Daily Market Commentary

Thursday, October 29, 2026

quotes as of Oct 29, 5:03 PM PT · built 5:13 PM PT

SentiSense Market Mood

as of Oct 29, 2026 · 0 = extreme fear, 100 = extreme greed · weekly change in points
Market Mood score
35/100
Anxiety
▲ +7.3 pts this week
Extreme fearNeutralExtreme greed
Social Sentiment
53
wk 0.0
Market Direction
31
wk +16.7
Risk Appetite
84
wk +32.9
Social Momentum
4
wk −2.2
S&P 500 Trend
8
wk +6.7
Options Flow
5
wk −21.5

Sector scores (11 sectors, strongest to weakest)

Real Estate
61+10.3
Optimism
Utilities
54+3.4
Neutral
Materials
52+11.1
Neutral
Industrials
50+10.3
Neutral
Cons. Discretionary
47+4.4
Neutral
Financials
47+3.5
Neutral
Cons. Staples
46−1.3
Neutral
Energy
42+4.3
Anxiety
Technology
37+12.5
Anxiety
Health Care
35+6.0
Anxiety
Comm. Services
31+3.5
Anxiety

Leaders, laggards and divergences

Strongest sectors

  • Real Estate61 · +10.3
  • Utilities54 · +3.4
  • Materials52 · +11.1

Weakest sectors

  • Comm. Services31 · +3.5
  • Health Care35 · +6.0
  • Technology37 · +12.5

Divergences

  • Crowd vs price: Social Sentiment reads 53 while Market Direction (31) and S&P 500 Trend (8) are deeply weak, so chatter is calmer than price action.
  • Options Flow moved −21.5 on the week while the composite moved +7.3, so that signal is going against the broad tone.
  • Sector spread: Real Estate 61, Utilities 54, Materials 52 lead, while Comm. Services 31, Health Care 35, Technology 37 sit weakest, a gap of 30 points.
Source: SentiSense market-mood reading (cached nightly). Sentiment data, not a recommendation.
S&P 500
7,720.39
-23.59 (-0.30%)
1-month +0.9%
Nasdaq
26,184.72
-365.12 (-1.38%)
1-month -2.5%
Dow
52,342.56
-132.54 (-0.25%)
1-month +2.8%
Russell 2000
2,859.22
+28.71 (+1.01%)
1-month +2.2%
10-yr yield
4.989%
-0.056 (-1.11%)
1-month -5.1%
VIX
17.20
+0.29 (+1.71%)
1-month +7.2%
Dollar (DXY)
101.88
-0.31 (-0.30%)
1-month +0.5%
WTI oil
102.83
+0.05 (+0.05%)
1-month +15.0%
Gold
4,018.70
-32.90 (-0.81%)
1-month -3.9%
Bitcoin
77,771
-4.29% 24h
USD, CoinGecko
Ether
2,244
-4.79% 24h
USD, CoinGecko

What moved markets

  • Stocks slipped as Alphabet's results revived worries about AI spending. The S&P 500 fell 0.30% to 7,720.39, ending a three-day winning streak, the Nasdaq Composite lost 1.38% to 26,184.72 and the Dow fell 132.54 points (0.25%) to 52,342.56. source
  • Alphabet fell about 12.6%, a historic one-day drop, after its report showed negative free cash flow and a search revenue miss. The selloff spread to chips and software: ServiceNow fell 27%, Fortinet 20% and Marvell 13%, while Caterpillar lost 9% on a forecast that disappointed. 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
  • The economy grew at a 3.4% annual pace in the third quarter, faster than the roughly 3.1% to 3.2% expected and up from 2.2% in the second quarter. September PCE inflation rose 0.5% on the month to 3.6% a year, and core PCE rose 0.3% to 3.1%, both in line with forecasts. source
  • Treasuries rallied on safe-haven buying despite the hot growth data: the 10-year yield fell 10.6 basis points to 4.939% and the 2-year fell 13.3 basis points to 4.602%. Oil eased on reports of renewed Iran peace efforts, with WTI settling at $102.00 and Brent at $114.88. source
  • Crypto spot: bitcoin slipped below $80,000 as tech weakness hit risk assets, with about $356 million of long positions liquidated, and was near $77,800 Thursday evening (down about 4% in 24 hours). Solana fell about 7%, Sui about 8% and Near about 15%, while Hyperliquid's token bucked the trend, up about 11%. Strategy's Michael Saylor said a new bitcoin bull run is beginning after the company's record quarter; skeptics note his firm is the largest corporate holder of bitcoin. source

After hours & earnings

  • 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
  • Weak guidance hit several growth names: Reddit fell 18%, Roblox 17%, Twilio 17%, Stryker 12% on a full-year guidance cut, and Pinterest 8% after missing on both lines. source
  • Rivian gained about 5% after beating third-quarter expectations as its R2 SUV ramped, Sandisk slipped about 3% despite a beat and an eight-for-one stock split, and Starbucks dipped about 2% on mixed results. source

Sector performance

Technology+0.80%Financials+0.45%Energy+0.35%Industrials+0.34%Health care+0.30%Materials+0.15%Cons. discretionary-0.10%Cons. staples-0.36%Communication-0.42%REITs / property-0.73%Utilities-0.84%

SPDR sector ETFs, day change at close.

