DAILY MARKET BRIEFING 19 OCTOBER 2026
S&P 500 7,690.73 +0.41% NASDAQ 26,430.89 +1.11% DOW 51,966.03 -0.07% RUSSELL 2,728.30 +0.25% FTSE 10,764.70 -1.08% DAX 25,319.77 -1.18% VIX 18.44 -7.75% US 10Y 5.14% +4 bp BTC 81,500.80 +0.78% ETH 2,419.77 +0.37%
U.S. CLOSE EDITION

IRON leads, ALM lags — U.S. market close

SharpeIQ Research Desk · data as of 19 Oct 2026 close

A close-to-close read on the latest session across US equity indices, rates, commodities, the semiconductor complex and options volatility, with notable insider filings and headlines.

1 Movers. IRON led gainers at +38.86%
2 Vol. 1 semis are realizing above implied (HV/IV > 1).
3 Laggards. ALM led decliners at -10.17%.

1 Global Dashboard

Close-to-close moves across US equity indices, rates and crypto. Front-month contracts: WTI Crude +2.22%; Natural Gas -1.86%; Gold -0.50%.

Index / ContractLast1 Day1 Wk1 MoYTD52-Wk RangeTrend
US EQUITY INDICES
S&P 500 7,690.73 +0.41% -1.49% +0.53% +12.35% 6,343.727,818.93
Nasdaq Composite 26,430.89 +1.11% -2.99% -0.35% +13.72% 20,794.6427,599.79
Dow Jones Industrial 51,966.03 -0.07% +0.22% +0.55% +8.12% 45,166.6454,349.12
Russell 2000 2,728.30 +0.25% -2.37% -4.62% +9.93% 2,305.113,068.42
INTERNATIONAL
FTSE 100 (UK) 10,764.70 -1.08% +1.02% +0.99% +8.39% 9,507.4010,910.60
DAX (Germany) 25,319.77 -1.18% +0.17% +0.06% +3.39% 22,300.7526,569.99
RATES & VOLATILITY
CBOE VIX 18.44 -7.75% +21.24% +24.51% +23.34% 13.4731.05
US 10-Year Yield 5.14% +4 bp -10 bp +14 bp +97 bp 3.95%5.31%
US 30-Year Yield 5.47% +4 bp -13 bp +14 bp +63 bp 4.54%5.67%
US 5-Year Yield 4.93% +3 bp -9 bp +7 bp +121 bp 3.51%5.09%
CRYPTO (24H)
Bitcoin 81,500.80 +0.78% -1.30% -2.89% -6.28% 58,558.86109,556.16
Ethereum 2,419.77 +0.37% -3.52% -10.35% -18.82% 1,564.823,847.08
ENERGY
WTI Crude 103.66 +2.22% +10.58% +3.35% +80.53% 55.27112.95
Brent Crude 109.55 -0.28% +2.72% +5.47% +80.03% 58.92118.35
Natural Gas 3.06 -1.86% -3.44% +5.01% -17.04% 2.527.46
METALS
Gold 4,160.10 -0.50% -0.73% -5.98% -4.17% 3,960.505,318.40
Silver 56.97 -0.04% -5.27% -14.40% -18.76% 46.56115.08
Copper 6.54 +0.11% -2.40% -1.16% +16.13% 4.936.80

Table 1. Close-to-close through 19 Oct. Rate changes in basis points; crypto is 24-hour; commodities are front-month contracts. Trend = trailing two weeks.

2 Semiconductors & Technology

Semiconductor and megacap-tech price action by horizon.

SEMICONDUCTOR COMPLEX — PRICE & VOLATILITY
TickerNameSpot1 Day1 WkYTDATM IVIV %ile30d HVHV/IV
NVDA NVIDIA 217.09 +1.38% -4.08% +16.54% 35% 21st 27% 0.77
AMD Adv. Micro Devices 538.05 +1.76% -9.46% +151.24% 58% 55th 56% 0.97
AVGO Broadcom 334.59 +1.78% -5.68% -2.79% 38% 13th 37% 0.96
AMAT Applied Materials 413.11 +0.93% -16.97% +61.32% 56% 62nd 52% 0.93
TXN Texas Instruments 276.15 -0.12% -1.98% +61.85% 50% 85th 28% 0.56
MU Micron 904.90 +2.97% -8.49% +217.23% 50% 4th 51% 1.02
SNDK SanDisk 1,371.12 +5.53% -7.81% +477.61% 70% 10th 65% 0.92
WDC Western Digital 352.21 +6.09% -8.98% +104.60% 68% 28th 61% 0.89
STX Seagate 660.81 +3.41% -12.27% +139.95% 67% 32nd 67% 1.00

Table 2. Price by horizon + at-the-money implied vol (≈30-day, annualized), 52-week IV percentile, trailing 30-session realized vol and HV/IV. HV/IV > 1.0 (highlighted) = realizing more than implied. Memory/storage tickers highlighted.

