Daily Market Commentary

Thursday, October 29, 2026

quotes as of Oct 29, 11:41 PM PT · built 11:51 PM PT

52,342.56
-132.54 (-0.25%)
1-month +2.8%
26,184.72
-365.13 (-1.38%)
1-month -2.5%
7,720.39
-23.59 (-0.30%)
1-month +0.9%
2,859.22
+28.71 (+1.01%)
1-month +2.2%
4.989%
-0.056 (-1.11%)
1-month -5.1%
17.20
+0.29 (+1.71%)
1-month +7.2%
101.82
-0.22 (-0.21%)
1-month +0.4%
102.68
+0.68 (+0.67%)
1-month +13.6%
3,998.40
-33.00 (-0.82%)
1-month -4.5%
78,324
-1.91% 24h
USD, CoinGecko
2,242
-2.92% 24h
USD, CoinGecko
$78,324
-1.91%
$2,242
-2.92%
$97.80
-2.08%
$0.892
-1.71%
$4.28
-0.99%
$92.98
+17.96%

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 strea…

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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 billio…

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Earnings & big events

Amazon's double miss is the overnight swing factor for mega-caps: with Alphabet, Meta and now Amazon all showing capex outrunning cash gener…

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Rates & macro

Treasuries rallied despite hot growth data: the 10-year fell 10.6bp to 4.939% and the 2-year fell 13.3bp to 4.602%, though the 10-year remai…

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AI-compute tracker

Nvidia closed down 0.80% at $213.66 (about $5.15T market cap), holding up better than the Nasdaq; no Nvidia-specific catalyst was reported d…

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Economic calendar

Bank of Japan decision (held; inflation forecast raised); euro-area GDP flash; ISM Manufacturing

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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 Decem…

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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

Top movers (Nasdaq)

Gainers

NXPI NXP Semiconductors+5.69%
DASH DoorDash+5.61%
KLAC KLA+5.45%
FER Ferrovial+4.38%
GILD Gilead Sciences+4.03%

Decliners

ALNY Alnylam Pharmaceuticals-25.13%
FTNT Fortinet-20.09%
MRVL Marvell Technology-13.24%
GOOGL Alphabet-12.64%
NBIS Nebius-5.68%

Nasdaq-100 members, Thursday 10/29 regular-session close (Alphabet Class C excluded as duplicate). source

Crypto

Bitcoin (BTC)
$78,324
-1.91% 24h
$78,552, down 1.8% in 24h. Slipped below $80,000 as tech weakness hit risk assets, with about $356M of longs liquidated; Strategy's Michael Saylor called a new bull run after a record quarter. source
Ether (ETH)
$2,242
-2.92% 24h
$2,247.89, down 2.8% in 24h, and down about 18% since early October, underperforming bitcoin. source
Solana (SOL)
$97.80
-2.08% 24h
$98.20, down 1.8% in 24h, back under $100 and about 20% lower since Oct. 5. source
Sui (SUI)
$0.89
-1.71% 24h
$0.897, down 1.7% in 24h; down roughly 29% since early October, among the weakest large caps this month. source
Near (NEAR)
$4.28
-0.99% 24h
$4.31, down 3.5% in 24h, after retreating from its October peak near $6 and testing support around $4.08. source
$92.98
+17.96% 24h
$93.27, up 17.9% in 24h, after ICE (NYSE's owner) signed a deal with Trade[XYZ] to build a regulated U.S. perpetual futures market on Hyperliquid's HIP-3 infrastructure; treasury firm Hyperliquid Strategies (PURR) jumped 23%. source

24h moves from the CoinGecko public API, snapshot about 11:30 PM PT Thu 10/29.