Palantir, Datadog and chip stocks bounce back as Amazon lifts Wall Street
Amazon climbed 5%, recovering last week's losses after Morgan Stanley named the company a top pick, while Palantir and Datadog each jumped more than 4%, the latter after a Bernstein upgrade citing stronger AI-related demand. Western Digital and Sandisk led a storage rally and more than nine in ten semiconductor names in Yahoo Finance's watchlists advanced, even as nearly two-thirds of S&P 500 stocks fell. Yahoo Finance
Oil Prices Hover Near Five-Month High
December Brent fell 0.3% to settle at $109.55, while November WTI gained 2.2% to $103.66 ahead of its Tuesday expiry and the more-active December contract fell 0.5% to $98.54. Iran said it has to assert control over the Strait of Hormuz, though flows have held up so far, while trend-following advisers at maximum long positions and loosening physical markets, with Dated Brent down sharply last week, limited further buying. Bloomberg
| Asset | Close | Chg | % |
|---|---|---|---|
| S&P 500^GSPC | 7,690.73 | +31.29 | +0.41% |
| Nasdaq Composite^IXIC | 26,430.89 | +290.86 | +1.11% |
| Dow Jones^DJI | 51,966.03 | -36.38 | -0.07% |
| CBOE Volatility Index^VIX | 18.44 | -1.55 | -7.75% |
| U.S. Dollar IndexDXY · 4:00 PM ET | 102.00 | +0.21 | +0.21% |
| Brent CrudeICE Dec '26 · 2:30 PM ET settle | $109.55 | -$0.31 | -0.28% |
| WTI CrudeNYMEX Nov '26 · 2:30 PM ET settle | $103.66 | +$2.25 | +2.22% |
| GoldCOMEX Dec '26 · 1:30 PM ET | $4,160.10 | -$20.90 | -0.50% |
| Tenor | Close | Chg | % |
|---|---|---|---|
| 1-MonthT-bill | 4.11% | -1bp | -0.24% |
| 3-MonthT-bill | 4.27% | +1bp | +0.23% |
| 6-MonthT-bill | 4.37% | +3bp | +0.69% |
| 1-YearT-note | 4.50% | +4bp | +0.90% |
| 2-YearT-note | 4.77% | +3bp | +0.63% |
| 5-YearT-note | 4.94% | +5bp | +1.02% |
| 10-YearT-note | 5.15% | +6bp | +1.18% |
| 30-YearT-bond | 5.48% | +5bp | +0.92% |
Technology rebounded from last week's sell-off on narrow breadth: the Nasdaq Composite rose 290.86 points, or 1.11%, to 26,430.89 and the S&P 500 0.41% to 7,690.73, while the Dow slipped 36.38 points, or 0.07%, to 51,966.03. The VIX fell 1.55 to 18.44. Consumer Discretionary (+1.78%) and Technology (+1.36%) led, but only three of 11 sectors closed higher, with Utilities (-2.01%), Real Estate (-1.16%) and Financials (-0.83%) the weakest. Western Digital (+6.09%), Sandisk (+5.53%), Datadog (+5.36%), Twilio (+5.29%) and Amazon (+4.98%) led S&P 500 gainers, while Mosaic (-4.78%), NRG Energy (-4.21%), Ameriprise Financial (-4.07%), Eversource Energy (-3.55%) and Honeywell Aerospace (-3.33%) were the weakest names.
Crude diverged across benchmarks: December Brent settled 0.28% lower at $109.55, while November WTI rose 2.22% to $103.66 a day ahead of its expiry, narrowing the Brent-WTI spread to $5.89 from $8.45. Treasury coupon yields rose, with the 2-year up 3bp to 4.77%, the 10-year up 6bp to 5.15% and the 30-year up 5bp to 5.48%, steepening 2s10s to 38bp from 35bp. The dollar firmed (DXY 102.00, +0.21) and gold fell 0.50% to $4,160.10 (1:30 PM ET print).
The Fed is in its pre-meeting quiet period ahead of the October 27-28 FOMC, leaving data, earnings and crude to set direction. September housing starts and building permits follow Tuesday at 8:30 AM ET, alongside state employment at 10:00 AM ET, the same day November WTI expires. Third-quarter usual weekly earnings follow Wednesday at 10:00 AM ET, weekly jobless claims Thursday at 8:30 AM ET, and the final October University of Michigan consumer survey Friday at 10:00 AM ET.