Global stock markets are set for a mixed October close, with the Dow Jones and S&P 500 poised to finish higher while the Nasdaq and Asian markets lag amid tech volatility. DIA is up nearly 3% for the month and SPY is set to close about 1% higher, whereas QQQ is poised to end lower as investors question the sustainability of returns on AI infrastructure spending. South Korea's EWY is down more than 11% as of Oct. 29 as a chip-stock selloff weighs, while Samsung Electronics and SK Hynix have fallen about 17% and 20%, respectively, over the past month. The Federal Reserve held rates at 3.75%-4.00%, the Bank of Korea paused hikes after raising rates in July and August, and the Bank of Japan held its benchmark rate at 1.25% while raising its inflation forecast. Amazon reported capital expenditure of $77.3 billion in its latest quarter, and Microsoft lowered its full-year spending forecast to $170 billion from $175 billion.
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SPYQQQsemiconductorsinterest ratesAsia
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 715.33 |
| Change that session | -1.42% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 769.53 |
| Change that session | -0.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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