Daily Market Report – October 30, 2026

Markets

Concerns about high AI spending weighed on the S&P 500 (SPX), which fell by 0.30 percent to 7,720 points, and the Nasdaq 100 (NDX), which dropped by 1.38 percent to 29,403 points. In contrast, the DAX (DAX) closed 1.31 percent higher at 26,040 points. In Asia, the Nikkei 225 (NI225) fell by 2.26 percent to 63,199 points, influenced by technology stocks. Following the attacks on tankers in the Strait of Hormuz, Brent crude oil (UKOIL) increased by 1.17 percent to 112.10 dollars. Silver (SILVER), on the other hand, declined by 1.54 percent to 51.58 dollars.

Company

Alphabet (GOOGL) lost 12.64 percent after the release of its financial results. At the same time, concerns grew over the financing of high AI investments. Amazon (AMZN) came under pressure after its financial results despite a raised outlook for its cloud business. Microsoft (MSFT) plans to finance the expansion of AI through a bond issuance of 25 billion dollars. The reassessment of high AI expenditures caused ServiceNow (NOW) to plummet by 26.95 percent to 109.67 dollars.

Intel (INTC) burdened the semiconductor industry with a disappointing outlook after demand for personal computers remained weak. Due to concerns about the profitability of AI expansion, SK Hynix (000660) lost 7.08 percent to 1,418,000 Won. KLA (KLAC), on the other hand, gained 5.45 percent to 167.43 dollars. Murata Manufacturing (6981) announced investments of 1 trillion yen to expand the business of capacitors for AI data centers.

Spotify (SPOT) is reportedly working on a paid AI service for music remixes that is set to launch early next year. Reddit (RDDT) came under pressure after a weak revenue outlook and the announcement of tests for a registration requirement. Sandisk (SNDK) benefited according to market reports from a strong increase in revenue and the announcement of a stock split.

Eli Lilly (LLY) rose by 6.63 percent to 1,373.70 dollars. Caterpillar (CAT) fell by 9.25 percent to 647.39 dollars.

Macroeconomics

On October 28, 2026, the Fed kept its key interest rate unchanged at 3.75 to 4.00 percent, while the ECB left the deposit rate unchanged at 2.50 percent on October 29. For the upcoming meetings on December 9 (Fed) and December 17 (ECB), the market expects with probabilities of 76 and 85 percent, respectively, that both central banks will raise their key interest rates by 25 basis points each. The BoJ also kept its key interest rates unchanged. At the same time, the Japanese central bank noted that underlying inflation has reached its target of 2 percent.

The IMF praised Britain's plan for deficit reduction, which primarily involves higher taxes.

---

*Created on 10/30/2026 / 00:48 (Europe/Berlin)*