Top movers (S&P 500)

Gainers

GEN Gen Digital+15.81%
CVNA Carvana+15.68%
NCLH Norwegian Cruise Line+13.45%
HII Huntington Ingalls Industries+13.23%
BLDR Builders FirstSource+12.85%

Decliners

NOW ServiceNow-26.95%
FTNT Fortinet-20.09%
MRVL Marvell Technology-13.24%
GOOGL Alphabet-12.64%
HONA Honeywell Aerospace-9.60%

Thursday 10/29 regular session (S&P 500 members, closing prices). source

Economic calendar

Fri 10/30Bank of Japan decision; euro-area GDP flash
Mon 11/2ISM Manufacturing
Tue 11/3JOLTS job openings
Wed 11/4ISM Services
Fri 11/68:30a ETOctober jobs report

source

Earnings next week

Fri 10/30ExxonMobil, Chevron, AbbVie, AstraZeneca, Regeneron (am)

am = before open, pm = after close. source

Global & overnight

  • Europe rallied: the STOXX 600 rose 0.77% to 649.11, its highest since Sept. 8, after the ECB held its key rate at 2.5% and hinted at a December hike. ECB President Christine Lagarde confirmed she will step down early in February. Shell hit a record high on its best quarterly profit since 2022, and Germany's DAX gained 1.31% to 26,039.68. source
  • Japan's Nikkei 225 rose 1.10% to 64,659.47 for a third straight gain, lifted by Advantest's raised outlook, and the TOPIX added 0.29%. source
  • South Korea's KOSPI fell 1.24% to 5,937.66 as Samsung Electronics dropped 4.13% despite record quarterly operating profit, after it gave no new detail on shareholder returns. source

Top companies by SentiSense strength

#CompanyRatingSentiment trend (7-day change)Smart-money flagsWhy
1MU Micron TechnologyA 98.6Rising (+12.0)none in free previewRating A (98.6, top 1.4%); Score 36 (7d) vs 24 (30d); 92% analyst buy, target upside +67%
2CDNS Cadence Design SystemsA 98.3Rising (+9.2)none in free previewRating A (98.3, top 1.7%); Score 32 (7d) vs 23 (30d); 92% analyst buy, target upside +20%
3APH AmphenolA 99.0Rising (+9.3)none in free previewRating A (99.0, top 0.1%); Score 28 (7d) vs 19 (30d); 89% analyst buy, target upside +28%
4TXN Texas InstrumentsA 98.4Rising (+8.5)Analyst net upgrades 30dRating A (98.4, top 1.6%); Score 28 (7d) vs 20 (30d); 57% analyst buy, target upside +8%
5SPGI S&P GlobalA 98.4Rising (+13.6)none in free previewRating A (98.4, top 1.6%); Score 22 (7d) vs 9 (30d); 96% analyst buy, target upside +14%
6ADI Analog DevicesA 99.7Rising (+9.3)none in free previewRating A (99.7, top 0.3%); Score 19 (7d) vs 9 (30d); 88% analyst buy, target upside +9%
7DVN Devon EnergyA 100.0Rising (+5.2)none in free previewRating A (100.0, top 0.0%); Score 16 (7d) vs 11 (30d); 100% analyst buy, target upside +21%
8CRM SalesforceA 98.2Falling (-6.5)Analyst net upgrades 30dRating A (98.2, top 1.8%); Score 23 (7d) vs 30 (30d); 71% analyst buy, target upside +24%
9LNG Cheniere EnergyA 97.6Rising (+10.5)none in free previewRating A (97.6, top 2.4%); Score 16 (7d) vs 6 (30d); 91% analyst buy, target upside -1%
10ECL EcolabA 97.7Rising (+5.7)none in free previewRating A (97.7, top 2.3%); Score 16 (7d) vs 10 (30d); 88% analyst buy, target upside +9%

How it is ranked: Composite = 0.55 x Rating score + 0.25 x SentiSense Score level (avg of 7d & 30d, scaled -10..40 to 0..100) + 0.10 x Score trend (7d minus 30d avg, scaled -10..+10) + 0.10 x analyst buy ratio, +/-3 per smart-money flag (insider cluster, congress, analyst upgrades/momentum). Candidates: top 15 by Rating A/B (of 276 matched). Smart-money feeds are free-key preview slices (cluster-buys 4, politicians 5 of 686, analyst upgrades 50 of 217); absence of a flag is not evidence of absence. AI insight headlines skipped (per-ticker calls over budget).

Educational context only, not buy advice. Source: SentiSense, market-wide screen.