US Equities · Pre-Open BriefingAlso todaySee the US Macro Daily

Stocks slide on oil and inflation fears

October 23, 2026
The October 22, 2026 cash session, and what is scheduled today

The S&P 500 fell 1.21% to 7,663.43 and the Nasdaq Composite fell 2.60% to 26,008.86, with the Nasdaq-100 down 2.90%.

Breadth336 up / 166 down
LeadershipS&P 500 by 1.69pp
Member coverage100%

Futures now

Ahead of the open, S&P 500 futures are down 0.21%, Nasdaq 100 futures little changed, Dow futures down 0.56% and Russell 2000 futures down 0.48% against their previous settlement. In Asia, the Nikkei 225 is down 0.34%, the Hang Seng up 0.69% and the Shanghai Composite up 0.89%. In Europe, the Euro Stoxx 50 is down 0.62%, the DAX down 0.77% and the FTSE 100 down 0.53%. Across markets, WTI is up 1.08% at 100.54, Gold is down 0.48% at 4,040.80 and EUR/USD is down 0.36% at 1.1194.

MarketLevelChangeAs of
S&P 500 futures7,688.50-16.00 (-0.21%)2026-10-23
Nasdaq 100 futures29,133.25-8.75 (-0.03%)2026-10-23
Dow futures52,772.00-296.00 (-0.56%)2026-10-23
Russell 2000 futures2,782.80-13.30 (-0.48%)2026-10-23

Where the tape closed

S&P 500
7,663.43
-93.74 (-1.21%)
5d -1.04% · 1m -0.55%
Nasdaq Composite
26,008.86
-694.00 (-2.60%)
5d -2.64% · 1m -3.44%
Nasdaq-100
28,958.69
-863.83 (-2.90%)
5d -3.26% · 1m -4.96%
VIX
19.03
+2.35 (+14.09%)
5d +15.61% · 1m +25.36%

The Session

Of the 503 S&P 500 members that printed, 336 rose and 166 fell. Consumer Staples led the sector table at +3.65% on an equal-weighted basis and Information Technology sat at the bottom at -2.66%. Meta Platforms (META) fell 6.98% and carried the largest share of the weighted index move. The VIX rose 14.09% to 19.03. 27 universe names reported on the session.

World news

The day ahead

Economic calendar

No medium- or high-impact US release scheduled.

Reporting today

Before the open: AXP (cons. 4.47) · SLB (cons. 0.62)

Overnight and across markets

Asia and Europe
MarketLevelChangeAs of
Nikkei 22562,693.16-214.68 (-0.34%)2026-10-23
Hang Seng23,093.37+158.69 (+0.69%)2026-10-23
Shanghai Composite3,690.48+32.45 (+0.89%)2026-10-23
Euro Stoxx 506,049.25-37.76 (-0.62%)2026-10-23
DAX25,176.02-195.73 (-0.77%)2026-10-23
FTSE 10010,668.20-56.80 (-0.53%)2026-10-23
Commodities, currencies and rates
MarketLevelChangeAs of
WTI crude100.54+1.07 (+1.08%)2026-10-23
Gold4,040.80-19.60 (-0.48%)2026-10-23
EUR/USD1.1194-0.0040 (-0.36%)2026-10-23
USD/JPY156.87-1.26 (-0.80%)2026-10-23
US 10-year yield4.96%—2026-10-22

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
METASPXNDXMeta Platforms-6.98%-31.9 bp
MRNASPXNDXModerna-17.57%-30.8 bp
MUSPXNDXMicron Technology-6.26%-29.6 bp
NVDASPXNDXNvidia-4.40%-20.2 bp
AMDSPXNDXAdvanced Micro Devices-8.10%-19.7 bp
SNDKSPXNDXSandisk-8.51%-19.1 bp
INTCSPXNDXIntel-8.04%-15.9 bp
LRCXSPXNDXLam Research-11.76%-10.8 bp

Breadth and sectors

Sector moves equal-weighted across members that printed.

SectorAverage member moveMembers
Consumer Staples+3.65%34
Real Estate+2.02%30
Utilities+1.83%31
Financials+1.77%76
Consumer Discretionary+1.75%47
Health Care+1.28%60
Materials+0.95%24
Communication Services+0.58%22
Industrials+0.35%83
Energy-1.26%21
Information Technology-2.66%75

Largest moves

Risers
TickerNameSession
ALLESPXAllegion+11.02%
ROPSPXNDXRoper Technologies+9.73%
LENSPXLennar+8.69%
BXSPXBlackstone Inc.+8.38%
GISSPXGeneral Mills+8.01%
LULUSPXLululemon Athletica+7.80%
HPQSPXHP Inc.+7.79%
CSGPSPXCoStar Group+7.75%
Fallers
TickerNameSession
MRNASPXNDXModerna-17.57%
COHRSPXCoherent Corp.-12.51%
LRCXSPXNDXLam Research-11.76%
LITESPXNDXLumentum-11.54%
ALABNDXAstera Labs, Inc.-11.11%
FLEXSPXFlex Ltd.-11.08%
CIENSPXCiena-10.71%
GEVSPXGE Vernova-10.64%

Earnings reported in the session

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

TickerNameSlotEPS est.ReportedSurpriseResult
PGProcter & Gamble Company (The)Before open1.89———
UNPUnion Pacific CorporationBefore open3.47———
WDCWestern Digital CorporationAfter close3.99———
LMTLockheed Martin CorporationBefore open7.49———
VLOValero Energy CorporationBefore open21.28———
NEMNewmont CorporationAfter close1.94———
BXBlackstone Inc.Before open1.26———
CMCSAComcast CorporationBefore open0.98———
NSCNorfolk Southern CorporationBefore open3.48———
BEBloom Energy CorporationAfter close0.56———
HONHoneywell International Inc.Before open2.17———
NDAQNasdaq, Inc.Before open1.02———
FIXComfort Systems USA, Inc.After close12.71———
ROPRoper Technologies, Inc.Before open5.79———
CBRECBRE Group, Inc.Before open1.97———
PCGPG&E CorpBefore open0.41———
HBANHuntington Bancshares IncorporatedBefore open0.38———
VRSNVeriSign, Inc.After close2.42———
DOVDover CorporationBefore open2.83———
DGXQuest Diagnostics IncorporatedBefore open2.85———
OMCOmnicom Group Inc.After close2.68———
DOWDow Inc.Before open0.64———
PHMPulteGroup, Inc.Before open2.63———
SNASnap-On IncorporatedBefore open4.91———
TSCOTractor Supply CompanyBefore open0.41———
ALLEAllegion plcBefore open2.49———
DECKDeckers Outdoor CorporationAfter close1.82———

Headlines in the session window

Fed and macro

No high-impact US print on the calendar for this session or the next.

What to watch

Two universe names on the next earnings calendar (AXP, SLB).

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