US Equities · Pre-Open BriefingAlso todaySee the VIX Daily
Stocks slide on tariffs and China
September 29, 2026
The September 28, 2026 cash session, and what is scheduled today
The S&P 500 fell 0.77% to 7,683.69 and the Nasdaq Composite fell 0.92% to 26,820.38, with the Nasdaq-100 down 1.08%.
Breadth164 up / 335 down
LeadershipS&P 500 by 0.31pp
Member coverage100%
Futures now
Ahead of the open, S&P 500 futures are up 0.14%, Nasdaq 100 futures up 0.28%, Dow futures up 0.13% and Russell 2000 futures up 0.21% against their previous settlement. In Asia, the Nikkei 225 is down 0.60%, the Hang Seng down 0.48% and the Shanghai Composite up 0.18%. In Europe, the Euro Stoxx 50 is up 0.94%, the DAX up 0.81% and the FTSE 100 up 0.35%. Across markets, WTI is down 0.75% at 91.91, Gold is up 0.40% at 4,185.10 and EUR/USD is down 0.23% at 1.1352.
| Market | Level | Change | As of |
|---|---|---|---|
| S&P 500 futures | 7,757.75 | +11.00 (+0.14%) | 2026-09-29 |
| Nasdaq 100 futures | 30,652.25 | +86.00 (+0.28%) | 2026-09-29 |
| Dow futures | 51,903.00 | +66.00 (+0.13%) | 2026-09-29 |
| Russell 2000 futures | 2,846.20 | +6.10 (+0.21%) | 2026-09-29 |
Where the tape closed
S&P 500
7,683.69
-59.72 (-0.77%)
5d -1.04% · 1m -0.61%
Nasdaq Composite
26,820.38
-248.34 (-0.92%)
5d -1.11% · 1m +1.05%
Nasdaq-100
30,276.81
-331.32 (-1.08%)
5d -0.67% · 1m +2.14%
VIX
16.07
+1.20 (+8.07%)
5d +8.07% · 1m +11.37%
The Session
Of the 503 S&P 500 members that printed, 164 rose and 335 fell. Health Care led the sector table at +0.26% on an equal-weighted basis and Information Technology sat at the bottom at -1.25%. Meta Platforms (META) fell 4.79% and carried the largest share of the weighted index move. The VIX rose 8.07% to 16.07.
World news
- China to cut tariffs on US farm goods, but list excludes soybeans - ReutersReuters Business
- US, China agree to cut tariffs on $60B worth of productsThe Hill Economy
- U.S., China each cut tariffs on $30-billion of products after Trump-Xi meetingGlobe and Mail
- US lists goods for lower tariffs under China trade dealPunch Nigeria
- China and the U.S. Pledge to Cut Tariffs on $60 Billion in GoodsNY Times Business
Sector news breakdown
Information Technology
- Arm Holdings plc ARMNDX -8.70%Arm Sinks 9% as Chip Selloff Deepens; Qualcomm Drops 6%, Marvell Slides 5% Arm is dropping nearly twice as hard as its closest chip peers, and the reason goes well beyond inflation fears and profit taking. A $25 billion loan tied directly to Arm's share price gives SoftBank a stake in every tick lower. 24/7 Wall St. · Sep 28, 11:51 AM ET
- Qualcomm QCOMSPXNDX -7.17%Qualcomm Just Locked In Apple. Our Target Sits Above Wall Street’s Qualcomm just sealed a renewed patent deal with Apple, and the market moved fast. Whether this resets the ceiling for QCOM shares or simply buys time before a bigger reckoning depends on what replaces billions in revenue that could vanish by fiscal 2027. 24/7 Wall St. · Sep 28, 9:30 AM ET
- Intel INTCSPXNDX -5.67%Intel Shares Tumble 5% as Fresh AI Risks Rattle Chip Stocks Intel Stock Slumps as New AI Risks Put Chipmakers Under Pressure… GuruFocus.com · Sep 28, 12:35 PM ET
- Palo Alto Networks PANWSPXNDX +4.63%Palo Alto Networks (PANW) Brings Industrial Edge Connectivity To Its Firewall Ecosystem Palo Alto Networks (NasdaqGS:PANW) and Semtech announced an integration of Semtech’s AirLink edge networking portfolio with Palo Alto Networks’ Next-Generation Firewalls. Simply Wall St. · Sep 28, 10:08 AM ET
- Sandisk SNDKSPXNDX -3.65%Why Sandisk Stock Dropped Today Investors are worried about Sandisk today. Should you be, too? Motley Fool · Sep 28, 3:19 PM ET
- Advanced Micro Devices AMDSPXNDX -3.61%AMD to Acquire World Labs for $8.2 Billion Semiconductor company said the deal would bring leading AI research and development talent and help the company develop better AI hardware, software, and systems, especially in the growing field of physical AI and robotics. The Wall Street Journal · Sep 28, 4:27 PM ET
