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SPYQQQoil pricesearningsmidterm elections
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Related tickers and likely impact
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 755.71 |
| Change that session | -1.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
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The stock market faces another dangerous crossroads, and technology stocks play a major role in it.
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U.S. stock futures were mixed overnight after SpaceX reported its first quarterly profit since going public in June, with revenue of $14.58 billion versus an estimated $13 billion and EPS of $0.35 against $0.13 expected. Its AI-related revenue reached $7.56 billion, partly helped by the August acquisition of Cursor. Musk downplayed a possible SpaceX–Tesla merger, though Gene Munster put the odds of a merger within two years at 95%. Super Micro Computer rallied about 17% after preliminary results beat expectations, while Netflix fell nearly 5% on a weak forecast. Oil rose, with Brent at $110.24 a barrel, as tensions with Iran over the Strait of Hormuz persisted.
- US stocks rise after companies deliver strong profits and oil prices retreat
US stocks rose Tuesday, with the S&P 500 up 0.3% and the Dow up 479 points (0.9%), helped by strong quarterly results from Equifax (+11.3%), Hasbro (+10.6%) and 3M (+5.1%). Brent fell 0.7% to $108.79 after nearing its highest level since the Iran war began, lifting airlines such as American Airlines (+4.2%) and United Airlines (+2.4%). Braze soared 51.3% to $45.46 after Salesforce agreed to buy it for $47.50 per share in cash. General Motors fell 7.2% despite a bigger-than-expected profit, as the midpoint of its 2026 profit forecast fell short of expectations, though it announced a buyback of up to $20 billion. AI stocks remained volatile, with CoreWeave swinging between gains and losses and South Korean AI company Elice dropping 32% on its Seoul debut, which pushed the Kospi down 3.7%, while European indexes pared their losses, with the CAC 40 down 0.4% and the FTSE 100 down 0.3%.
- Most US stocks rise following strong profit reports from Equifax , Hasbro and other big companies
Most U.S. stocks rose Tuesday after strong profit reports from Equifax, Hasbro and other companies, while Brent crude eased to $108.79 a barrel. The S&P 500 gained 0.3% to 7,712.57, and the Dow rose 529 points (1%), while the Nasdaq slipped less than 0.1% amid swings in AI stocks. Equifax jumped 11.3% and Hasbro 11.2%, while Braze soared 51.7% after Salesforce agreed to buy it for $47.50 cash per share. General Motors fell 6.8% despite a bigger-than-expected profit, as its forecast midpoint for full-year 2026 profit fell short of analyst expectations. CoreWeave swung sharply after last week's roughly 25% drop, and South Korea's Kospi fell 3.7% as AI firm Elice lost 32% on its first day of trading in Seoul.
- US stocks rise after companies deliver strong profits and oil prices retreat
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Latest news
- Marvell to buy Lumentum in all-stock deal, a massive bet on AI connectivity
Marvell said it will acquire optical component maker Lumentum in an all-stock, fixed-ratio deal with an implied enterprise value of $115 billion, aiming to meet growing connectivity demand from AI infrastructure. Each Lumentum share will be exchanged for 4.5 Marvell shares, so the deal's value will move with Marvell's share price, and it is expected to close in the first half of 2028. Chairman and CEO Matt Murphy said AI infrastructure is shifting toward optical connectivity, and the acquisition lets Marvell combine electrical and optical technologies. The move follows Marvell's multibillion-dollar purchase of Celestial AI earlier this year, and comes as its market value has more than tripled over three years. Lumentum's stock has more than doubled in 2026, while Marvell shares fell 3% and Lumentum about 4% before the bell.
- Ho Chi Minh City urges businesses to announce 2027 Tết bonuses in November
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- NYT: President Putin thwarts Western attempts to isolate Russia
The New York Times says Russian President Vladimir Putin is defeating Western efforts to isolate him through a rapid series of diplomatic engagements in the Russian capital last week, according to Moscow bureau chief Paul Sonne. The article cites a call with Finnish President Alexander Stubb and Norwegian Prime Minister Jonas Gahr Store, visits by African leaders to Russia, and engagement with the US government as evidence. It contrasts this with weakening US–Ukraine relations, highlighting Ukraine's vulnerability ahead of what is expected to be the worst winter of the war, nearly five years into the conflict. Foreign Minister Sergey Lavrov says the West promotes the idea of “international isolation”, but Russia continues to take an active part in international forums and expand its foreign relations.
- The Midterms Are Tomorrow. Here's What History Says Defense Stocks Do in the 6 Months After a Midterm -- and the 2 I'd Buy First
The 2026 midterm elections are tomorrow, and polls and prediction markets suggest Democrats could control both the House and Senate from January 2027. The author notes that defense stocks under Democrat-controlled Congresses have historically not been as dire as the sector's recent price moves imply, though the iShares U.S. Aerospace & Defense ETF (ITA) is 18.4% below its 52-week high. During the period when Democrats held the House, Senate and presidency from 2021 through 2022, ITA gained 22.1%. Program-specific contractors could be vulnerable if spending on items such as the Golden Dome, fighter jets or tanks is delayed, while GE Aerospace and RTX have some buffer from their commercial aerospace exposure. The author argues that selling stocks based on election results is a major mistake, noting that large defense backlogs tied to readiness, rearmament and replenishment are bipartisan.
- Marvell Could Be Making a $115 Billion Mistake With Lumentum Purchase
Marvell stock fell on Monday after the company agreed to acquire Lumentum at a value of $115 billion. The article provides no further details on the deal.
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In the Loop host Ejaaz Ahamadeen argues that AI is undermining the traditional search business as people increasingly ask AI chatbots instead of searching on Google. AI tools lack Google-style search ad revenue and belong to firms such as Anthropic and OpenAI, which affects companies beyond the AI sector. Reddit reported record earnings, yet its shares fell around 26% in early trading because search ad revenue drove less traffic to its site. Reddit is also starting to require account login to access content, fearing AI will replace it as AI models are trained on its data without payment.
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