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Nasdaq 26,478 Β· SK Hynix warns chip supply constraints extend through 2030 ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #91 Β· Wednesday, October 28, 2026
Volatility (VIX)  Cautious Β· 17.5  β–Ό from 17.5 yesterday
Worth noting  Tesla (TSLA) moved +4.04% on the day.
Stocks edged higher as investors weighed AI spending trends and potential inflation pressures ahead of economic data.
 
 

●  The Numbers

S&P 5007,722.60  +0.60%
+0.13% this week
Nasdaq Composite26,477.81  +1.18%
+0.20% this week
Dow Jones52,377.57  +0.03%
-0.23% this week
Russell 20002,818.87  +1.16%
+1.64% this week

Before the bell: see how Asia, Europe & US futures traded overnight →

●  The Movers

Leaders

TSLA Tesla+4.04%
AMZN Amazon+1.61%
GOOGL Alphabet+1.19%

Laggards

META Meta-1.64%
MSFT Microsoft-0.24%
^DJI Dow Jones+0.03%

The day's best and worst of the tracked indices and mega-caps Β· day-over-day change.

●  The Read

S&P 500 β€” description, not prediction

Trading above both its 50-day (7,697.01) and 200-day (7,298.87) averages β€” the longer-term trend reads as up. 30-day range 7,551.81–7,818.93; currently in the middle third of that range. RSI(14) 44 β€” momentum weak.

See where every market sits on the daily page β†’

●  The Brief

 SK Hynix warns chip supply constraints extend through 2030

South Korea's memory-chip maker reported solid earnings but signaled supply shortages will persist, affecting AI infrastructure buildout and tech company planning timelines. (MarketWatch)

 Google expands AI chip sales beyond its own cloud platform

Google is opening its custom TPU chip business to outside partners, signaling a major strategic shift in how it monetizes artificial intelligence hardware. (CNBC)

 Tariff refund phase-out may reignite inflation pressures soon

Companies that used tariff refunds to absorb cost pressures will increasingly pass higher expenses to consumers, creating potential inflation headwind. (MarketWatch)

 Stellantis reports $4.5 billion cash drain in third quarter

European automaker Stellantis posted significant cash burn amid ongoing restructuring, raising questions about execution of its turnaround strategy. (CNBC)

Partner

The charts we read every morning

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Markets 101

What is the Russell 2000?

An index of about 2,000 smaller US companies. Because small-caps are more sensitive to the domestic economy, it's watched as a read on broader business conditions.

β€œMarkets are a description of today, not a forecast of tomorrow.”

Stock Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Stocks carry risk β€” you can lose money, and past performance does not predict future results. Some links may be affiliate links; we may earn a commission at no cost to you. Prices via Yahoo Finance, captured shortly before the opening bell.

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