US Equities · Pre-Open BriefingAlso todaySee the FI Daily

Tech drags as stocks slide

November 2, 2026
The October 30, 2026 cash session, and what is scheduled today

The S&P 500 fell 1.82% to 7,580.07 and the Nasdaq Composite fell 2.86% to 25,437.00, with the Nasdaq-100 down 3.46%.

Breadth226 up / 277 down
LeadershipS&P 500 by 1.64pp
Member coverage100%

Futures now

Ahead of the open, S&P 500 futures are up 0.50%, Nasdaq 100 futures up 0.80%, Dow futures up 0.55% and Russell 2000 futures up 0.74% against their previous settlement. In Asia, the Nikkei 225 is down 0.33%, the Hang Seng up 0.42% and the Shanghai Composite up 1.08%. In Europe, the Euro Stoxx 50 is up 0.28%, the DAX up 0.21% and the FTSE 100 little changed. Across markets, WTI is down 4.58% at 99.35, Gold is up 0.39% at 3,914.10 and EUR/USD is up 0.27% at 1.1213.

MarketLevelChangeAs of
S&P 500 futures7,652.00+38.00 (+0.50%)2026-11-02
Nasdaq 100 futures28,761.25+227.25 (+0.80%)2026-11-02
Dow futures52,205.00+287.00 (+0.55%)2026-11-02
Russell 2000 futures2,842.10+20.80 (+0.74%)2026-11-02

Where the tape closed

S&P 500
7,580.07
-140.32 (-1.82%)
5d -0.57% · 1m -1.13%
Nasdaq Composite
25,437.00
-747.72 (-2.86%)
5d -2.00% · 1m -5.34%
Nasdaq-100
28,384.85
-1,017.66 (-3.46%)
5d -1.98% · 1m -6.94%
VIX
19.42
+2.22 (+12.91%)
5d -0.15% · 1m +18.49%

The Session

Of the 503 S&P 500 members that printed, 226 rose and 277 fell. Energy led the sector table at +1.59% on an equal-weighted basis and Information Technology sat at the bottom at -4.38%. Intel (INTC) fell 28.58% and carried the largest share of the weighted index move. The VIX rose 12.91% to 19.42. 13 universe names reported on the session.

World news

The day ahead

Economic calendar
TimeReleaseImpactConsensusPrevious
10:00 ETISM Manufacturing PMIHigh54.754.5
10:00 ETISM Manufacturing EmploymentMedium—52.7
11:15 ETFed Goolsbee SpeechFedHigh——
Reporting today

No universe name on the reporting calendar for today.

Overnight and across markets

Asia and Europe
MarketLevelChangeAs of
Nikkei 22563,081.86-208.25 (-0.33%)2026-11-02
Hang Seng23,393.32+98.90 (+0.42%)2026-11-02
Shanghai Composite3,638.03+39.01 (+1.08%)2026-11-02
Euro Stoxx 506,148.57+17.26 (+0.28%)2026-11-02
DAX25,871.25+53.04 (+0.21%)2026-11-02
FTSE 10010,735.13+5.33 (+0.05%)2026-11-02
Commodities, currencies and rates
MarketLevelChangeAs of
WTI crude99.35-4.77 (-4.58%)2026-11-02
Gold3,914.10+15.20 (+0.39%)2026-11-02
EUR/USD1.1213+0.0030 (+0.27%)2026-11-02
USD/JPY157.93+0.12 (+0.08%)2026-11-02
US 10-year yield4.94%—2026-10-30

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
INTCSPXNDXIntel-28.58%-125.7 bp
SNDKSPXNDXSandisk-13.47%-39.9 bp
AMDSPXNDXAdvanced Micro Devices-10.88%-32.2 bp
NVDASPXNDXNvidia-4.22%-21.3 bp
MUSPXNDXMicron Technology-5.30%-21.2 bp
RDDTSPXReddit-29.22%-13.2 bp
MRVLSPXNDXMarvell Technology-10.05%-12.5 bp
AVGOSPXNDXBroadcom-5.48%-9.7 bp

Breadth and sectors

Sector moves equal-weighted across members that printed.

SectorAverage member moveMembers
Energy+1.59%21
Consumer Staples+1.38%34
Materials+0.63%24
Utilities+0.39%31
Real Estate+0.27%30
Financials-0.36%76
Consumer Discretionary-0.43%47
Industrials-0.88%83
Health Care-0.98%60
Communication Services-1.50%22
Information Technology-4.38%75

Largest moves

Risers
TickerNameSession
FDXFSPXFedEx Freight+14.91%
REGNSPXNDXRegeneron Pharmaceuticals+13.33%
GPNSPXGlobal Payments+12.97%
GDDYSPXGoDaddy+10.72%
CSGPSPXCoStar Group+7.21%
CBOESPXCboe Global Markets+6.77%
VLTOSPXVeralto+6.77%
TMUSSPXNDXT-Mobile US+6.21%
Fallers
TickerNameSession
RDDTSPXReddit-29.22%
INTCSPXNDXIntel-28.58%
ILMNSPXIllumina, Inc.-18.64%
TWLOSPXTwilio-15.24%
SNDKSPXNDXSandisk-13.47%
DDOGSPXNDXDatadog-11.50%
COHRSPXCoherent Corp.-11.34%
QCOMSPXNDXQualcomm-11.12%

Earnings reported in the session

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

TickerNameSlotEPS est.ReportedSurpriseResult
XOMExxonMobil Holdings CorporationBefore open3.90———
ABBVAbbVie Inc.Before open3.74———
CVXChevron CorporationBefore open4.78———
GDGeneral Dynamics CorporationBefore open4.14———
REGNRegeneron Pharmaceuticals, Inc.Before open13.76———
CLColgate-Palmolive CompanyBefore open0.92———
DDominion Energy, Inc.Before open1.20———
EXCExelon CorporationBefore open0.80———
KVUEKenvue Inc.Before open0.28———
CHDChurch & Dwight Company, Inc.Before open0.90———
LYBLyondellBasell Industries NVBefore open2.73———
CBOECboe Global Markets, Inc.Before open3.43———
FRTFederal Realty Investment TrustBefore open1.85———

Headlines in the session window

Fed and macro

  • Fed Daly Speech2026-10-30 · High impact
  • Fed Daly Speech2026-10-30 · High impact
What to watch

scheduled US macro: Fed Daly Speech (2026-10-30); Fed Daly Speech (2026-10-30).

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