Daily Market Commentary

Saturday, October 31, 2026

quotes as of Oct 30, 2:15 PM PT · built 5:15 PM PT

Dow
51,770.31
-572.25 (-1.09%)
1-month +1.7%
Nasdaq
25,437.00
-747.72 (-2.86%)
1-month -5.3%
S&P 500
7,580.07
-140.32 (-1.82%)
1-month -0.9%
Russell 2000
2,811.84
-47.38 (-1.66%)
1-month +0.5%
10-yr yield
4.929%
-0.060 (-1.20%)
1-month -6.9%
VIX
19.42
+2.22 (+12.91%)
1-month +18.8%
Dollar (DXY)
101.88
-0.16 (-0.16%)
1-month +0.4%
WTI oil
104.12
+2.12 (+2.08%)
1-month +15.2%
Gold
3,898.90
-132.50 (-3.29%)
1-month -6.9%
Bitcoin
77,459
+0.29% 24h
USD, CoinGecko
Ether
2,254
+0.45% 24h
USD, CoinGecko
Bitcoin · BTC
$77,459
+0.29%
Ether · ETH
$2,254
+0.45%
Solana · SOL
$95.39
-0.91%
Sui · SUI
$0.900
-0.81%
Near · NEAR
$4.42
+2.75%
Hyperliquid · HYPE
$87.86
-1.76%

What moved markets

  • Weekend edition: U.S. markets are closed until futures reopen Sunday evening. Friday's tech selloff left the S…
  • October scorecard: the Nasdaq lost about 5.3% for its worst month since March 2025 and closed 7.8% below its O…
  • Week in AI: the chip group rallied about 9% in the first three sessions on Anthropic's IPO filing and SK Hynix…
  • Oil ended October at six-month highs: December Brent settled at $117.64 and WTI at $104.12 Friday after a limp…
  • Intel fell 28.58% to $65.76, on pace for its worst day since 1974, after guiding fourth-quarter revenue to $15…
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After hours & earnings

  • Weekend: no U.S. trading Saturday or Sunday; stock futures reopen Sunday evening, and the first big after-hour…
  • No major companies reported after Friday's close; the next big catalysts are Apple and Palantir after Monday's…
  • Morning recap of Thursday's late reports: Intel sank about 23% premarket and Amazon nearly 6% before recoverin…
  • Crypto-linked stocks (Coinbase, Robinhood) fell over 4% premarket after Binance said about $6.3 billion of ass…
  • Intel's finance chief said the PC slowdown should last at least through the first half of next year, with PC c…
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Global & overnight

  • Europe slipped at the end of its best month since June: the STOXX 600 fell 0.36% to 646.75 and Germany's DAX l…
  • Japan's Nikkei 225 fell 2.12% to 63,290.11 as the chip selloff snapped Tokyo's run, and the Bank of Japan held…
  • South Korea's KOSPI dropped 3.48% on chip weakness, while Hong Kong's Hang Seng bucked the trend with a 1.46% …
  • Chip-linked Asia led the risk-off handoff into the U.S. session: Tokyo and Seoul sold semiconductors hard whil…
  • European banks and autos stayed soft into month-end as the STOXX 600 gave back part of October's rally; the eu…
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Rates & macro

  • Treasuries held their rally on the tech selloff: the 10-year fell more than 4 basis points to about 4.94% and …
  • Fed path: the Fed held Wednesday and upgraded the economy to 'strong'; Chair Kevin Warsh talked tough on infla…
  • Inflation backdrop: September PCE rose 0.5% on the month and 3.6% from a year ago, its biggest monthly gain si…
  • Dollar: the DXY eased about 0.2 to roughly 102.1 as yields fell; Bloomberg argues high rates and AI-related sp…
  • Gold hit a one-year low as the selloff spread and higher-for-longer rate expectations weighed on non-yielding …
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AI-compute tracker

