Wall Street closed October 2026 with a rout. On Friday, October 30, the Nasdaq Composite fell 2.86% to 25,437.00, its lowest finish since July 31, while the S&P 500 dropped 1.82% to 7,580.07 and the Dow Jones Industrial Average fell 1.09% to 51,770.31. The Nasdaq-100 fell harder still, down 3.46% to 28,384.85, and the Philadelphia Semiconductor Index plunged 7.20%. It was the market's worst...
Friday, October 30, gave stock investors a reminder that the energy trade in 2026 is not only about the price of crude. It is about what happens to crude after it is pumped. US oil majors ExxonMobil and Chevron both beat analyst expectations for third-quarter profit on Friday, Reuters reported from Houston, as soaring refining margins lifted their fuel-making businesses — normally the...
The AI trade just got its first real cross-examination, and the witnesses did not all help the defence. On Thursday, October 29, US equities ended lower, with the S&P 500 falling 0.30 percent, the Nasdaq declining 1.40 percent and the Dow Jones losing 135 points. The proximate cause was earnings, but the deeper cause was a question investors had been postponing all year: how much cash can...
