DAILY MARKET BRIEFING 28 OCTOBER 2026
S&P 500 7,743.98 +0.28% NASDAQ 26,549.85 +0.27% DOW 52,475.10 +0.19% RUSSELL 2,830.51 +0.41% FTSE 10,694.50 +0.07% DAX 25,704.02 +0.44% VIX 16.91 -3.48% US 10Y 5.04% +5 bp BTC 81,267.59 +0.57% ETH 2,357.62 +0.42%
U.S. CLOSE EDITION

AXGN leads, FFIV lags — U.S. market close

SharpeIQ Research Desk · data as of 28 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. AXGN led gainers at +31.47%
2 Vol. 4 semis are realizing above implied (HV/IV > 1).
3 Laggards. FFIV led decliners at -20.43%.

1 Global Dashboard

Close-to-close moves across US equity indices, rates and crypto. Front-month contracts: Natural Gas +4.45%; WTI Crude +2.88%; Brent Crude +1.26%.

Index / ContractLast1 Day1 Wk1 MoYTD52-Wk RangeTrend
US EQUITY INDICES
S&P 500 7,743.98 +0.28% -0.17% +0.95% +13.13% 6,343.727,818.93
Nasdaq Composite 26,549.85 +0.27% -0.57% -0.92% +14.23% 20,794.6427,599.79
Dow Jones Industrial 52,475.10 +0.19% -0.72% +2.19% +9.18% 45,166.6454,349.12
Russell 2000 2,830.51 +0.41% +1.78% +0.80% +14.05% 2,305.113,068.42
INTERNATIONAL
FTSE 100 (UK) 10,694.50 +0.07% -0.54% +0.54% +7.68% 9,507.4010,910.60
DAX (Germany) 25,704.02 +0.44% +0.23% +1.20% +4.96% 22,300.7526,569.99
RATES & VOLATILITY
CBOE VIX 16.91 -3.48% +1.38% +5.42% +13.11% 13.4731.05
US 10-Year Yield 5.04% +5 bp -10 bp -21 bp +88 bp 3.96%5.31%
US 30-Year Yield 5.36% +6 bp -8 bp -23 bp +52 bp 4.55%5.67%
US 5-Year Yield 4.87% +3 bp -10 bp -19 bp +115 bp 3.51%5.09%
CRYPTO (24H)
Bitcoin 81,267.59 +0.57% +0.24% -2.41% -7.13% 58,558.86102,997.47
Ethereum 2,357.62 +0.42% -1.11% -8.39% -20.54% 1,564.823,415.28
ENERGY
WTI Crude 102.78 +2.88% +5.80% +14.99% +79.00% 55.27112.95
Brent Crude 115.32 +1.26% +5.97% +12.41% +89.52% 58.92118.35
Natural Gas 2.82 +4.45% +0.97% -6.44% -23.58% 2.527.46
METALS
Gold 4,051.60 -0.56% -2.37% -3.06% -6.67% 3,960.505,318.40
Silver 54.04 -0.83% -5.89% -10.93% -22.95% 47.13115.08
Copper 6.68 +0.32% +2.13% +2.12% +18.69% 4.936.80

Table 1. Close-to-close through 28 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 215.38 -1.17% -2.97% +15.63% 41% 63rd 30% 0.73
AMD Adv. Micro Devices 578.44 +3.24% +4.65% +170.10% 59% 56th 57% 0.97
AVGO Broadcom 351.81 +2.77% +4.15% +2.21% 40% 17th 42% 1.05
AMAT Applied Materials 416.00 +5.07% +1.73% +62.45% 54% 49th 54% 1.00
TXN Texas Instruments 309.83 +0.30% +8.85% +81.59% 40% 51st 33% 0.83
MU Micron 983.23 +5.86% +7.61% +244.70% 51% 7th 55% 1.09
SNDK SanDisk 1,404.77 +7.66% +1.93% +491.78% 77% 17th 66% 0.86
WDC Western Digital 396.42 +4.08% +4.73% +130.29% 62% 7th 78% 1.26
STX Seagate 697.97 +4.51% +0.15% +153.45% 71% 43rd 75% 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 343.83 -0.94% +26.82%
MSFT Microsoft 531.01 -0.06% +10.50%
GOOGL Alphabet 324.89 +1.34% +4.00%
AMZN Amazon 254.60 +0.59% +10.30%
META Meta Platforms 612.49 -1.24% -7.05%
TSLA Tesla 404.22 -0.80% -10.12%
NFLX Netflix 61.99 -0.85% -33.88%

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
AXGN Axogen, Inc. 49.25 +31.47%
GMAB Genmab A/S 57.29 +28.25%
ICLR Icon Plc 214.16 +17.04%
VRT Vertiv Holdings Co 242.94 +16.48%
BEAM Beam Therapeutics Inc. 28.78 +15.58%
HAYW Hayward Holdings, Inc. 14.79 +13.51%
TOP LOSERS
TickerNameLast1 Day
FFIV F5, Inc. 365.53 -20.43%
LSTR Landstar System Inc 138.80 -17.76%
ENPH Enphase Energy, Inc. 24.99 -16.03%
LPLA Lpl Financial Holdings Inc. 269.19 -15.23%
SLS Sellas Life Sciences Group, Inc. 10.38 -14.71%
CSGP Costar Group, Inc. 27.54 -13.96%

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
SNDK Sandisk Corp 77% +1.43% 17th
STX Seagate Technology Holdings Plc 71% +0.48% 43rd
ATM IV CRUSH
TickerNameATM IVΔ 1 DayIV %ile
WDC Western Digital Corp 62% -5.08% 7th
MU Micron Technology Inc 51% -2.22% 7th
AMD Advanced Micro Devices Inc 59% -1.59% 56th
TXN Texas Instruments Inc 40% -1.59% 51st
AMAT Applied Materials Inc /De 54% -1.43% 49th

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: 7 buy / 33 sell prints (buy/sell ratio 0.21), led by META, VZ.

Insider buy/sell ratio today 0.21 parity 1.00
FORM 4 FILINGS
FiledInsider · TitleTickerNameSideSharesValue
10-28 Alford Peggy · Director META Meta Platforms, Inc. SELL 390 $250K
10-28 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 946 $605K
10-28 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 57 $36K
10-28 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 82 $52K
10-28 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 408 $261K
10-28 Malady Kyle · EVP and Group CEO-VZ Business VZ Verizon Communications Inc SELL 1,100 $47K

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

DESK BRIEFING
• GOOGL — Alphabet Inc. reported results of operations (SEC 8-K).
• MSFT — MICROSOFT CORP disclosed a material event (SEC 8-K).
• STX — Seagate Technology Holdings plc held a shareholder vote (SEC 8-K).
• LSTR — Landstar System reported 2026 third quarter revenue of $1.512 billion and diluted earnings per share of $1.42. reported results of operations (SEC 8-K).
THE WEEK AHEAD
WhenEvent
Thu 29 Oct SNDK earnings — today
Thu 29 Oct MSFT earnings — today · date is an estimate
Thu 29 Oct AMZN earnings — today
Thu 29 Oct DHI earnings — today
Thu 29 Oct INTC earnings — today
Thu 29 Oct TTE earnings — today
Thu 29 Oct LYG earnings — today
Thu 29 Oct DLR 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 28 OCTOBER 2026