  • Week in review: the iShares Semiconductor ETF fell 2.4% for the week after a 9.1% drop Friday erased a three-d…
  • Nvidia closed down 4.22% at $204.64, giving back more than the prior day's slip as Intel's cash-burn warning s…
  • The Philadelphia Semiconductor Index sank about 9% and the iShares Semiconductor ETF about 10%; AMD, Marvell a…
  • TSMC fell about 1.8% to 1.9% in Asian trading, while Asian chip suppliers still reported strong AI demand.
  • Hyperscaler capex: Amazon kept about $220 billion for 2026 and signaled another increase next year after a sha…
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Economic calendar

  • Mon 11/2 10:00a ET: ISM Manufacturing
  • Tue 11/3 10:00a ET: JOLTS job openings; U.S. midterm election day
  • Wed 11/4 : ADP employment; ISM Services
  • Thu 11/5 8:30a ET: Weekly jobless claims; productivity
  • Earnings: Mon 11/2 Apple, Palantir, Vertex (pm); Tue 11/3 Pfizer, Shopify, Keurig Dr Pepper (am); AMD, Amgen, …
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Earnings & big events

  • Sunday 11/1: Binance aims to reopen withdrawals after saying Saturday it has restored backing for about 90% of…
  • Monday 11/2: Apple and Palantir report after the close; Apple is up 28% this year and nearing Nvidia's market …
  • Tuesday 11/3: U.S. midterm elections, with prediction markets giving Democrats a shot at both chambers; analys…
  • Friday 11/6: October jobs report, with consensus near 55,000 payrolls and 4.2% unemployment after September's …
  • Technical watch: BTIG's Jonathan Krinsky expects the S&P 500 to test its 200-day moving average near 7,306; 13…
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Top movers (S&P 500)

Gainers

FDXF FedEx Freight+14.91%
REGN Regeneron Pharmaceuticals+13.33%
GPN Global Payments+12.97%
GDDY GoDaddy+10.72%
CSGP CoStar+7.21%

Decliners

RDDT Reddit-29.22%
INTC Intel-28.58%
SNDK Sandisk-13.47%
DDOG Datadog-11.50%
COHR Coherent-11.34%

Friday 10/30 regular session (S&P 500 members, closing prices; no trading on the weekend). source

Top movers (Nasdaq)

Gainers

REGN Regeneron Pharmaceuticals+13.33%
TMUS T-Mobile US+6.21%
CMCSA Comcast+4.27%
MDLZ Mondelez International+3.85%
ROP Roper Technologies+3.77%

Decliners

INTC Intel-28.58%
DDOG Datadog-11.50%
QCOM Qualcomm-11.12%
AMD Advanced Micro Devices-10.88%
MRVL Marvell Technology-10.05%

Nasdaq-100 members that also sit in the S&P 500, Friday 10/30 closing prices (no weekend trading); Nasdaq-only names are not ranked here. source

Crypto

Bitcoin (BTC)
$77,459
+0.29% 24h
$77,459, up 0.3% in 24h, steady above Thursday night's low near $76,400. Binance says all customer Bitcoin balances are now fully backed after the hack. source
Ether (ETH)
$2,254
+0.45% 24h
$2,254, up 0.5% in 24h; Binance lists Ether among the ten assets it says are 100% backed again. source
Solana (SOL)
$95.39
-0.91% 24h
$95.39, down 0.9% in 24h; Solana is also on Binance's fully-backed list, with a zero-knowledge reserves proof due around Tuesday. source
Sui (SUI)
$0.90
-0.81% 24h
$0.900, down 0.8% in 24h, holding most of Friday's 8% rebound; no specific catalyst reported. source
Near (NEAR)
$4.42
+2.75% 24h
$4.42, up 2.7% in 24h, extending Friday's bounce; no specific catalyst reported. source
Hyperliquid (HYPE)
$87.86
-1.76% 24h
$87.86, down 1.8% in 24h, cooling after Thursday's 15% surge to the No. 7 coin by market value. source

Prices and 24h moves from the CoinGecko public API, snapshot about 5:14 PM PT Sat 10/31. No coin moved 5% or more today.