Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are climbing triple digits, as investors turn their focus to a fresh batch of earnings and today's start of the Federal Reserve's two-day meeting. On Wednesday at 2 p.m. ET the Federal Open Market Committee (FOMC) will announce October's rate-hike decision, though the CME FedWatch tool is anticipating a 90.6% chance rates will remain steady. Futures on the S&P 500 Index (SPX) are higher, too, as a slew of bank giants rise following a revealed $63 billion fund for Broadcom (AVGO) to use Anthropic's technology.
Continue reading for more on today's market, including:
- Put buying could be good news for bulls, says Senior V.P. of Research Todd Salamone.
- Don't count out this software stock just yet.
- Plus, two blue-chip stocks making post-earnings moves; fintech giant beats earnings estimates.
5 Things You Need to Know Today
- The Cboe Option Exchange saw roughly 2.1 million call contracts and 1.2 million put contracts traded on Monday. The single-session equity put/call ratio fell to 0.60, while the 21-day moving average fell to 0.58.
- Coca-Cola Co (NYSE:KO) is down 1.5% before the bell, after the beverage name hiked its full-year outlook for a third-straight quarter and posted a Q3 beat, citing successful international product demand. KO remains within a chip-shot of its Oct. 22 record high of $95.37 and sports a 34% year-to-date lead.
- PayPal Holdings Inc (NASDAQ:PYPL) is off 1.5% in premarket trading, after the fintech name posted a third-quarter earnings beat alongside a revenue miss. The company also raised its full-year forecast. PYPL is down nearly 6% for 2026.
- Boeing Co (NYSE:BA) is 1.8% lower ahead of the open, after the airplane manufacturer posted a mixed third-quarter report. Revenue beat estimates, but the company posted a larger-than-expected loss for the quarter. BA has struggled on the charts of late, most recently trading back near its November annual lows. In 2026, BA has shed 13%.
- October Federal Reserve meeting.
Inflation Data Moves Into Focus in Europe
Asian markets were a mixed bunch Tuesday, though optimism surrounding the Anthropic IPO filing powered the tech sector. The South Korean Kospi finished 3.1% higher after the Korea Exchange activated a buy-side sidecar on the Kospi, temporarily halting program trading. China’s Shanghai fell 1.3%, despite the region’s industrial profits rising 14.4% in September from a year earlier and at their strongest pace since June. Elsewhere, Japan’s Nikkei gained 1.7%, while Hong Kong’s Hang Seng shed 0.7%.
European bourses are trading mostly higher, as traders digest a hotter-than-expected inflation report. In-store inflation rose 2.9% year over year between Oct. 1 and Oct. 7, to its highest reading in over two years. Also, Europe’s HSBC reported third-quarter pretax profit that fell in line with estimates and announced a share buyback of up to $1 billion by the end of 2026, though job cuts are being considered. At last glance, London’s FTSE has shed 0.8%, while France’s CAC is 0.4% higher, and Germany’s DAX is up 0.3%.