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Friday, October 30, 2026Closing data · 4:00 PM ET
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Daily Wrap

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2026-09-04

Chip stocks rally as Nasdaq 100 edges higher, Dow lags

Stock Heatmap
Size = market cap (square-root scaled within sectors) · Color = day's change · Click a sector name to zoom, a tile to open the stock
Zoom into Information TechnologyInformation TechnologyAAPL-2.5%NVDA+0.8%MSFT-2.0%AVGO+0.2%MU+6.1%AMD+4.7%PLTR-4.5%CSCO+0.5%ORCL+3.1%INTC+4.5%AMAT+4.3%PANW+0.4%LRCX+5.1%TXN+1.8%DELL+1.5%CRWD-0.9%IBM+0.1%ANET+1.2%KLAC+7.3%SHOP-0.5%ADI+1.6%APH+0.9%CRM-2.0%QCOM+0.1%MRVLSNDKACNSTXWDCNOW-3.0%GLW+5.7%FTNTADBEINTUCDNSSNPSDDOGMSILITEHPENXPITELMPWRMSTRKEYSADSKWDAYROPCIENGDDYITAKAMZoom into Communication ServicesCommunication ServicesGOOGL-1.2%GOOG-1.1%META+1.0%NFLX-5.3%DIS-1.7%VZ-0.9%TMUS-3.5%TCMCSAAPPLYVTTWONWSSKYDZoom into FinancialsFinancialsBRK.B-0.4%JPM-0.9%V-1.0%MA-1.1%BAC-0.6%MSGSWFCAXPCBLKZoom into IndustrialsIndustrialsSPCX-1.2%Zoom into Health CareHealth CareLLY-0.9%JNJ-1.1%ABBVMRKUNHTMOAMGNGILDABTPFEZoom into Consumer DiscretionaryConsumer DiscretionaryAMZN-0.1%TSLA-5.9%HD+0.9%MCDTJXLOWRCLHLTDASHCVNAGMROSTORLYZoom into Consumer StaplesConsumer StaplesWMT-1.2%COSTKOPGPMPEPZoom into EnergyEnergyXOM-1.7%CVXCOPZoom into UtilitiesUtilitiesZoom into Real EstateReal EstateZoom into MaterialsMaterials
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Market Summary

Market & SentimentA split session: the Nasdaq 100 rose 0.18% while the S&P 500 fell 0.39% and the Dow lost 0.53%. Breadth was soft, with 320 decliners against 171 advancers and only 47.1% of stocks above their 50-day average. New highs barely outpaced lows at 8 to 6, keeping the temperature neutral.

Sectors & StocksSemiconductors and storage led: Sandisk jumped 11.9%, KLA 7.3%, Marvell 7.1%, Seagate 6.3% and Micron 6.1%. Laggards were software and consumer names, with Adobe down 6.7%, Tesla 5.9%, Synopsys 5.4%, Netflix 5.4% and DoorDash 4.6%. The divergence shows money rotating into hardware while high-multiple platforms sold off.

Rates, FX & CryptoTreasury yields were little changed, with the 2-year up 3bp to 4.37% and the 10-year up 1bp to 4.78%, leaving the 2s10s spread at 41bp. The 30-year slipped 1bp to 5.24%. The dollar was mixed: USD/CNY fell 0.12% (yuan stronger), EUR/USD rose 0.06% and USD/SGD slipped 0.07%.

Earnings & AnnouncementsFlex agreed to acquire EPC Power for $4.4 billion. Amphenol completed a 2-for-1 split and set its quarterly dividend at $0.125 per share. News Corp disclosed progress on its $1 billion buyback. Management changes: DTE Energy director David A. Thomas will retire, Monster Beverage named Burroughs as chief accounting officer, and Seagate director Shankar Arumugavelu will not stand for re-election. No FinDog view changes today.

What to Watch Next Trading Day
  • Semiconductor momentum versus software weakness
  • Breadth and 50-day average participation
  • Treasury yields and dollar direction
  • Any new M&A or buyback announcements
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