US Equities · Pre-Open BriefingAlso todaySee the US Macro Daily
Stocks slide on Fed odds and inflation
October 30, 2026
The October 29, 2026 cash session, and what is scheduled today
The S&P 500 fell 0.30% to 7,720.39 and the Nasdaq Composite fell 1.38% to 26,184.72, with the Nasdaq-100 down 1.38%.
Breadth406 up / 97 down
LeadershipS&P 500 by 1.07pp
Member coverage100%
Futures now
Ahead of the open, S&P 500 futures are down 1.06%, Nasdaq 100 futures down 2.43%, Dow futures up 0.06% and Russell 2000 futures down 0.55% against their previous settlement. In Asia, the Nikkei 225 is down 2.12%, the Hang Seng up 1.46% and the Shanghai Composite down 1.44%. In Europe, the Euro Stoxx 50 is down 0.82%, the DAX down 0.60% and the FTSE 100 up 0.24%. Across markets, WTI is up 2.20% at 104.24, Gold is down 1.07% at 3,988.20 and EUR/USD is up 0.44% at 1.1204.
| Market | Level | Change | As of |
|---|---|---|---|
| S&P 500 futures | 7,671.75 | -82.50 (-1.06%) | 2026-10-30 |
| Nasdaq 100 futures | 28,845.00 | -717.00 (-2.43%) | 2026-10-30 |
| Dow futures | 52,542.00 | +30.00 (+0.06%) | 2026-10-30 |
| Russell 2000 futures | 2,851.40 | -15.90 (-0.55%) | 2026-10-30 |
Where the tape closed
S&P 500
7,720.39
-23.59 (-0.30%)
5d +0.74% · 1m +0.90%
Nasdaq Composite
26,184.72
-365.12 (-1.38%)
5d +0.68% · 1m -2.52%
Nasdaq-100
29,402.51
-410.65 (-1.38%)
5d +1.53% · 1m -3.31%
VIX
17.20
+0.29 (+1.71%)
5d -9.62% · 1m +5.26%
The Session
Of the 503 S&P 500 members that printed, 406 rose and 97 fell. Consumer Discretionary led the sector table at +3.21% on an equal-weighted basis and Information Technology sat at the bottom at -1.15%. Alphabet Inc. (Class A) (GOOGL) fell 12.64% and carried the largest share of the weighted index move. The VIX rose 1.71% to 17.20. 64 universe names reported on the session.
World news
The day ahead
Economic calendar
| Time | Release | Impact | Consensus | Previous |
|---|---|---|---|---|
| 08:30 ET | Employment Cost - Benefits Quarter-over-Quarter | Medium | — | 1 |
| 08:30 ET | Employment Cost - Wages Quarter-over-Quarter | Medium | — | 0.9 |
| 08:30 ET | Employment Cost Index Quarter-over-Quarter | Medium | 0.8 | 0.9 |
| 09:45 ET | Chicago PMI | Medium | 56.1 | 58.8 |
| 12:30 ET | Speech by Fed's Musalem | Medium | — | — |
Reporting today
Before the open: XOM (cons. 3.90) · ABBV (cons. 3.74) · CVX (cons. 4.78) · GD (cons. 4.14) · REGN (cons. 13.76) · CL (cons. 0.92) · D (cons. 1.20) · EXC (cons. 0.80) · KVUE (cons. 0.28) · CHD (cons. 0.90) · LYB (cons. 2.73) · CBOE (cons. 3.42) · FRT (cons. 1.85)
Overnight and across markets
Asia and Europe
| Market | Level | Change | As of |
|---|---|---|---|
| Nikkei 225 | 63,290.11 | -1,369.36 (-2.12%) | 2026-10-30 |
| Hang Seng | 23,294.42 | +335.77 (+1.46%) | 2026-10-30 |
| Shanghai Composite | 3,599.02 | -52.42 (-1.44%) | 2026-10-30 |
| Euro Stoxx 50 | 6,156.11 | -50.96 (-0.82%) | 2026-10-30 |
| DAX | 25,884.06 | -155.62 (-0.60%) | 2026-10-30 |
| FTSE 100 | 10,747.96 | +25.86 (+0.24%) | 2026-10-30 |
Commodities, currencies and rates
| Market | Level | Change | As of |
|---|---|---|---|
| WTI crude | 104.24 | +2.24 (+2.20%) | 2026-10-30 |
| Gold | 3,988.20 | -43.20 (-1.07%) | 2026-10-30 |
| EUR/USD | 1.1204 | +0.0049 (+0.44%) | 2026-10-30 |
| USD/JPY | 157.14 | -0.70 (-0.44%) | 2026-10-30 |
| US 10-year yield | 4.98% | — | 2026-10-29 |
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 |
|---|---|---|---|
| GOOGLSPXNDX | Alphabet Inc. (Class A) | -12.64% | -89.8 bp |
| GOOGSPXNDX | Alphabet Inc. (Class C) | -12.29% | -57.9 bp |
| NOWSPX | ServiceNow | -26.95% | -40.4 bp |
| MRVLSPXNDX | Marvell Technology | -13.24% | -21.6 bp |
| MUSPXNDX | Micron Technology | -4.98% | -18.2 bp |
| AMZNSPXNDX | Amazon | -4.25% | -14.9 bp |
| SNDKSPXNDX | Sandisk | -5.32% | -10.0 bp |
| CATSPX | Caterpillar Inc. | -9.25% | -8.8 bp |
Breadth and sectors
Sector moves equal-weighted across members that printed.
