Stock market recap for Thursday, October 29, 2026
Alphabet drags the Nasdaq lower
The S&P 500 snapped a three-day winning streak. Amazon and Intel fell after hours on their reports.
How Wall Street closed
| S&P 500 | 7,720.39 | −0.3% |
|---|---|---|
| Nasdaq | 26,184.72 | −1.38% |
| Dow Jones | 52,342.56 | −0.25% |
| SemiconductorsSOX index | 11,518.20 | −1.42% |
| VIXfear index | 17.20 | +1.71% |
Close on Thursday, October 29, 2026.
Alphabet has its worst day ever
Profit and revenue came in below expectations and its search business slowed, even though cloud sales doubled.
Ben · the Mentor
Ben · the MentorServiceNow and Fortinet plunge
Their outlooks disappointed investors. Fortinet fell 20.1% after cutting its full-year service revenue target.
Ben · the Mentor
Ben · the MentorU.S. economic growth speeds up
That beat the 3.1% forecast. PCE inflation rose to 3.6% year over year in September, in line with expectations.
Ben · the Mentor
Ben · the MentorThe day's winners and losers
| Chipotle | +8.88% |
|---|---|
| Eli Lilly | +6.4% |
| DoorDash | +5.61% |
| Caterpillar | −9.25% |
| Marvell | −13.24% |
| Fortinet | −20.09% |
Lilly raised its sales forecast. DoorDash will buy Instacart for about $17 billion. Marvell fell on reports it's in talks to buy Lumentum.
Oil and gold slip
WTI stayed above $100. The 10-year Treasury yield fell below 5%.
| Brent crude | $114.88 | −0.38% |
|---|---|---|
| WTI crude | $102.00 | −0.76% |
| Gold | $4,031.40 | −0.5% |
| U.S. dollarDXY index | 102.04 | −0.15% |
| 10-year Treasuryyield | 4.99% |
Futures, price at Thursday's close.
Bitcoin slides to $77,000
| Bitcoin24-hour change | $77,307 | −3.47% |
|---|---|---|
| Ethereum24-hour change | $2,233 | −3.87% |
Price as of Friday at 8:00 a.m. ET.
Sources: Yahoo Finance, TheStreet, StockTitan, Capp Notes, CoinGecko.
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Educational content from The Trading Path. Not financial advice or a recommendation to buy or sell. Index, bond, commodity and dollar figures at the session close; crypto at the time the recap was prepared.