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QQQSPYFedearningsmidterm elections
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Related tickers and likely impact
QQQ
• NeutralInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.40 |
| Change that session | -0.01% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.97 |
| Change that session | -0.52% |
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/23/2026 | 101.74 |
| Change that session | +0.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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The S&P 500 sits about 0.1% below its October 6 record, but the article argues that headline hides steep declines across most stocks. TheTradingTools counted 56% of eligible US stocks more than 20% below their highs on October 12, while Capital Blueprint reported 96% of semiconductor stocks were down more than 20% from June highs, compared with about 4% of banks. Gallup found 62% of Americans owned stock in 2025, but only 28% of those earning under $50,000, so weakness in typical stocks reaches voters unevenly before the November 3 election. TheTradingTools notes that since 2010, 'Hidden Bear' days have been followed by above-average returns, though the site cautions against reading the signal as a crash warning.
- AI Headlines Pile Up as Wall Street Navigates a Volatile Week
Anthropic filed a public S-1 for its IPO, planning a Nasdaq listing under the ticker ANT, with revenue rising from $41 million in 2023 to about $4.6 billion in 2025. Revenue reached $16.3 billion in the first six months of 2026, roughly 14 times the same period last year, while the operating loss narrowed to $693 million from $2.1 billion and gross margins are reportedly near 85%. SpaceX secured about $40 billion in debt financing to buy AI chips, with AI accounting for $7.56 billion of roughly $14.6 billion in quarterly revenue. Musk said on X that debt markets are less willing to lend to businesses without substantial non-AI revenue, and predicted major failures and consolidation among more than 200 neocloud operators. Meta announced a $95 billion equity offering, and roughly 25% of the S&P 500 by market cap reports earnings this week as five major central banks meet, including the Federal Reserve.
- Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Ahead of Big Tech Earnings, Fed Decision
- The Fed + tech, oil earnings = an exciting week for investors
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Latest news
- Bank of Japan is expected to hold rates this week — but stay hawkish: CNBC survey
A CNBC survey of 16 economists and analysts found all expect the Bank of Japan to keep its policy rate at 1.25% at the end of its two-day meeting on Friday. Most expect a rate hike in December or January next year as domestic inflation and wages keep rising, with core inflation excluding fresh foods at 2.1% and inflation-adjusted wages up 1.5% from a year earlier. Some analysts see no clear sign inflation is accelerating enough to justify consecutive hikes, and say the policy board may lack consensus given the fragile domestic bond market. The 10-year JGB yield is expected to reach 3% to 3.1% by year-end, up from 2.809%, while the terminal rate is seen at 1.75% to 2% by around mid-2027.
- "Undercurrent" Strikes NATO: Turkey Blocks Allied Fleet, Exposing What Russia Gains
A Russian outlet, TST, argues that Turkey's control of the Bosphorus and Dardanelles under the 1936 Montreux Convention limits how quickly NATO can bring warships into the Black Sea. Romania is preparing 4 billion euros to upgrade NATO's largest coastal base, but the article says the alliance's Black Sea deployments depend on Ankara's decisions. The US and Eastern European allies want a larger presence, while European capitals worry about direct confrontation with Russia and Turkey does not want permanent foreign naval presence there. According to the article, this limits NATO's ability to reinforce by sea, and Russia also cannot easily send extra ships from other fleets to the Black Sea Fleet.
- SpaceX's Adjusted Earnings Quadrupled in Q3. Is the Stock Heading Back to $200?
SpaceX reported third-quarter revenue of $14.6 billion, more than double the $5.6 billion a year earlier, with its Super Intelligence (SI) segment rising from $813 million to $7.6 billion. Adjusted EBITDA reached $8.8 billion versus $2.2 billion a year ago, and operating profit was $2.8 billion compared with a loss of $273 million. The author notes the stock still has a market cap of $2 trillion and trades at 85 times estimated future profits, so growth may already be priced in. The stock has not reached $200 since its early trading days after the IPO, and the author does not expect Q3 results alone to lift it there without a more significant catalyst.
- TSLA Analyst Ratings Hit Highest Since 2023; ARK Reiterates $4,400 Long-Term Price Target And 80% Robotaxi Thesis
ARK's model assigns roughly 80% of Tesla's 2031 enterprise value to robotaxis. This is supported by Full Self-Driving adoption among North American deliveries, which rose from about 55% in the second quarter to more than 75% in the third.
- Could the Fed surprise with its rate decision this week?
The Fed is expected to hold its policy rate at 3.75-4% at its 27-28/10 meeting, even though September CPI and PPI both rose more than forecast and inflation has made little progress back toward the 2% target. Chair Kevin Warsh gave no signal on 16/10 that would change market expectations, cutting the odds of an October hike to about 15%. Robert Kaplan of Goldman Sachs said doing nothing is the option with the fewest hurdles, while Claudia Sahm argued the Fed has enough reason to act this week. The 10-year Treasury yield, which topped 5.3%, the highest in 24 years, fell 0.19 percentage points to 4.95% on 22/10 as tech stocks were sold off. Fed officials remain divided, with Logan, Hammack and Kashkari having opposed the July decision to hold rates.
- Here's Exactly What Investors Should Look for From the Federal Reserve's October Meeting
The Fed will announce its rate decision at 2 p.m. ET on Wednesday, and the CME FedWatch tool puts a 90% probability on holding the target range at 3.75%-4%. The statement is expected to use language similar to September's, when the Fed raised rates by a quarter point and said inflation remains elevated, while productivity growth is strong. A report on September's consumer spending and personal income, due Thursday, will offer a fresh look at the inflation picture. Markets are pricing in another quarter-point increase in December. The author notes that rate moves tend to be short-lived for high-quality stocks, so investors whose holdings may be vulnerable to rate news may want to review those positions more closely.
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