The Nasdaq fell 1.38% as Alphabet sank 12.64%, while the small-cap I W M fund gained 0.97%.
CAMS Closing Market Recap.
Thursday, October 29, 2026.
Good evening.
The Nasdaq fell 1.38% as Alphabet sank 12.64%, while the small-cap I W M fund gained 0.97%.
The S and P 500 lost 0.30%, and the Dow slipped 0.25%.
Nine of 11 sector funds rose.
Health care gained 2.40%, while communication services fell 1.87%.
Technology lost 1.18%, and the semiconductor fund S M H declined 1.06%.
Near the close, advancers outnumbered decliners on both the N Y S E and Nasdaq.
S P Y and Q Q Q both traded below their recent average volume.
Alphabet reported revenue growth of 25% and Google Cloud growth of 103%, but spending and cash flow drove the market reaction.
ServiceNow and Fortinet each lost more than 20%, while Marvell fell 13.24%.
Eli Lilly gained 6.63% after raising its full-year revenue outlook.
B E A reported third-quarter real G D P growth of 3.4% at an annual rate.
September core P C E inflation remained at 3.1% from a year earlier.
The Federal Reserve's latest decision kept the target range at 3.75% to 4.00%, with two dissenters favoring an increase.
The 10-year Treasury yield fell to 4.94%.
The dollar index eased 0.24%, while the V I X ended near 17.
W T I crude settled at $102 a barrel, while gold settled near $4,031.
Iran's Revolutionary Guards said three tankers hit mines south of the Strait of Hormuz.
U K maritime officials separately reported one vessel on fire, without confirming the cause.
The reviewed sources did not establish a full Strait closure or a sustained interruption to oil flows.
Amazon and Intel were the next major earnings tests after the bell.
A sharp megacap loss pulled the Nasdaq lower even as most sector funds and small caps rose.
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