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Daily Market Brief · Market · 2026-10-16

Market brief, Friday October 16: futures little changed

As of 9:40 AM ET Friday, S&P 500 and Dow futures are little changed, Nasdaq-100 futures are lower and Russell 2000 futures are slightly lower. Reporting today: Travelers Companies (before the open), Schlumberger (before the open), Truist Financial (before the open), M&T Bank (before the open) and Citizens Financial (before the open). Yesterday's session: Stocks fell early yesterday but recovered to close higher. The S&P 500 rose 0.3%, the Nasdaq-100 lost 0.1%, the Dow gained 1.1% and the Russell 2000 rose 1.4%. That leaves the S&P 500 down 0.9% this week and up 14.1% for the year. Gains were broad - 379 of 501 S&P 500 stocks rose. Health care (+1.9%) and materials (+1.8%) led, while energy (-1.6%) and technology (-0.7%) lagged. In the latest readings, the 10-year Treasury yield is 5.2%, the VIX is at 16.9 (+1.6) and oil is $101.9 a barrel. Macro headlines centered on inflation and the Fed.

What moved yesterday and why

Equifax (EFX)
The biggest one-day gain since April 22, 2025; down 25% this year; 30% below its 52-week high. Next report: Oct 20.
+7.2%
Reddit (RDDT)
Down 31% this year; 38% below its 52-week high. Next report: Oct 28.
+7.2%
Fair Isaac (FICO)
Down 54% this year; 58% below its 52-week high. Next report: Nov 3.
+7.0%
International Paper (IP)
As Bloomberg reported “International Paper Jumps on Potential Multibillion-Dollar Bids | Closing Bell”1. Down 10% this year; 28% below its 52-week high. Next report: Oct 28.
+6.9%
AppLovin (APP)
Down 59% this year; 62% below its 52-week high. Next report: Nov 3.
+6.5%
Hewlett Packard Enterprise (HPE)
As Yahoo Finance reported “Dell Falls 8%, Hewlett Packard Enterprise Drops 4% as Barclays Cuts Both to Hold; Super Micro…”2. Up 147% this year; 20% below its 52-week high.
-7.1%
Dell Technologies (DELL)
After an analyst downgrade3. Up 280% this year; 20% below its 52-week high. Next report: Nov 23.
-6.8%
Everpure (P)
Up 99% this year; 15% below its 52-week high. Next report: Nov 18.
-5.7%
Arista Networks (ANET)
Up 42% this year; 14% below its 52-week high. Next report: Nov 2.
-5.0%
Williams Companies (WMB)
The biggest one-day drop since October 23, 2025; up 18% this year; 12% below its 52-week high. Next report: Nov 2.
-4.9%

Before the bell

Direction of the stock-index futures versus their last settlement, early this morning (words only).

MarketDirection
S&P 500 futuresLittle changed
Nasdaq-100 futuresLower
Dow futuresLittle changed
Russell 2000 futuresSlightly lower

Yesterday's close

MarketMove / level
S&P 500+0.3%
Nasdaq-100-0.1%
Dow+1.1%
Russell 2000+1.4%
10-yr5.2%
VIX16.9
Oil$101.9
Three months: the S&P 500 against its average stock
+0%+2%+4%S&P 500 +4%Avg stock +1%Jul 17Oct 15

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 68% of the index's gain. Biggest contributors: Microsoft, Nvidia, Meta Platforms, Palantir Technologies, Apple Inc..

Yesterday by sector (median stock)
Cons. Discretionary+3.5%Health Care+2.3%Comm. Services+2.2%Financials+1.8%Cons. Staples+1.5%Materials+1.4%Real Estate+1.3%Industrials+1.3%Utilities-0.2%Info. Technology-0.2%Energy-1.3%

Headlines that mattered

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