FinDogFinDog
Friday, October 30, 2026Closing data · 4:00 PM ET
English
Log in

Daily Wrap

Published after every US market close · Markets, news, rates and FX on one pageSubscribe
2026-10-30

Tech selloff deepens as Intel warning drags chip stocks lower

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-1.2%NVDA-4.2%MSFT-1.6%AVGO-5.5%MU-5.3%AMD-10.9%PLTR-6.3%CSCO-3.8%ORCL-6.4%INTC-28.6%AMAT-7.5%PANW-3.9%LRCX-6.0%TXN-3.9%DELL-10.8%CRWD-4.1%IBM-0.2%ANET-8.3%KLAC-5.7%SHOP-5.6%ADI-3.7%APH-3.4%CRM-0.8%QCOM-11.1%MRVLSNDKACNSTXWDCNOW-4.2%GLW-4.3%FTNTADBEINTUCDNSSNPSDDOGMSILITEHPENXPITELMPWRMSTRKEYSADSKWDAYROPCIENGDDYITAKAMZoom into Communication ServicesCommunication ServicesGOOGL-1.4%GOOG-1.4%META-1.5%NFLX+0.1%DIS+0.0%VZ+2.5%TMUS+6.2%TCMCSAAPPLYVTTWONWSSKYDZoom into FinancialsFinancialsBRK.B+0.1%JPM-1.9%V+0.7%MA+0.4%BAC-2.2%MSGSWFCAXPCBLKZoom into IndustrialsIndustrialsSPCX-6.4%Zoom into Health CareHealth CareLLY+3.2%JNJ-0.7%ABBVMRKUNHTMOAMGNGILDABTPFEZoom into Consumer DiscretionaryConsumer DiscretionaryAMZN-1.4%TSLA-0.9%HD+0.1%MCDTJXLOWRCLHLTDASHCVNAGMROSTORLYZoom into Consumer StaplesConsumer StaplesWMT+1.9%COSTKOPGPMPEPZoom into EnergyEnergyXOM+2.2%CVXCOPZoom into UtilitiesUtilitiesZoom into Real EstateReal EstateZoom into MaterialsMaterials
−4% 0 +4%
Market Summary

Market & SentimentA risk-off session: the Nasdaq 100 fell 3.47% versus 1.07% for the Dow, and decliners led advancers 280 to 220. Only 59% of stocks sit above their 50-day average, with 32 new highs against 5 lows. Intel's weak guidance drove the chip complex lower, while energy and staples drew defensive bids.

Sectors & StocksEnergy rose 1.92% and staples 1.47% as investors rotated to defensives, while information technology fell 4.42% and industrials 2.82%. Intel plunged 28.58% on its forecast, dragging Sandisk down 13.47%, Qualcomm 11.12% and AMD 10.88%. Regeneron jumped 13.33% on its Q3 beat, T-Mobile gained 6.21% on a raised outlook, and Accenture added 4.46%.

Rates, FX & CryptoYields eased across the curve, with the 5-year down 7bp to 4.71% and the 2-year 5bp lower at 4.56%, leaving 2s10s at 38bp. The dollar softened, with EUR/USD up 0.38% and USD/CNY down 0.13%. Bitcoin fell 2.12% to about $77,200 after a record Binance hack, and ether lost 1.31%.

Earnings & AnnouncementsRegeneron beat on Dupixent and Eylea HD strength, and T-Mobile raised its 2026 outlook on service growth. Chevron reported $9.9 billion in quarterly earnings on record U.S. refinery throughput. FinDog moved Stryker and Illumina from Bullish to Bearish and Twilio from Bullish to Neutral. Apple reports after the close Monday.

What to Watch Next Trading Day
  • Apple earnings after the close Monday
  • Palantir and ON Semiconductor results
  • Oil reaction to Strait of Hormuz attacks
  • Fed commentary after Musalem's tightening call
Top News
  1. Intel plunges on weak forecast, worst month on record
    Intel's disappointing guidance triggered its steepest stock decline in decades and pulled mega-cap chipmakers lower, weighing heavily on the Nasdaq.
    INTCAMDQCOMYahoo10-30 19:31 UTC
  2. Fed's Musalem says tighter policy needed soon
    St. Louis Fed President Musalem said tighter monetary policy is needed soon, his first comments since the central bank held rates steady this week.
    CNBC10-30 16:30 UTC
  3. Three tankers catch fire in Strait of Hormuz
    Iran's IRGC Navy reported three tankers on fire in the Strait of Hormuz after limpet-mine strikes, heightening oil supply risk and supporting crude prices.
    XOMCVXReuters10-30 13:08 UTC
  4. Oil heads for fourth monthly gain on Hormuz risk
    Crude is set for a fourth straight monthly gain as the Hormuz tanker attacks highlight supply risks, supporting energy shares.
    XOMCVXReuters10-30 02:27 UTC
  5. FBI, Secret Service assist Binance after $6.3 billion hack
    U.S. authorities are working with Binance after a $6.3 billion hack, the largest in crypto history, which weighed on bitcoin and digital-asset sentiment.
    Reuters10-30 11:55 UTC
  6. Apple poised to retake largest market-cap title
    Apple was on pace to reclaim the title of largest U.S. company by market capitalization, dethroning Nvidia amid the chip selloff.
    AAPLNVDAYahoo10-30 18:48 UTC
  7. Nvidia falls on circular AI financing concerns
    Nvidia shares slid as renewed worries about circular financing in the AI buildout added to pressure on semiconductor stocks.
    NVDAYahoo10-30 19:49 UTC
  8. Reddit plunges as Google AI search cuts referrals
    Reddit shares fell sharply after its CEO warned Google's AI-powered search features are reducing referrals, with weak user growth and guidance adding to losses.
    GOOGLYahoo10-30 19:31 UTC
  9. BP beats forecasts with record profit
    BP reported record profit above forecasts and targets early settlement of its Deepwater Horizon bill, a positive read for integrated oil earnings.
    Reuters10-30 14:29 UTC
  10. Walmart faces FTC scrutiny over AI pricing
    Walmart is under FTC scrutiny over AI-era personalized pricing, a regulatory question for large retailers deploying AI in commerce.
    WMTYahoo10-30 19:37 UTC

Stories are selected and summarized by AI from the day's news coverage. Click a headline to read the original. Not investment advice.

Archive10-3010-2910-2810-2710-2610-2310-2210-2110-2010-19