trades are unwinding and risk assets are bleeding; this is the first time in weeks leverage is actually getting flushed, so Friday's unemployment claims number could spark either a sharp capitulation bounce or accelerate the unwind if the print is soft.

• Tomorrow's Flash PMI suite (manufacturing and services) at 9:45am ET is now the market's single biggest decision point; if either print soft, we're likely seeing a 2-3% gap down hold into a lower open; if they surprise hot, the bond rally reverses hard and equities claw back half the overnight loss by mid-session.

• Meta and Tesla earnings uncertainty combined with this overnight liquidation creates option gamma risk around the ES 7700 level; shorts will defend that level hard at the open, so any bounce attempt into 7750-7800 should be treated as a sell into weakness, not a reversal confirmation.

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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 approval36.1% / 61.4%
net −25.2approve −1.3 in 30d
Generic ballotD +8.7
D 50.9 · R 42.2margin +0.8 in 30d
House
D 92%
Senate
D 67%

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

Mortgage rates

Rates & calculator
30-yr fixed · estimate7.34%
+1 bp since last print$2,753/mo on $400,000
15-yr fixed
6.53% +105 bp in a year
30-yr jumbo
7.33% +99 bp in a year
30-yr FHA
7.15% +109 bp in a year
10-yr Treasury
5.146% +2 bp today

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