DAILY MARKET BRIEFING 4 NOVEMBER 2026

S&P 500 7,688.62 +1.58% NASDAQ 25,736.51 +1.44% DOW 53,356.12 +3.03% RUSSELL 2,856.95 +1.58% FTSE 10,829.20 +1.79% DAX 26,437.67 +2.22% VIX 16.61 -20.26% US 10Y 4.89% -6 bp BTC 77,904.13 +0.72% ETH 2,292.57 +0.87%

U.S. CLOSE EDITION

KD leads, NRIX lags — U.S. market close

SharpeIQ Research Desk · data as of 4 Nov 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. KD led gainers at +30.14%

2 Vol. 6 semis are realizing above implied (HV/IV > 1).

3 Laggards. NRIX led decliners at -38.23%.

1 Global Dashboard

Close-to-close moves across US equity indices, rates and crypto. Front-month contracts: Brent Crude -8.67%; WTI Crude -8.29%; Gold +3.37%.

Index / ContractLast1 Day1 Wk1 MoYTD52-Wk RangeTrend

US EQUITY INDICES

S&P 500 7,688.62 +1.58% -0.71% -1.67% +12.32% 6,343.72 7,818.93

Nasdaq Composite 25,736.51 +1.44% -3.06% -6.75% +10.73% 20,794.64 27,599.79

Dow Jones Industrial 53,356.12 +3.03% +1.68% +3.56% +11.01% 45,166.64 54,349.12

Russell 2000 2,856.95 +1.58% +0.93% +0.94% +15.11% 2,305.11 3,068.42

INTERNATIONAL

FTSE 100 (UK) 10,829.20 +1.79% +1.26% +2.73% +9.04% 9,507.40 10,910.60

DAX (Germany) 26,437.67 +2.22% +2.85% +3.88% +7.95% 22,300.75 26,569.99

RATES & VOLATILITY

CBOE VIX 16.61 -20.26% -1.77% +10.66% +11.10% 13.47 31.05

US 10-Year Yield 4.89% -6 bp -15 bp -38 bp +73 bp 3.96% 5.31%

US 30-Year Yield 5.28% -4 bp -8 bp -36 bp +44 bp 4.63% 5.67%

US 5-Year Yield 4.69% -5 bp -18 bp -34 bp +97 bp 3.51% 5.09%

CRYPTO (24H)

Bitcoin 77,904.13 +0.72% +0.91% -4.49% -10.98% 58,558.86 96,929.33

Ethereum 2,292.57 +0.87% +2.30% -5.20% -22.73% 1,564.82 3,354.72

ENERGY

WTI Crude 88.12 -8.29% -14.26% -1.48% +53.47% 55.27 112.95

Brent Crude 94.62 -8.67% -17.95% -5.93% +55.50% 58.92 118.35

Natural Gas 2.96 +2.21% +5.04% -4.98% -19.72% 2.52 7.46

METALS

Gold 4,073.00 +3.37% +0.53% -2.73% -6.18% 3,898.90 5,318.40

Silver 52.12 +0.37% roll -2.50% -14.79% -25.69% 49.10 115.08

Copper 6.40 +0.38% -3.59% -2.90% +13.73% 4.94 6.80

Table 1. Close-to-close through 4 Nov. 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 200.13 -3.17% -7.08% +7.44% 46% 82nd 33% 0.72

AMD Adv. Micro Devices 488.78 +1.01% -15.50% +128.23% 60% 61st 72% 1.20

AVGO Broadcom 325.48 -2.00% -7.48% -5.44% 42% 22nd 43% 1.03

AMAT Applied Materials 369.40 -3.28% -11.20% +44.25% 58% 69th 57% 0.98

TXN Texas Instruments 311.49 -0.32% +1.03% +82.56% 43% 66th 33% 0.77

MU Micron 795.23 -7.00% -19.12% +178.79% 52% 10th 66% 1.28

SNDK SanDisk 1,037.40 -7.91% -26.15% +337.02% 71% 10th 87% 1.24

WDC Western Digital 323.83 -6.77% -18.31% +88.12% 72% 38th 74% 1.03

STX Seagate 557.06 -8.13% -20.19% +102.28% 64% 16th 72% 1.12

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 349.51 +5.31% +28.91%

MSFT Microsoft 555.80 +6.68% +15.65%

GOOGL Alphabet 288.93 +3.18% -7.51%

AMZN Amazon 266.03 +6.12% +15.25%

META Meta Platforms 630.00 +1.44% -4.39%

TSLA Tesla 385.19 -3.34% -14.35%

NFLX Netflix 66.39 +4.68% -29.19%

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

KD Kyndryl Holdings, Inc. 16.84 +30.14%

RYTM Rhythm Pharmaceuticals, Inc. 110.68 +28.04%

DUOL Duolingo, Inc. 161.27 +25.99%

YOU Clear Secure, Inc. 59.08 +23.70%

PCOR Procore Technologies, Inc. 75.60 +19.68%

MDLN Medline Inc. 40.35 +18.36%

TOP LOSERS

TickerNameLast1 Day

NRIX Nurix Therapeutics, Inc. 15.95 -38.23%

DOX Amdocs Ltd 43.66 -30.07%

ECG Everus Construction Group, Inc. 79.71 -29.29%

FIS Fidelity National Information Services, Inc. 29.76 -23.67%

HUT Hut 8 Corp. 48.94 -23.23%

STRL Sterling Infrastructure, Inc. 283.66 -21.46%

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

WDC Western Digital Corp 72% +6.19% 38th

TXN Texas Instruments Inc 43% +1.11% 66th

ATM IV CRUSH

TickerNameATM IVΔ 1 DayIV %ile

STX Seagate Technology Holdings Plc 64% -11.43% 16th

MU Micron Technology Inc 52% -7.62% 10th

AMAT Applied Materials Inc /De 58% -6.98% 69th

AMD Advanced Micro Devices Inc 60% -6.51% 61st

SNDK Sandisk Corp 71% -6.19% 10th

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: 6 buy / 34 sell prints (buy/sell ratio 0.18), led by AMZN, META.

Insider buy/sell ratio today 0.18 parity 1.00

FORM 4 FILINGS

FiledInsider · TitleTickerNameSideSharesValue

11-04 Herrington Douglas J · CEO Worldwide Amazon Stores AMZN Amazon Com Inc SELL 1,000 $243K

11-04 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 946 $581K

11-04 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 57 $35K

11-04 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 82 $50K

11-04 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 408 $251K

11-04 Andreessen Marc L · Director META Meta Platforms, Inc. SELL 5,573 $3.4M

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

DESK BRIEFING

• MSFT — MICROSOFT CORP disclosed a material event (SEC 8-K).

THE WEEK AHEAD

WhenEvent

Thu 5 Nov VRSK earnings — today

Thu 5 Nov GH earnings — today

Thu 5 Nov REG earnings — today

Thu 5 Nov VIRT earnings — today

Thu 5 Nov SO earnings — today

Thu 5 Nov NET earnings — today

Thu 5 Nov CI earnings — today

Thu 5 Nov TRP 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 4 NOVEMBER 2026