- CrowdStrike CRWDSPXNDX +2.82%What Could Derail CrowdStrike Stock? If you own CrowdStrike (CRWD), one worry stands out: did its best quarter come from a burst of AI urgency that will fade? Management called fiscal Q2 2027 the company's very best quarter. Over the last year, CrowdStrike stock returned 112%, against 18.0% for the S&P 500. Trefis · Sep 28, 12:08 PM ET
Communication Services
- Meta Platforms METASPXNDX -4.79%Scoop: Meta elevates Tucker Bounds to lead comms; David Ginsberg shifts to new AI role Longtime Meta executive David Ginsberg is shifting to a new AI-focused innovation role, according to a staff memo obtained by Axios. Tucker Bounds, another Meta veteran, will be elevated to head of communications and public affairs in his stead. Axios · Sep 28, 4:30 PM ET
- Paramount Skydance Corporation PSKYSPX +3.21%Paramount to Hold Calls for Warner Deal’s $44 Billion Bond Sale Paramount Skydance Corp is holding investor calls for about $44.4 billion-equivalent of bonds on Monday to fund its acquisition of Warner Bros. Discovery Inc. Bloomberg · Sep 28, 9:22 AM ETMarket Chatter: Paramount Initiates $44 Billion Bond Sale for Warner Bros. Acquisition Paramount Skydance's (PSKY) plan to raise over $44 billion from US dollar and euro bond sales has be… MT Newswires · Sep 28, 11:15 AM ET
Consumer Discretionary
- DoorDash DASHSPXNDX -7.74%DoorDash doubles down on WPP, naming agency global media partner WPP continues to succeed in deepening relationships with existing clients following a similar win with Estée Lauder and scoring Wendy’s U.S. media. Marketing Dive · Sep 28, 11:00 AM ET
- Tesla, Inc. TSLASPXNDX -3.94%Why Tesla Stock Is Tied to SpaceX Ahead of a Big Week for the EV Maker Tesla sold almost 500,000 EVs in the third quarter of 2025. Analysts expected a year over year decline in Q3 2026. Barrons.com · Sep 28, 1:10 PM ETTesla Postpones Roadster Unveil Ahead Of Q3 Delivery Release; Stock Drops Tesla was supposed to the showcase the new version of the Roadster this week — almost a decade after it was first announced. Investor's Business Daily · Sep 28, 3:56 PM ET
- Carnival Corporation Ltd. CCLSPX -0.49%Carnival (CCL) Reports Q3: Everything You Need To Know Ahead Of Earnings Cruise ship company Carnival (NYSE:CCL) will be reporting results this Tuesday before market hours. Here’s what investors should know. StockStory · Sep 28, 11:10 AM ET
Industrials
- Boeing BASPX -6.91%Boeing Shares Drop After WSJ Report of 737 MAX Software Glitch Boeing shares slid about 5% Monday after the plane maker confirmed the existence of a software glitch that could complicate the rollout of its next jet model. The Wall Street Journal · Sep 28, 12:02 PM ETWill a New 737 MAX Software Glitch Delay Boeing’s Turnaround? Boeing stock dropped early Monday after a new 737 MAX software problem emerged. The move came after a weekend report from The Wall Street Journal about a MAX software glitch that can affect landing after an initial missed approach. Boeing notified airlines of the problem in late August. Barrons.com · Sep 28, 9:57 AM ET
- Space Exploration Technologies Corp. SPCXNDX -2.16%Why Tesla Stock Is Tied to SpaceX Ahead of a Big Week for the EV Maker Tesla sold almost 500,000 EVs in the third quarter of 2025. Analysts expected a year over year decline in Q3 2026. Barrons.com · Sep 28, 1:10 PM ETSpaceX's Starship reaches orbit for first time despite engine shutdown SpaceX Corp (NASDAQ:SPCX)'s Starship reached orbit for the first time on Monday despite an unexpected engine shutdown, deploying 26 Starlink V3 satellites during a shortened mission. One of Starship's three main Raptor engines shut down upon reaching space, prompting SpaceX spokesperson Dan... Proactive · Sep 28, 12:39 PM ET
Moved more than 3% with no company-specific item clearing the relevance bar: BE -8.95% · CVNA -7.06%.
