Daily Briefing
Market Briefing, Oct 27 2026: AI Rally Cools as Meta Share Sales and Fed Meeting Loom
~8 min readAlertsify Team
Market Briefing, Tuesday, October 27, 2026
The AI rally that followed Anthropic's IPO filing ran out of steam overnight. Nasdaq 100 and S&P 500 contracts were flat after Monday's strong gains, and tech fundraising drove sentiment, with Meta Platforms seeking to raise as much as $97.5 billion from selling common and preferred stock. Nvidia will also invest $3 billion in Meta's equity offering. Overseas, the iShares MSCI Brazil fund and Brazil's most heavily traded ADRs fell hard premarket after Lula won the election over Flavio Bolsonaro. Today hinges on a busy earnings slate before the open, the 10:00 AM consumer confidence reading, and Robinhood, Visa and Seagate after the close. The backdrop is the start of the Fed meeting: markets expect rates to stay unchanged .
Market setup
| S&P 500 futures: drifted lower, following Monday's gains as of 6 AM ET. Earlier pre-dawn readings showed small gains. | Slightly lower |
| Nasdaq 100 futures: contracts for the Nasdaq-100 fell 0.3% as tech slid | -0.3% |
| Dow futures: moved just above the flatline | ~Flat |
| Russell 2000 futures: no confirmed pre-market quote at press time | n/a |
| 10-year Treasury yield: eased to 4.99% on October 26, 2026 . It has fallen 0.25 points over the past month . | 4.99% |
| WTI crude: WTI crude futures rose 0.23% to $101.99 per barrel early. Crude hovered near its highest in six weeks. | $101.99 +0.2% |
| Bitcoin: traded near $79,791, down for a fifth consecutive session, after dipping to about $79,300 | ~$79,791 |
| Gold: spot gold eased 0.1% to $4,013.70 per ounce, having briefly dipped below $4,000 | $4,013.70 -0.1% |
Key levels (dealer gamma)
| SPY (spot ~762) | Unavailable today |
| QQQ (spot ~707) | Unavailable today |
We don't have dealer positioning data for SPY or QQQ today, so we're not showing call or put walls rather than guess. Normally, call walls mark where dealer positioning may slow rallies and put walls mark where hedging may cushion dips. Both are positioning estimates, not guarantees.
Today's market calendar (ET)
| 8:30 AM (prior 0%) | Durable Goods · 1.2% est. |
| 9:00 AM (no consensus listed) | Case-Shiller · prior 0.0% |
| 10:00 AM (prior 81.9) | Consumer Conf. · 81.2 est. |
| 10:00 AM (prior 684K) | New Home Sales · 655K est. |
| All day: the Fed's two-day meeting starts. The rate decision is Wednesday at 2:00 PM (current range 3.75%–4%). | FOMC Day 1 |
Notable earnings
Already reported: Coca-Cola (KO) raised full-year guidance. Net revenues grew 7% to $13.4 billion and comparable EPS (non-GAAP) grew 11% to $0.91 , against a consensus EPS forecast of 0.88 . Options had priced a 3.33% move into the print. The call is at 8:30 AM.
Still ahead before the open: We had no confirmed results for these at press time:
•
UPS (EPS est. $1.63)
• SoFi (
consensus EPS $0.17 on expected revenue of $1.25 billion
)
•
PayPal (EPS est. $1.31)
• Boeing (
EPS loss estimate of -$0.2355 on $24.39B revenue
,
implied move 5.03%
)
•
Freeport-McMoRan (EPS est. $0.8039)
•
Royal Caribbean (EPS est. $6.38)
•
HCA (EPS est. $6.65)
• Corning, S&P Global, Centene
After the close (options-implied moves):
• Robinhood ±10.3%:
the October 30 expiration implies a 10.26%, or $9.75, move in either direction
.
Analysts expect $0.56 per share on revenue of $1.44 billion.
• Seagate ±8.7%:
Wall Street expects $7.42 in earnings per share on $4.14 billion in revenue
.
• Visa ±3.2%:
Wall Street is looking for $3.44 in earnings per share on $12.08 billion in revenue
.
• Also reporting:
SK hynix, Enphase, Cheesecake Factory, BigBear.ai, F5, ONEOK and Waste Management
. We had no confirmed implied moves for these.
Congress corner
- Rep. Cleo Fields (D-LA): buy NVDA, $1K–$15K, traded Oct 1, 2026
- Rep. Cleo Fields (D-LA): buy TSM, $1K–$15K, traded Oct 9, 2026
- Rep. Darrell Issa (R-CA): bought a US Treasury note ($5M–$25M) on Oct 8, 2026 and sold one ($5M–$25M) on Oct 14, 2026
- Rep. Rick Larsen (D-WA): buy ADI and sell FDX, each $1K–$15K, traded Oct 8, 2026
- Rep. Kevin Hern (R-OK): sell NEE, $15K–$50K, traded Oct 2, 2026
- Sen. John Boozman (R-AR): partial sell of MU and buy of CSCO, each $1K–$15K, traded Sep 24, 2026 and disclosed Oct 21
These are delayed STOCK Act disclosures, not real-time trades. Trades are due within 45 days, but some are filed months or even years later , so the transaction date can be weeks before the filing.