MEGACAP TECHNOLOGY
TickerNameSpot1 DayYTDTrend
AAPL Apple 342.94 -0.15% +26.49%
MSFT Microsoft 533.52 +0.84% +11.02%
GOOGL Alphabet 344.18 +1.05% +10.18%
AMZN Amazon 262.45 +4.98% +13.70%
META Meta Platforms 705.44 -0.55% +7.06%
TSLA Tesla 368.06 +3.76% -18.16%
NFLX Netflix 69.85 -0.96% -25.50%

Table 3. Same conventions as Table 2 (price only).

IMPLIED VS REALIZED — SEMIS
2020404060608080IV = HV · parityNVDAAMDAVGOAMATTXNMUSNDKWDCSTX Implied volatility (%) 30-day realized vol (%)
Figure 1. Above the dashed parity line = realizing more than options imply. Memory/storage highlighted.

3 Session Movers

The session's largest one-day moves in the liquid optionable universe.

TOP GAINERS
TickerNameLast1 Day
IRON Disc Medicine, Inc. 78.93 +38.86%
CLF Cleveland-Cliffs Inc. 14.10 +16.34%
ARQT Arcutis Biotherapeutics, Inc. 31.89 +10.65%
AXTI Axt Inc 56.79 +10.34%
VRDN Viridian Therapeutics, Inc.\De 20.80 +9.30%
MXL Maxlinear, Inc 77.11 +8.12%
TOP LOSERS
TickerNameLast1 Day
ALM Almonty Industries Inc. 8.83 -10.17%
IBRX Immunitybio, Inc. 8.42 -8.28%
DJT Trump Media & Technology Group Corp. 6.43 -8.01%
BLSH Bullish 27.42 -7.02%
QXO Qxo, Inc. 10.14 -6.63%
CECO Ceco Environmental Corp 56.72 -6.31%

Table 4. Largest one-day moves, liquid U.S. optionable universe (known market cap ≥ $2B). Bars scaled within each panel.

4 Options & Implied Volatility

ATM implied-volatility movers and the semiconductor vol board.

ATM IV RISERS
TickerNameATM IVΔ 1 DayIV %ile
MU Micron Technology Inc 50% +2.70% 4th
NVDA Nvidia Corp 35% +1.59% 21st
ATM IV CRUSH
TickerNameATM IVΔ 1 DayIV %ile
STX Seagate Technology Holdings Plc 67% -2.06% 32nd
SNDK Sandisk Corp 70% -1.75% 10th
AMAT Applied Materials Inc /De 56% -1.43% 62nd
AVGO Broadcom Inc. 38% -0.63% 13th
TXN Texas Instruments Inc 50% -0.32% 85th

Table 5. ATM implied-volatility movers across the semiconductor complex — Δ in vol points vs. prior close; percentile over 52 weeks.

5 Insider Filings, Desk Briefing & Week Ahead

Form 4 flow today: 15 buy / 25 sell prints (buy/sell ratio 0.60), led by WMT, PCQ.

Insider buy/sell ratio today 0.60 parity 1.00
FORM 4 FILINGS
FiledInsider · TitleTickerNameSideSharesValue
10-16 Furner John R. · Director, President & CEO WMT Walmart Inc. SELL 7,089 $853K
10-16 Furner John R. · Director, President & CEO WMT Walmart Inc. SELL 6,036 $730K
10-16 Watkins Latriece · Executive Vice President WMT Walmart Inc. SELL 5,000 $575K
10-16 Nicholas Christopher James · Executive Vice President WMT Walmart Inc. SELL 1,600 $193K
10-16 Nicholas Christopher James · Executive Vice President WMT Walmart Inc. SELL 1,300 $157K
10-16 BANK OF AMERICA CORP /DE/ · 10% Owner PCQ BUY 2,000 $16K

Table 6. Notable Form 4 filings; value = reported transaction value.

DESK BRIEFING
• CLF — Cleveland-Cliffs reported third-quarter 2026 revenues of $5.6 billion and GAAP net income of $165 million, or $0.26 per diluted share, with adjusted EBITDA of $612 million. reported results of operations (SEC 8-K).
THE WEEK AHEAD
WhenEvent
Tue 20 Oct NFLX earnings — today
Tue 20 Oct UAL earnings — today
Tue 20 Oct GE earnings — today
Tue 20 Oct MMM earnings — today
Tue 20 Oct ELS earnings — today
Tue 20 Oct CB earnings — today
Tue 20 Oct COF earnings — today
Tue 20 Oct NOC earnings — today

Table 7. Upcoming earnings, next three weeks.

For informational purposes only — not investment advice, a recommendation, or an offer to buy or sell any security. Data may contain errors or omissions.

DAILY MARKET BRIEFING sharpeiq.com/research 19 OCTOBER 2026