US Equities · Pre-Open BriefingAlso todaySee the FI Daily

Stocks slide on tariffs and inflation fears

October 19, 2026
The October 16, 2026 cash session, and what is scheduled today

The S&P 500 fell 1.09% to 7,659.44 and the Nasdaq Composite fell 2.15% to 26,140.03, with the Nasdaq-100 down 2.50%.

Breadth249 up / 254 down
LeadershipS&P 500 by 1.41pp
Member coverage100%

Futures now

Ahead of the open, S&P 500 futures are up 0.38%, Nasdaq 100 futures up 1.03%, Dow futures down 0.27% and Russell 2000 futures up 0.44% against their previous settlement. In Asia, the Nikkei 225 is down 0.62%, the Hang Seng up 0.52% and the Shanghai Composite up 0.39%. In Europe, the Euro Stoxx 50 is down 1.20%, the DAX down 1.31% and the FTSE 100 down 1.07%. Across markets, WTI is down 3.18% at 98.19, Gold is up 0.21% at 4,189.90 and EUR/USD is up 0.15% at 1.1230.

MarketLevelChangeAs of
S&P 500 futures7,733.75+29.50 (+0.38%)2026-10-19
Nasdaq 100 futures29,693.75+302.25 (+1.03%)2026-10-19
Dow futures52,075.00-139.00 (-0.27%)2026-10-19
Russell 2000 futures2,747.50+12.00 (+0.44%)2026-10-19

Where the tape closed

S&P 500
7,659.44
-84.62 (-1.09%)
5d -1.95% · 1m +0.28%
Nasdaq Composite
26,140.03
-573.00 (-2.15%)
5d -4.48% · 1m -1.05%
Nasdaq-100
29,187.55
-748.05 (-2.50%)
5d -5.49% · 1m -0.88%
VIX
19.99
+3.53 (+21.45%)
5d +34.70% · 1m +29.47%

The Session

Of the 503 S&P 500 members that printed, 249 rose and 254 fell. Energy led the sector table at +2.70% on an equal-weighted basis and Information Technology sat at the bottom at -3.52%. Micron Technology (MU) fell 5.63% and carried the largest share of the weighted index move. The VIX rose 21.45% to 19.99. Five universe names reported on the session.

World news

The day ahead

Economic calendar

No medium- or high-impact US release scheduled.

Reporting today

No universe name on the reporting calendar for today.

Overnight and across markets

Asia and Europe
MarketLevelChangeAs of
Nikkei 22564,916.70-407.59 (-0.62%)2026-10-19
Hang Seng24,186.83+124.11 (+0.52%)2026-10-16
Shanghai Composite3,730.92+14.64 (+0.39%)2026-10-19
Euro Stoxx 506,129.68-74.55 (-1.20%)2026-10-19
DAX25,288.02-334.59 (-1.31%)2026-10-19
FTSE 10010,765.58-116.32 (-1.07%)2026-10-19
Commodities, currencies and rates
MarketLevelChangeAs of
WTI crude98.19-3.22 (-3.18%)2026-10-19
Gold4,189.90+8.80 (+0.21%)2026-10-19
EUR/USD1.1230+0.0016 (+0.15%)2026-10-19
USD/JPY158.15+0.01 (+0.00%)2026-10-19
US 10-year yield5.09%—2026-10-16

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.

TickerNameSessionContribution
MUSPXNDXMicron Technology-5.63%-28.5 bp
SNDKSPXNDXSandisk-6.85%-15.0 bp
AMDSPXNDXAdvanced Micro Devices-5.95%-13.5 bp
INTCSPXNDXIntel-5.79%-12.1 bp
METASPXNDXMeta Platforms-3.72%-10.3 bp
TSLASPXNDXTesla, Inc.-2.13%-8.9 bp
PLTRSPXNDXPalantir Technologies-7.22%-8.5 bp
AVGOSPXNDXBroadcom-4.52%-8.4 bp

Breadth and sectors

Sector moves equal-weighted across members that printed.

SectorAverage member moveMembers
Energy+2.70%21
Utilities+1.52%31
Consumer Staples+0.92%34
Real Estate+0.47%30
Materials+0.46%24
Financials+0.21%76
Industrials-0.23%83
Consumer Discretionary-0.52%47
Health Care-0.72%60
Communication Services-1.20%22
Information Technology-3.52%75

Largest moves

Risers
TickerNameSession
TRGPSPXTarga Resources+4.37%
FANGSPXNDXDiamondback Energy+4.27%
KMISPXKinder Morgan+4.20%
APASPXAPA Corporation+4.07%
NOCSPXNorthrop Grumman+4.05%
RTXSPXRTX Corporation+3.73%
LMTSPXLockheed Martin+3.65%
EOGSPXEOG Resources+3.53%
Fallers
TickerNameSession
NBISNDXNebius Group N.V.-12.18%
CRWVNDXCoreWeave, Inc.-11.91%
TWLOSPXTwilio-10.62%
SMCISPXSupermicro-9.86%
MSTRNDXStrategy Inc-9.56%
FLEXSPXFlex Ltd.-8.16%
RKLBNDXRocket Lab Corporation-7.98%
MRNASPXNDXModerna-7.82%

Earnings reported in the session

Beat and miss shown only where consensus and actual are both published.

TickerNameSlotEPS est.ReportedSurpriseResult
TRVThe Travelers Companies, Inc.Before open7.07———
TFCTruist Financial CorporationBefore open1.17———
MTBM&T Bank CorporationBefore open4.98———
CFGCitizens Financial Group, Inc.Before open1.38———
RFRegions Financial CorporationBefore open0.67———

Headlines in the session window

Fed and macro

  • Fed Goolsbee Speech2026-10-16 · High impact
  • Fed Goolsbee Speech2026-10-16 · High impact
What to watch

scheduled US macro: Fed Goolsbee Speech (2026-10-16); Fed Goolsbee Speech (2026-10-16).

Get this every weekday morning

The Equities Daily (Beta) lands before the US open with the previous session's close across the S&P 500 and Nasdaq, what carried the index, the story behind each mover, and the day's scheduled earnings and data. Free.

One-click unsubscribe in every email, and you can manage every RoboMacro newsletter from the same subscriptions page.