Daily Digest
Daily Digest
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Everything Pomegra has published on QQQ: 30 news articles and 2 market briefs, newest first.
Russell 2000 (IWM) beats S&P 500 by 8 points YTD as AI mega-cap rotation lifts cheap small-cap stocks.
Sep 21
Nasdaq 100 (QQQ) fell 1.1% in Sunday futures on Amodei's AI pacing essay, with SK Hynix sinking 5.4% in Asia.
Sep 14
The S&P 500 rose 1.3% to 7,619 and the Nasdaq gained 1.6% on Wednesday as CoreWeave earnings and Anthropic's IPO outlook revived the AI trade on Wall Street.
October CPI arrives Tuesday with inflation seen near 3.9%, and a 77% December hike probability makes it the week's key test for rate-sensitive stocks.
A stronger-than-expected October jobs report lifted the 10-year Treasury yield to about 4.86% and moved traders firmly toward a December Fed rate hike.
Bitcoin dropped below $76,000 from above $80,000 as a tech rout hit risk assets, with about $1.1 billion of leveraged crypto positions liquidated in 24 hours.
The Cboe Volatility Index surged almost 70% to 28.18 on Thursday, its biggest one-day jump in over two years, as an AI-led selloff hit equity markets.
Nasdaq QQQ futures fell as much as 2% and S&P 500 futures 1.3% after Democrats won the House and Senate, lifting AI, data center and fiscal policy risk.
Nasdaq 100 funds such as QQQ fall into correction as markets price a 73% chance of a December Fed rate hike with the 10-year Treasury yield near 4.9%.
Stock market today: Wall Street holds its breath on midterm results as prediction markets favor a Democratic sweep and Friday's October jobs report looms.
Intel fell another 8.8% on Monday after its worst day since 1974, and the Nasdaq-100 slipped into a correction as the chip selloff reached $3.7 trillion.
The fed rate stays at 3.75-4.00% after a 10-2 vote, as Warsh declines to commit to a December hike that markets price at about 85% with the 10-year near 5%.
Alphabet shares fell 12.6% on Oct. 29, their worst day on record, after a search revenue miss, negative free cash flow and $51.4B in quarterly capex.
US economic growth accelerated to 3.4% in the third quarter while PCE inflation rose to 3.6%, keeping a December fed rate increase in sharp focus for markets.
Nasdaq-100 futures fell about 2% in Friday premarket trading after Amazon and Intel results sharpened investor doubts over AI spending, hitting chipmakers from AMD to Nvidia.
Bitcoin traded near $80,100 on Oct. 29, down 1.6% in 24 hours, after the Fed held rates at 3.75%-4.00% and September inflation ran hot.
US third-quarter GDP and September PCE inflation print at 8:30 a.m. ET as the 10-year Treasury yield holds near 5% and the fed rate path hangs on the data.
General Motors (GM) shares rose about 5% after it said it will move from the NYSE to Nasdaq on Nov. 17, making the automaker eligible for the Nasdaq-100 index.
Intel shares rose 4% to $90.47 after New Street Research upgraded the stock to Buy, citing an AI-driven server CPU shortage ahead of Q3 results on October 29.
Bitcoin slipped under $80,000 on October 26, testing the floor of a $80K-$86K range as traders de-risk before the Federal Reserve's October 28 decision.
Nasdaq Meta (META) fell about 7% after Q3 2026 results showed record AI spending and negative free cash flow. A new nonvoting share class also unsettled the market.
The Nasdaq fell 2.6% on Thursday, its worst day since June, as AI spending fears and an oil spike hit Amazon, Nvidia and Alphabet while Apple gained.
The Nasdaq is on track for its worst week since late June, down about 4.5%, as AI financing worries and Brent crude near $110 pressured tech and chip stocks.
Industrial output rose 0.7% in September and manufacturing capacity use hit 75.9%, the highest since early 2024, lifting S&P 500 futures.
Dell (DELL) fell 11% after Barclays cut it to equal weight, saying server growth reflects memory costs, not enterprise AI demand, and hitting AI stocks broadly.
Datadog (DDOG) shares rose about 3% premarket after Bernstein upgraded the cloud monitoring group to Outperform on strong AI demand, lifting its target to $350.
Nasdaq 100 futures rose about 1.3% Monday after a 5.5% weekly drop as investors bought the dip ahead of Meta, Tesla and Netflix earnings in a packed week.
Dell (DELL) fell 11% after a Barclays downgrade argued server growth reflects memory costs, not enterprise AI demand, dragging HPE and Super Micro lower.
The Philadelphia Semiconductor Index's eight-session slide, its longest since 2008, erased over $1 trillion and gave the Nasdaq its worst week since June.
Micron Technology stock slid as much as 5% after China's CXMT flagged denser server memory by year-end, pulling Sandisk and other memory shares lower.
Applied Materials (AMAT) fell 7% for a sixth day as Lam Research and KLA lost 4%, with profit-taking and no WFE forecast hitting AI stocks in chip equipment.
FICO shares rebounded up to 9% as investors backed a 15% workforce cut, after a steep selloff on VantageScore competition in U.S. mortgage credit scoring.
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