| Sector | Average member move | Members |
|---|---|---|
| Consumer Discretionary | +3.21% | 47 |
| Real Estate | +2.18% | 30 |
| Industrials | +1.71% | 83 |
| Financials | +1.59% | 76 |
| Health Care | +1.53% | 60 |
| Utilities | +1.51% | 31 |
| Materials | +1.31% | 24 |
| Consumer Staples | +1.11% | 34 |
| Energy | +0.07% | 21 |
| Communication Services | +0.00% | 22 |
| Information Technology | -1.15% | 75 |
Largest moves
Risers
| Ticker | Name | Session |
|---|---|---|
| GENSPX | Gen Digital | +15.81% |
| CVNASPX | Carvana | +15.68% |
| NCLHSPX | Norwegian Cruise Line Holdings | +13.45% |
| HIISPX | Huntington Ingalls Industries | +13.23% |
| TXTSPX | Textron | +11.67% |
| CMGSPX | Chipotle Mexican Grill | +8.88% |
| LHXSPX | L3Harris | +6.84% |
| LLYSPX | Lilly (Eli) | +6.63% |
Fallers
| Ticker | Name | Session |
|---|---|---|
| NOWSPX | ServiceNow | -26.95% |
| ALNYNDX | Alnylam Pharmaceuticals, Inc. | -25.13% |
| FTNTSPXNDX | Fortinet | -20.09% |
| MRVLSPXNDX | Marvell Technology | -13.24% |
| GOOGLSPXNDX | Alphabet Inc. (Class A) | -12.64% |
| GOOGSPXNDX | Alphabet Inc. (Class C) | -12.29% |
| HONASPXNDX | Honeywell Aerospace | -9.60% |
| CATSPX | Caterpillar Inc. | -9.25% |
Earnings reported in the session
Beat and miss shown only where consensus and actual are both published.
| Ticker | Name | Slot | EPS est. | Reported | Surprise | Result |
|---|---|---|---|---|---|---|
| AMZN | Amazon.com, Inc. | After close | 2.01 | — | — | — |
| LLY | Eli Lilly and Company | Before open | 5.38 | — | — | — |
| MA | Mastercard Incorporated | Before open | 5.14 | — | — | — |
| INTC | Intel Corporation | After close | 0.28 | — | — | — |
| MRK | Merck & Company, Inc. | Before open | 2.12 | — | — | — |
| CAT | Caterpillar, Inc. | Before open | 7.12 | — | — | — |
| LIN | Linde plc | Before open | 4.52 | — | — | — |
| SNDK | Sandisk Corporation | After close | 46.19 | — | — | — |
| GILD | Gilead Sciences, Inc. | After close | 2.17 | — | — | — |
| BMY | Bristol-Myers Squibb Company | Before open | 1.21 | — | — | — |
| MO | Altria Group | Before open | 1.51 | — | — | — |
| SBUX | Starbucks Corporation | After close | 0.73 | — | — | — |
| SYK | Stryker Corporation | After close | 3.56 | — | — | — |
| TT | Trane Technologies plc | Before open | 4.74 | — | — | — |
| PWR | Quanta Services, Inc. | Before open | 4.68 | — | — | — |
| ICE | Intercontinental Exchange Inc. | Before open | 1.97 | — | — | — |
| MDLZ | Mondelez International, Inc. | After close | 0.72 | — | — | — |
| HWM | Howmet Aerospace Inc. | Before open | 1.37 | — | — | — |
| RSG | Republic Services, Inc. | After close | 1.92 | — | — | — |
| AJG | Arthur J. Gallagher & Co. | After close | 3.01 | — | — | — |
| DLR | Digital Realty Trust, Inc. | After close | 1.97 | — | — | — |
| MSTR | Strategy Inc | After close | 21.50 | — | — | — |
| MPWR | Monolithic Power Systems, Inc. | After close | 6.80 | — | — | — |
| CRH | CRH PLC | Before open | 2.14 | — | — | — |
| LHX | L3Harris Technologies, Inc. | Before open | 2.99 | — | — | — |
| XEL | Xcel Energy Inc. | Before open | 1.39 | — | — | — |
| CARR | Carrier Global Corporation | Before open | 0.81 | — | — | — |
| AMP | AMERIPRISE FINANCIAL SERVICES, LLC | Before open | 11.60 | — | — | — |
| ILMN | Illumina, Inc. | After close | 1.36 | — | — | — |
| COIN | Coinbase Global, Inc. | After close | — | — | — | — |
| ARES | Ares Management Corporation | Before open | 1.25 | — | — | — |
| DHI | D.R. Horton, Inc. | Before open | 3.03 | — | — | — |
| TWLO | Twilio Inc. | After close | 0.74 | — | — | — |
| WEC | WEC Energy Group, Inc. | Before open | 0.98 | — | — | — |
| RMD | ResMed Inc. | After close | 2.67 | — | — | — |
| VMC | Vulcan Materials Company | Before open | 2.83 | — | — | — |
| HSY | Hershey Company (The) | Before open | 2.12 | — | — | — |
