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Afternoon market commentary
Afternoon Market Commentary — October 29, 2026
Thu Oct 29 — Alphabet's worst day on record (-12.6%) snapped the S&P's four-day win streak and Amazon/Intel fell double digits after the bell; SPX -0.3% to 7,720, Nasdaq -1.4%, but breadth was strong and small caps rallied +1.0% on in-line September PCE and a 3.4% Q3 GDP beat; the 10-year eased to 4.99% with a December Fed hike ~85% priced.
October 29, 2026 · Dependability Research Desk
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