The day ahead
Economic calendar
| Time | Release | Impact | Consensus | Previous |
|---|---|---|---|---|
| 09:00 ET | S&P/Case-Shiller Home Price Year-over-Year | Medium | 2.2 | 2.1 |
| 10:00 ET | JOLTs Job Openings | High | 7230000.00 | 7271000.000 |
| 10:00 ET | Cb Consumer Confidence | Medium | — | 89.4 |
| 13:00 ET | Fed Goolsbee SpeechFed | High | — | — |
| 13:30 ET | Speech by Fed's Musalem | Medium | — | — |
| 14:00 ET | Speech by Fed's Williams | Medium | — | — |
| 16:30 ET | API Weekly Crude Oil Stocks | Medium | -1900000.0 | 1786000.000 |
Reporting today
Before the open: CCL (cons. 1.36)
Overnight and across markets
Asia and Europe
| Market | Level | Change | As of |
|---|---|---|---|
| Nikkei 225 | 65,481.27 | -396.35 (-0.60%) | 2026-09-29 |
| Hang Seng | 24,523.57 | -118.94 (-0.48%) | 2026-09-29 |
| Shanghai Composite | 3,830.45 | +6.83 (+0.18%) | 2026-09-29 |
| Euro Stoxx 50 | 6,360.63 | +59.35 (+0.94%) | 2026-09-29 |
| DAX | 25,578.93 | +204.51 (+0.81%) | 2026-09-29 |
| FTSE 100 | 10,722.46 | +37.56 (+0.35%) | 2026-09-29 |
Commodities, currencies and rates
| Market | Level | Change | As of |
|---|---|---|---|
| WTI crude | 91.91 | -0.69 (-0.75%) | 2026-09-29 |
| Gold | 4,185.10 | +16.70 (+0.40%) | 2026-09-29 |
| EUR/USD | 1.1352 | -0.0026 (-0.23%) | 2026-09-29 |
| USD/JPY | 157.23 | -0.23 (-0.15%) | 2026-09-29 |
| US 10-year yield | 5.24% | — | 2026-09-28 |
Where the indices sit
S&P 500 daily bars for the last 30 sessions, then three months of closes rebased to 100.
What carried the session
Proxy: dollar-volume share among members that printed, times the move. Not official index weight.
| Ticker | Name | Session | Contribution |
|---|---|---|---|
| METASPXNDX | Meta Platforms | -4.79% | -20.8 bp |
| INTCSPXNDX | Intel | -5.67% | -15.8 bp |
| MUSPXNDX | Micron Technology | -2.61% | -13.2 bp |
| NVDASPXNDX | Nvidia | +1.68% | +11.9 bp |
| TSLASPXNDX | Tesla, Inc. | -3.94% | -11.8 bp |
| AMDSPXNDX | Advanced Micro Devices | -3.61% | -10.5 bp |
| SNDKSPXNDX | Sandisk | -3.65% | -9.1 bp |
| BESPX | Bloom Energy | -8.95% | -8.0 bp |
Breadth and sectors
Sector moves equal-weighted across members that printed.
| Sector | Average member move | Members |
|---|---|---|
| Health Care | +0.26% | 60 |
| Consumer Staples | +0.06% | 33 |
| Energy | -0.54% | 21 |
| Communication Services | -0.57% | 23 |
| Industrials | -0.65% | 83 |
| Real Estate | -0.67% | 30 |
| Utilities | -0.70% | 31 |
| Materials | -0.70% | 25 |
| Consumer Discretionary | -0.74% | 47 |
| Financials | -1.14% | 76 |
| Information Technology | -1.25% | 74 |
Largest moves
Risers
| Ticker | Name | Session |
|---|---|---|
| PANWSPXNDX | Palo Alto Networks | +4.63% |
| PSKYSPX | Paramount Skydance Corporation | +3.21% |
| CRWDSPXNDX | CrowdStrike | +2.82% |
| PSPX | Everpure | +2.70% |
| VTRSSPX | Viatris | +2.47% |
| ISRGSPXNDX | Intuitive Surgical | +2.37% |
| MTDSPX | Mettler Toledo | +2.22% |
| WATSPX | Waters Corporation | +2.17% |
Fallers
| Ticker | Name | Session |
|---|---|---|
| BESPX | Bloom Energy | -8.95% |
| ARMNDX | Arm Holdings plc | -8.70% |
| DASHSPXNDX | DoorDash | -7.74% |
| QCOMSPXNDX | Qualcomm | -7.17% |
| CVNASPX | Carvana | -7.06% |
| BASPX | Boeing | -6.91% |
| INTCSPXNDX | Intel | -5.67% |
| METASPXNDX | Meta Platforms | -4.79% |
Earnings reported in the session
Beat and miss shown only where consensus and actual are both published.
No universe names in the earnings feed for this session.
Headlines in the session window
- S&P 500 Falls as Inflation Worry Lifts Bond YieldsBloomberg Markets
- Micron could dethrone Nvidia and become the biggest driver of S&P 500 profit growthMarketWatch
- Morgan Stanley’s Mike Wilson says an S&P 500 correction may be exactly what the market needsMarketWatch
- Orion Digital Regains Compliance with Nasdaq’s Minimum Bid Price RequirementFinancial Post
- 24/7 Stock Trading Is About to Test Financial MarketsBloomberg Markets
- Fed Rate Hike and Market Highs: What Really Drives U.S. Stocks? - KuCoinGoogle News US
- Stock Market Today: Treasury Selloff Pauses, But Yields Remain at Painful HighsWSJ Markets
- AMD to Acquire World Labs to Advance the Future of AI ComputeFinancial Post
Fed and macro
No high-impact US print on the calendar for this session or the next.
What to watch
One universe name on the next earnings calendar (CCL).
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