| ALNY | Alnylam Pharmaceuticals, Inc. | Before open | 1.46 | — | — | — |
| EME | EMCOR Group, Inc. | Before open | 8.33 | — | — | — |
| CTSH | Cognizant Technology Solutions Corporation | Before open | 1.46 | — | — | — |
| WTW | Willis Towers Watson Public Limited Company | Before open | 3.60 | — | — | — |
| DXCM | DexCom, Inc. | After close | 0.66 | — | — | — |
| IR | Ingersoll Rand Inc. | After close | 0.86 | — | — | — |
| WST | West Pharmaceutical Services, Inc. | Before open | 2.18 | — | — | — |
| RDDT | Reddit, Inc. | After close | 1.31 | — | — | — |
| VLTO | Veralto Corp. | After close | 1.10 | — | — | — |
| INCY | Incyte Corporation | Before open | — | — | — | — |
| EIX | Edison International | After close | 1.83 | — | — | — |
| TROW | T. Rowe Price Group, Inc. | Before open | 2.58 | — | — | — |
| BG | Bunge Global SA | Before open | 2.44 | — | — | — |
| FSLR | First Solar, Inc. | After close | 4.64 | — | — | — |
| LNT | Alliant Energy Corporation | After close | 1.23 | — | — | — |
| FDXF | FedEx Freight Holding Company, Inc. | After close | 1.38 | — | — | — |
| KIM | Kimco Realty Corporation | Before open | 0.46 | — | — | — |
| WY | Weyerhaeuser Company | After close | 0.05 | — | — | — |
| AVY | Avery Dennison Corporation | Before open | 2.30 | — | — | — |
| GDDY | GoDaddy Inc. | After close | 1.82 | — | — | — |
| TXT | Textron Inc. | Before open | 1.43 | — | — | — |
| BAX | Baxter International Inc. | Before open | 0.51 | — | — | — |
| DVA | DaVita Inc. | After close | 3.78 | — | — | — |
| ERIE | Erie Indemnity Company | After close | 3.41 | — | — | — |
| HII | Huntington Ingalls Industries, Inc. | Before open | 4.41 | — | — | — |
| AOS | A.O. Smith Corporation | Before open | 0.90 | — | — | — |
| NCLH | Norwegian Cruise Line Holdings Ltd. | Before open | 0.88 | — | — | — |
Headlines in the session window
- Fed's Warsh on Why He Watches Korea's Economy CloselyBloomberg Markets
- US tech stocks fall after earnings fuel AI spending concernsFinancial Times
- Mirae’s Tiger S&P 500 ETF draws record 5 trillion won from retail investors - Korea JoongAng DailyGoogle News Korea
- Smart Logistics Global Limited Receives Additional 180-Day Nasdaq Compliance PeriodFinancial Post
- U.S. Stocks Fall as Alphabet Slide Weighs on AI OptimismWSJ Markets
- Why Google stock has plunged $500bn in a single daySky News Business
- US stocks slide as Google parent's revenue miss revives AI spending jittersDawn PK
Fed and macro
- Core PCE Price Index Month-over-Month2026-10-29 · High impact
- GDP Growth Quarter-over-Quarter Advance Estimate2026-10-29 · High impact
- Personal Income Month-over-Month2026-10-29 · High impact
- Personal Spending Month-over-Month2026-10-29 · High impact
- Core PCE Price Index Month-over-Month2026-10-29 · High impact
- GDP Growth Quarter-over-Quarter Advance Estimate2026-10-29 · High impact
- Personal Income Month-over-Month2026-10-29 · High impact
- Personal Spending Month-over-Month2026-10-29 · High impact
- Reaching 2% Inflation Will Be Challenging for the Fed, Feroli SaysBloomberg Markets
- Federal Reserve’s preferred measure of inflation rose slightly in SeptemberThe Hill Economy
- Federal Reserve Board announces approval of application by The Bank of Nova ScotiaFederal Reserve
- IMF says Federal Reserve is ‘appropriately’ keeping close eye on data - WKZOGoogle News US
- IMF says Federal Reserve is 'appropriately' keeping close eye on data - StreetInsiderGoogle News US
What to watch
13 universe names on the next earnings calendar (XOM, ABBV, CVX, GD, REGN, CL) · scheduled US macro: Core PCE Price Index Month-over-Month (2026-10-29); GDP Growth Quarter-over-Quarter Advance Estimate (2026-10-29); Personal Income Month-over-Month (2026-10-29).
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