Social-media trends
Retail attention is on fintech earnings. On social platforms, sentiment around SOFI improved from 'neutral' to 'bullish' over 24 hours as message volumes jumped 726% . PayPal is also near the top, with traders debating whether subdued expectations could support a rebound or whether weak branded checkout will weigh on it. Leveraged tech is crowded: SOXL and TQQQ attracted record inflows , and sentiment around SOXL was 'extremely bullish' . Celestica is buzzing after shares surged nearly 17% in the overnight session after the company posted strong Q3 results . Ethereum is drawing attention too, amid a broader crypto selloff, with traders citing continued selling pressure, Bitcoin weakness, and leveraged liquidations .
What matters today
- The AI rally now has to absorb a lot of new stock. Anthropic's filing shows first-half revenue of $16.3 billion and a net loss of $80.7 billion . Meta also sold $12.5 billion of preferred shares at $50 apiece and $25 billion of common stock at $625 per share as part of a plan worth up to $97.5B. On top of that, Broadcom arranged a $63 billion deal to finance the purchase of chips, while SpaceX signed a roughly $40 billion equipment-finance lease deal . Options money split by company: Meta drew -$28.8M in net premium, and Alphabet drew -$27.1M (GOOGL) and -$26.3M (GOOG). Tesla drew +$48.0M and Microsoft +$19.7M. Trading impact: the AI trade is splitting, with share-selling megacaps lagging names that have their own catalysts.
- The Fed's two-day meeting starts today. The decision comes Wednesday at 2:00 PM ET. Traders assign about a 90% probability that the Federal Reserve holds its target range at 3.75% to 4.00% , and markets also price close to an 80% probability of a December increase . This is a non-SEP meeting, with no updated economic projections or dot plot , so Chair Kevin Warsh's remarks and any dissenting votes could influence December expectations . Trading impact: today's data is mainly a test of how likely a December hike is.
- Economic data and earnings today. At 8:30 AM ET, durable goods are expected at +1.2% (prior 0%). At 10:00 AM ET, consumer confidence is expected at 81.2 (prior 81.9) and new home sales at 655K (prior 684K). Before the open, Coca-Cola reports ( EPS estimate 0.88 ) and Boeing reports, with the consensus a loss of $0.21 per share . After the close, Visa reports ( consensus earnings of $3.43 per share ) and Robinhood reports, with consensus revenue of $1.41 billion, up 16% from a year earlier . Trading impact: 10:00 AM ET is the main data window, and Visa and Robinhood can move stocks after hours.
- Oil stays high on Middle East risk. Brent crude futures were down 66 cents, or 0.57%, at $115.15 a barrel, while US West Texas Intermediate crude was down 44 cents at $101.32 . Prices eased on talks with Iranian officials in Tehran on Monday aimed at easing tensions , but losses were limited as scope for peace looked fragile, with renewed attacks by Iran-aligned Houthis on key producer Saudi Arabia . Crude has gained about 12% this month . Trading impact: crude above $100 keeps inflation, and hawkish Fed risk, in play.
- Mixed futures ahead of megacap earnings. Early this morning, contracts for the Nasdaq-100 fell 0.3%, while futures on the Dow Jones Industrial Average moved just above the flatline . Market-wide options flow showed $14.7M in net call premium and -$48.7M in net put premium; QQQ took +$34.5M. Dealer positioning (gamma) data is unavailable today. Wednesday after the close, Microsoft reports (consensus EPS $4.71; revenue $90.63B ) and Alphabet reports. Amazon reports after the close on Thursday, October 29 , the same day as PCE, which is expected at 3.1% core year over year. Trading impact: the Fed and megacap earnings land within 48 hours, so expect choppy, headline-driven tech trading until Wednesday's close.
Options flow
| ORCL $130 C 10/30 — the largest single tech print on the tape. It was a neutral-flagged sweep at $307 a contract, with 2,803 contracts traded against 22,640 already open. | $104.3K sweep |
| GOOG $300 C 1/21/28 — a long-dated call flagged bearish. GOOG ended the session at –$26.3M net premium, and Alphabet reports earnings this week . | $83.3K bearish |
| GOOGL $350 C 6/17/27 — a bullish print that goes against the trend. It filled at $2,595 a contract, with 219 contracts traded against 6,316 already open. GOOGL still finished at –$27.1M net. | $77.8K bullish |
| MSFT $585 C 1/15/27 — the contract traded about 29.6K times against roughly 1.5K open, heading into earnings. MSFT ended at +$19.7M net, mostly from $23,245,487 in net call buying . | $45.0K bullish sweep |
| NVDA $220 C 10/30 — a weekly call sweep just above the price. NVDA traded 59.32M shares and closed up 2.57% at $216.39 . | $42.2K bullish sweep |
| TSLA (no single contract available) — TSLA led all names in net premium, ahead of QQQ (+$34.5M) and INTC (+$26.8M). No strike-level detail is available for these three today. Tesla closed at $391.62, up 5.2%, on hopes of a SpaceX combination. |