DAILY MARKET BRIEFING 26 OCTOBER 2026

S&P 500 7,676.77 +0.70% NASDAQ 26,169.38 +0.82% DOW 52,361.58 +0.28% RUSSELL 2,786.42 +0.38% FTSE 10,767.30 +0.72% DAX 25,410.84 +0.91% VIX 18.39 -5.45% US 10Y 4.99% 0 bp BTC 79,945.55 -1.05% ETH 2,313.41 -1.81%

U.S. CLOSE EDITION

PSKY leads, XP lags — U.S. market close

SharpeIQ Research Desk · data as of 26 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. PSKY led gainers at +41.46%

2 Vol. 4 semis are realizing above implied (HV/IV > 1).

3 Laggards. XP led decliners at -48.36%.

1 Global Dashboard

Close-to-close moves across US equity indices, rates and crypto. Front-month contracts: WTI Crude -1.46%; Natural Gas -1.44%; Brent Crude -0.78%.

Index / ContractLast1 Day1 Wk1 MoYTD52-Wk RangeTrend

US EQUITY INDICES

S&P 500 7,676.77 +0.70% -0.18% -0.86% +12.14% 6,343.727,818.93

Nasdaq Composite 26,169.38 +0.82% -0.99% -3.32% +12.60% 20,794.6427,599.79

Dow Jones Industrial 52,361.58 +0.28% +0.76% +1.03% +8.94% 45,166.6454,349.12

Russell 2000 2,786.42 +0.38% +2.13% -1.80% +12.27% 2,305.113,068.42

INTERNATIONAL

FTSE 100 (UK) 10,767.30 +0.72% +0.02% +0.67% +8.42% 9,507.4010,910.60

DAX (Germany) 25,410.84 +0.91% +0.36% +0.01% +3.76% 22,300.7526,569.99

RATES & VOLATILITY

CBOE VIX 18.39 -5.45% -0.27% +23.67% +23.01% 13.4731.05

US 10-Year Yield 4.99% 0 bp -15 bp -20 bp +82 bp 3.96%5.31%

US 30-Year Yield 5.30% -1 bp -17 bp -20 bp +46 bp 4.55%5.67%

US 5-Year Yield 4.82% +2 bp -11 bp -18 bp +110 bp 3.51%5.09%

CRYPTO (24H)

Bitcoin 79,945.55 -1.05% -3.61% -7.56% -8.64% 58,558.86105,996.59

Ethereum 2,313.41 -1.81% -5.45% -15.15% -22.03% 1,564.823,568.46

ENERGY

WTI Crude 101.76 -1.46% -1.83% +10.12% +77.22% 55.27112.95

Brent Crude 115.81 -0.78% +5.71% +11.01% +90.32% 58.92118.35

Natural Gas 2.60 -1.44% -14.91% -18.59% -29.41% 2.527.46

METALS

Gold 4,038.40 +0.76% -2.93% -6.54% -6.97% 3,960.505,318.40

Silver 54.11 +0.74% -5.03% -15.78% -22.85% 47.13115.08

Copper 6.51 +0.49% -0.46% -2.80% +15.60% 4.936.80

Table 1. Close-to-close through 26 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 216.00 +2.39% -0.50% +15.96% 35% 21st 30% 0.87

AMD Adv. Micro Devices 531.28 +2.80% -1.26% +148.08% 63% 65th 52% 0.83

AVGO Broadcom 329.17 +2.33% -1.62% -4.37% 37% 9th 39% 1.05

AMAT Applied Materials 387.59 +2.74% -6.18% +51.36% 52% 38th 53% 1.03

TXN Texas Instruments 298.12 +4.72% +7.96% +74.73% 50% 85th 31% 0.62

MU Micron 903.70 +2.98% -0.13% +216.81% 50% 4th 50% 0.99

SNDK SanDisk 1,255.58 +1.42% -8.43% +428.93% 70% 10th 56% 0.80

WDC Western Digital 356.13 +3.63% +1.11% +106.88% 68% 28th 71% 1.04

STX Seagate 644.21 +2.18% -2.51% +133.93% 67% 32nd 70% 1.05

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 343.91 -1.10% +26.85%

MSFT Microsoft 532.60 +1.54% +10.83%

GOOGL Alphabet 316.80 -1.06% +1.41%

AMZN Amazon 249.09 +0.44% +7.92%

META Meta Platforms 630.56 -1.88% -4.30%

TSLA Tesla 391.62 +5.21% -12.92%

NFLX Netflix 63.90 -2.96% -31.85%

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

IMPLIED VS REALIZED — SEMIS

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

PSKY Skydance Corp 9.78 +41.46%

RRC Range Resources Corp 53.56 +17.66%

ORKA Oruka Therapeutics, Inc. 90.33 +12.70%

VICR Vicor Corp 194.77 +10.64%

WGS Genedx Holdings Corp. 61.26 +9.10%

LITE Lumentum Holdings Inc. 818.10 +8.19%

TOP LOSERS

TickerNameLast1 Day

XP Xp Inc. 15.71 -48.36%

BBD Bank Bradesco 2.93 -28.01%

STNE Stoneco Ltd. 8.33 -27.44%

SBS Companhia De Saneamento Basico Do Estado De Sao Paulo-Sabesp 4.73 -26.09%

PAGS Pagseguro Digital Ltd. 8.56 -25.17%

ITUB Itau Unibanco Holding S.A. 7.70 -20.37%

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

AMD Advanced Micro Devices Inc 63% +2.69% 65th

NVDA Nvidia Corp 35% +1.59% 21st

ATM IV CRUSH

TickerNameATM IVΔ 1 DayIV %ile

AMAT Applied Materials Inc /De 52% -4.70% 38th

AVGO Broadcom Inc. 37% -3.48% 9th

STX Seagate Technology Holdings Plc 67% -2.06% 32nd

SNDK Sandisk Corp 70% -1.75% 10th

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: 13 buy / 27 sell prints (buy/sell ratio 0.48), led by COST.

Insider buy/sell ratio today 0.48 parity 1.00

FORM 4 FILINGS

FiledInsider · TitleTickerNameSideSharesValue

10-26 MILLERCHIP GARY · Executive Vice President COST Costco Wholesale Corp /New BUY 6,140 —

10-26 MILLERCHIP GARY · Executive Vice President COST Costco Wholesale Corp /New SELL 313 $319K

10-26 MILLERCHIP GARY · Executive Vice President COST Costco Wholesale Corp /New SELL 500 $509K

10-26 MILLERCHIP GARY · Executive Vice President COST Costco Wholesale Corp /New SELL 816 $832K

10-26 Vachris Roland Michael · Director, President and CEO COST Costco Wholesale Corp /New BUY 13,973 —

10-26 Vachris Roland Michael · Director, President and CEO COST Costco Wholesale Corp /New SELL 1,403 $1.4M

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

DESK BRIEFING

• AMAT — APPLIED MATERIALS INC /DE disclosed a material event (SEC 8-K).

THE WEEK AHEAD

WhenEvent

Tue 27 Oct STX earnings — today

Tue 27 Oct NVS earnings — today

Tue 27 Oct EQT earnings — today

Tue 27 Oct RRC earnings — today

Tue 27 Oct FCX earnings — today

Tue 27 Oct RNR earnings — today

Tue 27 Oct ICLR earnings — today

Tue 27 Oct CNP 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 26 OCTOBER 2026