As of OCTOBER 29, 2026(close)
A ~12.5% decline in shares of Alphabet (GOOGL), following a somewhat worrying Q3 earnings report, was the catalyst to drive stocks lower on Thursday after 3 positive sessions to begin the week. Alphabet reported mediocre growth, but meanwhile continues to spend huge capex dollars. Concerns about the ROI on huge AI infrastructure spending were back atop investors’ minds.
GOOGL’s share price tumble, along with declines in most other megacap technology stocks, led the Nasdaq to a -1.38% loss for the day. Microsoft, which reported decent earnings, saw its stock price nearly unchanged. Interestingly, the Russell 2000 and S&P EQUAL-WEIGHT index both had strong trading sessions, as investment capital rotated. The regular S&P 500 index fell -0.3% due to its exposure weight to big tech.
Amazon and Intel were set to report after Thursday close, as investors look to assess whether there are broad signs of a slowdown in the tech space.
On the falling equity markets, U.S. Treasury Yields fell. The 10-year bond yield fell nearly 10bps to 4.94%.
For investors looking for a positive story, shares of Crocs (CROX) jumped 25% on Thursday following a strong Q3 report.
As of OCTOBER 29, 2026(close)
S&P 500 [7,720.39]
1-WEEK return : +0.7%
1-MONTH return : +0.6%
GOLD Spot [4023.3]
1-WEEK return : -0.1%
1-MONTH return : -3.6%
Dollar Indx [101.85]
1-WEEK change : +0.2%
1-MONTH change : +0.4%
NASDAQ [26,184.72]
1-WEEK return : +0.7%
1-MONTH return : -2.3%
U.S. 10 YEAR [4.94%]
1-WEEK change : -3 bps
1-MONTH change : -32 bps
EURO Stx50 [6,207.07]
1-WEEK return : +2.0%
1-MONTH return : -1.8%
NOTE: The above market data is for indicative purposes only. The Investment Editor’s Cut is not responsible for any inaccuracies in the data presented. Furthermore, nothing presented here constitutes investment advice. Individuals are encouraged to evaluate investment opportunities with a professional advisor.
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