Updated hourly, 6 AM – 4 PM ET
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.
Tech gets the spotlight as Nasdaq jumps 1% on Anthropic IPO buzz, but breadth is crumbling. Mag Seven weakness dragging the S&P 500 lower for a third straight day below the 50-day. Brazil stocks in freefall. PBR.A
Tech surges on Anthropic IPO buzz while Brazil stocks crater. Semiconductor strength carries the day; TSLA leads the charge with a 5.8% pop. Fed decision and earnings deluge loom large this week.
Futures grinding higher on a mixed morning. Crude sliding 2.2% after last week's rout, natural gas crashing 4.9%, and gold catching a bid. Nasdaq futures lagging slightly while small caps and Dow lead. Big week ahead with earnings season ramping and Fed decision looming. Market trying to find its footing after taking lumps last week. IWM outperforming.
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.

Stock Market Dashboard

Live indices, movers, options and volatility · Oct 27, 2026

Live Run screener

Top moversOct 27

SymbolLastChgRel volMkt cap
KNSA Kiniksa Pharmaceuticals… 89.41 +22.51% 3.2x $5.7B
HRI Herc Holdings Inc. 155.41 +22.24% 2.6x $4.3B
CHRN ChronoScale Holdings Co… 17.51 +19.69% 1.8x $2.1B
USAR USA Rare Earth, Inc. Cl… 10.43 +17.06% 1.4x $3.3B
CTOS Custom Truck One Source, Inc. 10.43 +15.70% 2.0x $2.0B
SOFI SoFi Technologies, Inc.… 16.39 +13.31% 3.4x $18.7B
PNR Pentair plc 62.51 +13.19% 2.5x $8.8B
ABG Asbury Automotive Group, Inc. 196.56 +13.65% 2.0x $3.1B

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
15%
+25bp
85%

EFFR 3.88% · market-implied

Screeners

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Economic calendar

TimeEventImpactActualFcstPrev
Today
Wed 10/28 08:30Goods Trade BalanceL-130.4B-132.6B
Wed 10/28 08:30Prelim Wholesale Inventories m/mL0.5%0.7%
Wed 10/28 10:30Crude Oil InventoriesL0.1M-3.1M
Wed 10/28 14:00Federal Funds RateH4.00%4.00%
Wed 10/28 14:00FOMC StatementH——
Wed 10/28 14:30FOMC Press ConferenceH——
Tomorrow
Thu 10/29 08:30Advance GDP q/qH3.2%1.5%
Thu 10/29 08:30Core PCE Price Index m/mH0.3%0.2%
Thu 10/29 08:30Advance GDP Price Index q/qM3.2%6.2%
Thu 10/29 08:30Unemployment ClaimsM198K194K
Showing 1–10 of 30
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
MSFT Microsoft Corporation Wed 10/28 AMC 4.71 ±7.4% $3.96T
GOOG Alphabet Inc. Wed 10/28 AMC 2.94 ±8.5% $3.87T
GOOGL Alphabet Inc. Wed 10/28 AMC 2.94 ±8.8% $3.87T
GEV GE Vernova Inc. Wed 10/28 BMO 4.03 ±12.1% $227.7B
KLAC KLA Corporation Wed 10/28 AMC 1.18 ±14.1% $194.7B
SAN Banco Santander, S.A. Wed 10/28 BMO 0.26 ±9.4% $186.1B
APH Amphenol Corporation Wed 10/28 BMO 0.73 ±10.9% $185.6B
NOW ServiceNow, Inc. Wed 10/28 AMC 0.56 ±14.3% $163.6B
Showing 1–8 of 536
Page 1 of 67

Market Commentary

Updated hourly
Updated: Live Data

📊 Market Overview

Tech is having a second wind and it's not hard to see why. Semiconductor stocks are extending yesterday's Anthropic-fueled rally, and with a healthy earnings calendar rolling through, growth names are reclaiming the spotlight. Oil rolling over on Iran chatter has removed a key headwind for risk assets, while the VIX compression tells you institutional players are rotating back into equities with real conviction. This is risk-on, full stop. The Nasdaq's 1.3% pop versus the Dow's flatline screams quality and momentum over value, and that's where the real money is flowing right now.

The sector bifurcation is stark and telling. Tech and discretionary are leading while energy gets hammered and staples retreat, which speaks to a classic risk-on setup where investors are chasing growth at the expense of safety. But here's the catch: the Russell 2000 is also tracking higher alongside mega-cap tech, which means small caps are finally catching a bid after wallowing in correction territory. That's not typical for a pure tech rally and it suggests institutional money is broadening exposure, not just piling into the Magnificent Seven. Copper and precious metals are rising in concert while rates tick up slightly and the dollar edges higher, which creates an odd cross-asset picture. It's not a classic "growth trade everything" environment; it's more nuanced. Real money is positioning for a Goldilocks scenario where growth wins but inflation fears stay contained, which means they're betting on soft landing durability over recession insurance.

