Stock Market Update
26-Oct-26 09:14 ET
Futures point to higher open to kick off mega-cap earnings week
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +20.00. Nasdaq futures vs fair value: +146.00.
Stocks remain on track for a modestly higher open this morning as the market enters the final trading week of October. The major averages are mixed for the month, with the S&P 500 (-0.4%) and Nasdaq Composite (-3.4%) trading lower while the DJIA (+2.6%) has significantly outperformed.
The divergence reflects considerable weakness in mega-cap technology stocks, with the information technology (-5.1%) and communication services (-7.3%) sectors both down sharply for the month. That makes this week's earnings reports from Microsoft (MSFT 526.96, +2.45, +0.5%), Alphabet (GOOG 319.13, +1.85, +0.6%), and Amazon (AMZN 250.76, +2.76, +1.1%) particularly important, as investors look for reassurance about AI spending and growth prospects following the recent selloff.
