The S&P 500 rose 0.7% on Monday. Elsewhere, the Nasdaq-100 rose 1.1%, the Dow rose 0.3% and the Russell 2000 (small caps) rose 0.4%. The average S&P 500 stock rose 0.3%, in step with the index.
Chip stocks rallied together (median +2.6%): Texas Instruments +4.7%, NXP Semiconductors +4.6%, Intel +4.4%, Analog Devices +4.3%, Micron Technology +3.2%, Advanced Micro Devices +2.9%.
Nvidia (+2.5%) added the most, about 0.2 of a percentage point, followed by Tesla (+5.1%), Microsoft (+1.5%). Those three account for about 53% of the index's move. Working the other way: Apple (-1.1%), Alphabet (-1.0%), Meta Platforms (-1.9%).
Breadth: 294 S&P 500 stocks rose and 208 fell; 14 set a 52-week high and 6 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 24.3 times trailing earnings; its earnings yield is 0.9 points below the 10-year Treasury.
The company cut its own outlook. What changed?
Sources: earnings release (8-K, 2026-07-28) · 10-Q (2026-07-29)
Revenue grew 54% from a year earlier and the company made money, yet the stock fell 17% around its results. What do the filings show that the headline didn't?
Sources: earnings release (8-K, 2026-10-22) · 10-Q (2026-10-22)
| Lumentum (LITE) After a product launch1. Up 122% this year; 28% below its 52-week high. Next report: Nov 2. | +8.2% |
| Comfort Systems USA (FIX) Up 33% this year; 40% below its 52-week high. | +7.1% |
| Everpure (P) Up 96% this year; 16% below its 52-week high. Next report: Nov 18. | +6.5% |
| Coherent (COHR) Up 21% this year; 48% below its 52-week high. Next report: Nov 3. | +6.3% |
| Bloom Energy (BE) Up 136% this year; 41% below its 52-week high. Next report: Oct 27. | +6.2% |
| Fair Isaac (FICO) After an analyst downgrade2. Down 58% this year; 62% below its 52-week high. Next report: Nov 3. | -13.3% |
| DoorDash (DASH) After merger and acquisition news3. Down 26% this year; 37% below its 52-week high. Next report: Nov 3. | -6.1% |
| Charter Communications (CHTR) Down 51% this year; 59% below its 52-week high. Next report: Oct 29. | -5.9% |
| NVR (NVR) The biggest one-day drop since April 22, 2026; down 21% this year; 29% below its 52-week high. Next report: Oct 27. | -4.2% |
| Reddit (RDDT) Down 40% this year; 47% below its 52-week high. Next report: Oct 28. | -4.0% |
| Market | Close | Day | Year to date |
|---|---|---|---|
| S&P 500 (SPY) | 765.4 | +0.7% | +13.1% |
| Nasdaq-100 (QQQ) | 712.2 | +1.1% | +16.3% |
| Dow (DIA) | 523.0 | +0.3% | +10.0% |
| Russell 2000 (small caps) (IWM) | 277.0 | +0.5% | +13.3% |
| Average S&P 500 stock (equal weight) (RSP) | 217.3 | +0.4% | +14.8% |
| 10-year Treasury yield (as of Oct 23) | 5.0% | +4 bp | +82 bp |
| 2-year Treasury yield (as of Oct 23) | 4.7% | +4 bp | +122 bp |
| VIX (expected volatility) (as of Oct 23) | 19.5 | +0.4 | +4.5 |
| Oil (WTI, $ per barrel) (as of Oct 20) | 107.9 | -2.1 | +50.6 |
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 |
|---|---|---|
| Microsoft (MSFT) | Information Technology | Time not announced |
| Alphabet Inc. (Class A) (GOOGL) | Communication Services | After the close |
| Meta Platforms (META) | Communication Services | After the close |
| Visa Inc. (V) | Financials | After the close |
| Coca-Cola Company (The) (KO) | Consumer Staples | Before the open |
| Caterpillar Inc. (CAT) | Industrials | Before the open |
| Texas Instruments (TXN) | Information Technology | After the close |
| RTX Corporation (RTX) | Industrials | Before the open |
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 72% of the index's gain. Biggest contributors: Microsoft, Nvidia, Tesla, Inc., Amazon, Palantir Technologies.
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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, and trade only after the information is published to all subscribers. Past performance does not guarantee future results.
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