⚠️ Risks & Opportunities

• Nasdaq up 1.3% on chip strength while Russell 2000 struggles 11% off peak tells you large cap tech is disconnecting from broad market health, and this divergence will snap when Fed cuts rates tomorrow (or signals pause).

• FOMC decision and GDP print Wednesday/Thursday are the only things that matter this week; if inflation data surprises hot, Treasuries sell off hard and equities roll over fast regardless of today's semblance of calm.

• Oil down 1.5% on Iran comments while gold and copper rally suggests real rates are compressing and inflation hedges are bid, which is classic "Fed cuts but inflation stays sticky" positioning that typically corrects violently once the committee speaks.

• Russell 2000 at trend resistance and down 11% from highs while small cap futures still rallying is a trap; breadth is failing and rate-sensitive names will crater if tomorrow's statement hints at fewer cuts than priced.

• VIX at 17.6 is too complacent given the headline risk between now and Thursday close; any hawkish surprise or weak GDP print will punch this back to 22-24 in minutes and liquidate the leverage that's propping up semiconductor momentum.

• Natural gas up 5% signals real demand concerns or geopolitical premium, but energy complex weakness elsewhere means this won't transmit into broad inflation reacceleration narrative that could change Fed calculus, so it's a tell not a trade.

🚀 Notable Movers

GAINERS

  • DELL jumped 7.4% as the server and infrastructure play continues to benefit from enterprise AI buildout, with Dell positioned as a prime beneficiary of data center capex acceleration.
  • ALAB gained 10.5% on strength in memory and connectivity chips for AI infrastructure, riding the broader momentum in semiconductor suppliers that enable high-performance computing clusters.
  • CLS surged 12% after Q3 earnings topped expectations, signaling robust demand for electronics manufacturing services tied to AI server and cloud hardware ramps.
  • CRWV climbed 7.9% as the cloud infrastructure and GPU rental specialist appears to be catching bids alongside other pure-play AI compute providers in a tech-heavy rally.
  • BE rallied 7.2% on optimism around its repeated 2026 forecast raises and massive near-term power demand from AI data centers, which require substantial incremental electrical capacity.
  • WDC advanced 7% after a rating upgrade to Buy, with storage demand picking up from enterprise customers scaling AI workloads and infrastructure projects.
  • STM gained 7.8% as the automotive and industrial semiconductor supplier benefits from broad chip sector strength and new product announcements in safety sensors.
  • RKLB jumped 8.5% on a rebound from oversold levels; the recent Neutron launch delay appears to be viewed as a quality control positive rather than a setback by investors hunting for beaten-down aerospace names.
  • NBIS rose 11.4%, likely reflecting strong positioning in cloud infrastructure and AI compute services, which are experiencing heavy institutional demand ahead of data center spending cycles.
  • FER climbed 7.2% following its addition to the Nasdaq-100 Index effective December 22, a technical catalyst that often drives buying in recently added constituents.

LOSERS

  • BA plummeted 10.7% after reporting a wider-than-expected Q3 loss, with revenue gains insufficient to offset the severity of operational challenges and cash burn concerns facing the aerospace manufacturer.
  • VLO dropped 9.4% as refining margins compress amid weaker crude prices and slowing demand signals; WTI crude fell 1.5% today in a broad energy sector selloff.
  • MPC fell 7.5%, caught up in the energy complex downdraft as refined product demand remains soft and refining spreads face headwinds from lower oil prices.
  • HSBC declined 5.6% on broad-based weakness in global financials, with international banks pulling back as rate expectations stabilize and deposit spread dynamics tighten.
  • WELL dropped 5.5% as healthcare REITs face sector-wide selling pressure tied to rising cap rates and refinancing concerns in the real estate complex, which lagged today down 0.8%.
  • ACN fell 4.8% alongside enterprise software and consulting names, likely signaling caution on business services demand in an uncertain macro environment despite AI tailwinds.
  • CRM slipped 2.7% as software stocks took a brief pause after strong recent gains; the SaaS sector appears to be consolidating rather than breaking higher ahead of ServiceNow earnings.
  • XOM declined 2.5%, weighed down by the energy sector's 2% underperformance as crude weakness ripples through the complex and reduces sentiment on integrated oil majors.
  • BP fell 3.2%, dragged lower by crude headwinds and sector rotation away from energy as investors rotate into technology and discretionary names on the day.
  • ADP slipped 2.7%, likely a spillover from broader enterprise software rotation and pre-earnings caution rather than a company-specific driver.
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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 approval36.2% / 61.3%
net −25.1approve −1.3 in 30d
Generic ballotD +8.5
D 51.5 · R 43.0margin +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 · estimate7.20%
+0 bp since last print$2,715/mo on $400,000
15-yr fixed
6.52% +114 bp in a year
30-yr jumbo
7.27% +74 bp in a year
30-yr FHA
7.02% +91 bp in a year
10-yr Treasury
4.993% -1 bp Tue Oct 27

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