The S&P 500 rose 0.6% on Friday. Elsewhere, the Nasdaq-100 rose 0.5%, the Dow rose 0.9% and the Russell 2000 (small caps) rose 0.5%. The average S&P 500 stock rose 0.6%, in step with the index.
Telecom tower reits stocks rallied together (median +9.3%): Crown Castle +15.6%, American Tower +9.3%, SBA Communications +7.4%. MarketWatch reported “Dow rallies 269 points on gains for shares of Amazon.com Inc., Cisco”1.
Microsoft (+2.4%) added the most, about 0.1 of a percentage point, followed by Amazon (+3.3%), Alphabet (+1.0%). Those three account for about 53% of the index's move. Working the other way: Apple (-1.3%), T-Mobile US (-13.3%), Nvidia (-0.4%).
Breadth: 309 S&P 500 stocks rose and 188 fell; 15 set a 52-week high and 7 a 52-week low.
Torvanta's read: The S&P 500 is in a calm uptrend, above its 200-day average, and the engine's correction-risk gauge reads low. The index trades at 23.5 times trailing earnings; its earnings yield is 0.9 points below the 10-year Treasury.
| Crown Castle (CCI) The biggest one-day gain in at least 10 years of data; down 7% this year; 15% below its 52-week high. Next report: Oct 21. | +15.6% |
| Moderna (MRNA) Next report: Oct 29. | +14.0% |
| Humana (HUM) As Barron's reported “Humana Stock Surges After Key Medicare Advantage Plan Gets Higher Rating”2. The biggest one-day gain since July 30, 2025; up 70% this year; at a 52-week high. Next report: Nov 6. | +11.3% |
| American Tower (AMT) The biggest one-day gain since November 10, 2022; up 7% this year; 4% below its 52-week high. Next report: Oct 22. | +9.3% |
| SBA Communications (SBAC) The biggest one-day gain since April 2, 2026; down 4% this year; 17% below its 52-week high. Next report: Nov 2. | +7.4% |
| T-Mobile US (TMUS) After merger and acquisition news3. The biggest one-day drop in at least 10 years of data; down 25% this year; 34% below its 52-week high. Next report: Oct 21. | -13.3% |
| AT&T (T) After merger and acquisition news3. The biggest one-day drop in at least 10 years of data; down 8% this year; 22% below its 52-week high. Next report: Oct 21. | -10.9% |
| Verizon (VZ) After merger and acquisition news3. The biggest one-day drop in at least 10 years of data; up 8% this year; 19% below its 52-week high. Next report: Oct 20. | -9.8% |
| HP (HPQ) The biggest one-day drop since June 2, 2026; up 41% this year; 15% below its 52-week high. Next report: Nov 23. | -6.9% |
| Charter Communications (CHTR) Down 50% this year; 61% below its 52-week high. Next report: Oct 29. | -5.8% |
| Market | Close | Day | Year to date |
|---|---|---|---|
| S&P 500 (SPY) | 778.6 | +0.6% | +15.1% |
| Nasdaq-100 (QQQ) | 751.3 | +0.5% | +22.7% |
| Dow (DIA) | 516.1 | +0.9% | +8.6% |
| Russell 2000 (small caps) (IWM) | 278.9 | +0.5% | +14.1% |
| Average S&P 500 stock (equal weight) (RSP) | 213.0 | +0.6% | +12.5% |
| 10-year Treasury yield (as of Oct 8) | 5.2% | -6 bp | +104 bp |
| 2-year Treasury yield (as of Oct 8) | 4.8% | -2 bp | +128 bp |
| VIX (expected volatility) (as of Oct 8) | 15.4 | +0.3 | +0.5 |
| Oil (WTI, $ per barrel) (as of Oct 6) | 96.2 | +0.1 | +39.0 |
Indexes are tracked by their exchange-traded funds. Rates, volatility and oil are the latest daily readings from the Federal Reserve Bank of St. Louis (FRED).
| Company | Sector | When |
|---|---|---|
| FedEx (FDX) | Industrials | After the close |
A narrow market: the S&P 500 weights companies by size, so a few giants move it, while the average stock is the plain mean of all 500. Over these three months the 10 largest companies account for about 81% of the index's gain. Biggest contributors: Microsoft, Nvidia, Apple Inc., Palantir Technologies, Amazon.
Subscribers see how the Torvanta model portfolio responds each trading day: every proposed trade, sized and explained, at Conservative, Adaptive and Aggressive risk levels, plus the model's sector ETF view.
See plansResearch only, not investment advice or a recommendation to buy or sell any security. Rankings change as data changes and can be wrong. Torvanta and its founder may hold positions in securities discussed. Past performance does not guarantee future results.