Back to Rob's Market Commentary
US Dollar (DXY)
Symbol DX-Y.NYB
Open live chart / page
From today's commentary
- The Alphabet hit was about cash, not just search: operating cash flow of $42.3 billion against $51.4 billion of capex left free cash flow at negative $9.1 billion for the quarter, and the stock erased roughly $500 billion of market value on the day. source
- Under the surface the typical stock rallied: 406 of 501 S&P 500 tickers rose and the median stock gained 1.47%, while the cap-weighted index fell because of its largest names. Consumer cyclicals led (median +2.76%) and technology lagged. Eight of 11 sectors finished higher, led by health care (+2.5%) and real estate (+2.25%), while communication services fell 6.6%. source
- Amazon slid about 6% to 7% after third-quarter results missed on both lines: EPS of $1.89 versus $1.96 expected on revenue of $201.94 billion versus $202.31 billion. It reaffirmed full-year capital spending of about $220 billion. source
- Intel tumbled about 21% to 23% as its current-quarter outlook of $15 billion to $16 billion in revenue and 25 cents of adjusted EPS fell well short of the $17.1 billion and 43 cents analysts expected, overshadowing a third-quarter beat. source
- Amazon context: it reported just over $53 billion of quarterly cash capex and keeps about $220 billion planned for 2026; analysts had expected a roughly $9.9 billion free-cash-flow outflow this quarter, and StreetAccount sees 2027 capex above $280 billion. source
- Nvidia after the bell: reports covered Jensen Huang's comments on a Singapore customer under U.S. investigation and Justice Department questions about its Hugging Face deal. source
Research only, not financial advice. Built Oct 29 11:51 PM PT.