S&P 500 Gains 0.7% as Tech Advances, VIX Retreats
Nasdaq led major indexes higher while volatility eased ahead of key earnings from PayPal, Robinhood.
Where the market closed
Index levels, yields and exchange rates at the US close. Source: market data via Yahoo Finance. New to index investing? See our complete S&P 500 guide.
What moved the market
Equity indexes advanced in a broad risk-on session, with the Nasdaq Composite ($COMP) rising 0.82% as the VIX declined 5.4% to 18.39. Investor focus turned to Tuesday earnings reports from PayPal Holdings ($PYPL) and Robinhood Markets ($HOOD), both set to release quarterly results amid anticipation of strong revenue prints.
The 30-second read
- •S&P 500 rose 0.70%, Nasdaq gained 0.82% as tech led broader advance
- •VIX fell 5.4% to 18.39; 10-year Treasury yield ticked up to 4.99%
- •PayPal and Robinhood earnings due Tuesday, both under investor scrutiny
- •American Express ($AXP) announced 5% workforce cut tied to AI integration
- •Microsoft ($MSFT) offered buyouts to 60,000 workers in cost-trimming push
What to watch next
- Before open Tuesday, Oct. 27PayPal ($PYPL) Q3 earnings
- After close Tuesday, Oct. 27Robinhood ($HOOD) Q3 earnings
Reference & disclosures
Sources & headlines
- Retiring by the End of 2026? 4 Key Questions to Ask Yourself First — Yahoo
- Canada opens consultation on stablecoins, citing US GENIUS Act — Cointelegraph
- PayPal Is Down More Than 80% From Its Peak. Here’s What October 27 Has to Show — Yahoo
- How Bad Would Higher Oil Prices Be For Procter & Gamble Stock? — Yahoo
- Robinhood Q3 Preview: Could Record Revenue Help Turn Shares Around? — Yahoo
- 3 Cheap Dividend Stocks I'd Buy Without Any Hesitation — Yahoo
- Can PayPal Stock Hit $80? — Yahoo
- AI Price Prediction: ChatGPT Predicts Where Ethereum, Chainlink and Uniswap Could Be by the End of 2026 — Yahoo
- OpenAI Devalues Itself (Again) — Yahoo
- Moderna Sinks Another 8% Even as Lead Investigator Calls Melanoma Vaccine Data “Transformational” — Yahoo
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