The Nightcap: Nasdaq futures lead a small rise as Applied Materials and Amkor move after the bell
Nasdaq 100 futures are 0.38% above Monday's settlement at 8:51 PM ET, with the Fed deciding Wednesday. Applied Materials is lifting its BESI stake to about 20% and Universal Music has discussed going private.
Futures are quiet and tilted up, with technology doing most of the lifting. After Monday's 0.7% rebound in the S&P 500, nothing tonight has changed the main event: the Federal Reserve's rate decision on Wednesday. The overnight news is mostly chip and deal headlines, and most of it is thin so far.
Futures at 8:51 PM ET
| Instrument | Level | Monday settlement | Move |
|---|---|---|---|
| S&P 500 futures | 7,727.25 | 7,714.50 | +0.17% |
| Nasdaq 100 futures | 29,548.25 | 29,437.25 | +0.38% |
| Dow futures | 52,572 | 52,550 | +0.04% |
| Gold futures | $4,024.20 | $4,038.40 | -0.35% |
| Crude oil (front month) | $101.25 | $101.76 | -0.50% |
Futures quotes from Yahoo Finance at 8:51 PM ET, compared with each contract's own settlement, which is why the gaps differ from the cash closes. The Chronicle markets board at 9:01 PM ET showed the same direction: S&P 500 futures +0.16%, Nasdaq 100 +0.25%, Dow +0.12%, gold spot $4,008.11 (-0.23%). Cash closes: S&P 500 7,676.77, Nasdaq Composite 26,169.38, Dow 52,361.58.
The headlines moving single stocks
Amkor Technology. The chip packaging company missed on third-quarter earnings and revenue yet rose about 4% in extended trading, Investing.com reported. Seeking Alpha's headline says the company expects fourth-quarter revenue of $1.9 billion to $2.0 billion and is narrowing 2026 capital spending to about $2.5 billion. Traders appear to be reading the outlook, not the miss. We have not read the company's release.
Applied Materials. Reuters and Bloomberg both reported that Applied Materials will raise its stake in the Dutch chip equipment maker BE Semiconductor (BESI) to about 20%, per Bloomberg's headline. Both articles are paywalled for us, so we cannot give the price, the current stake or the terms.
Universal Music Group. Bloomberg News reported that the music company discussed going private with buyout firms, as relayed by Bloomberg and Reuters. A discussion is not an offer, and we have seen no price or confirmation from the company.
Rates, the dollar and bitcoin
The 10-year Treasury yield was 5.00% on Monday, unchanged from Friday, with the 2-year at 4.68%, per the Treasury's par curve. The dollar index is 101.71 on our board. Bitcoin is $80,107 (+0.06% over 24 hours) and Ether is $2,323 (-0.17%), per Coinbase quotes on the board. Oil is not moving on a new headline tonight; see our Saudi-Iran story for the backdrop.
What to watch at tomorrow's open
September durable goods orders are due Tuesday, per Redfin's calendar. Our economic calendar then lists the Fed decision on Wednesday, Oct. 28, with a forecast of a hold at 3.875%, and weekly jobless claims on Thursday with a forecast of 199,000. Our close story has the rest of Monday's session.
Sources: Yahoo Finance, Chronicle markets board, U.S. Treasury, Coinbase, Investing.com, Seeking Alpha, Bloomberg, Reuters, Redfin. Quotes may be delayed. This is market information, not investment advice.
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