Stock Market Today: S&P 500 Falls 0.30% as Tech Slides
The S&P 500 dropped 0.30% and the Nasdaq sank 1.38%, even as small caps gained and defensive sectors advanced.
- The S&P 500 slipped 0.30% to 7,720.39, while the Russell 2000 rose 1.01% to 2,859.22.
- Health Care led all sectors with a 2.40% gain, supported by Eli Lilly's 6.63% rise to $1,373.70.
- Advancing stocks outnumbered decliners 1,179 to 325 across the S&P Composite 1500.
Major Indexes Mixed as Tech Weighs on Markets
US equities closed mixed on Thursday, with large-cap indexes losing ground while small caps advanced. The S&P 500 fell 23.59 points, or 0.30%, to close at 7,720.39, while the tech-heavy Nasdaq Composite dropped 365.12 points, or 1.38%, to finish at 26,184.72. The Dow Jones Industrial Average slid 132.54 points, or 0.25%, to 52,342.56. In contrast, the Russell 2000 gained 28.71 points, or 1.01%, ending the day at 2,859.22.
Health Care and Real Estate Lead Sectors
Nine of the 11 major sectors finished in positive territory despite broad index weakness. Health Care was the top performer, gaining 2.40%, followed by Real Estate with a 2.21% advance. Information Technology and Communication Services lagged the market, retreating 1.18% and 1.87%, respectively.
Market Breadth Shows Broad Underlying Strength
Underlying market breadth across the S&P Composite 1500 was positive, featuring 1,179 advancers compared to 325 decliners. Within the universe, 59.00% of stocks traded above their 50-day moving average and 56.00% were above their 200-day moving average. The index logged 54 new 52-week highs and 17 new 52-week lows.
Notable Individual Stock Moves
Glaukos led percentage gainers, soaring 33.65% to $242.48, while ADT jumped 33.20% to $9.87 on 22.17 times its normal volume. Eli Lilly climbed 6.63% to $1,373.70, touching a new 52-week high after reporting Q3 revenue of $24.4 billion and raising full-year guidance. On the downside, ServiceNow dropped 26.95% to $109.67, and Alphabet Class A lost 12.64% to $283.82.
On Deck for the Next Session
Investors will face a heavy slate of earnings reports before the market opens on Friday, October 30, 2026. Companies scheduled to release quarterly results include ExxonMobil, AbbVie, and Chevron. Additional pre-market reports are expected from General Dynamics, Regeneron Pharmaceuticals, Colgate-Palmolive, Dominion Energy, and Exelon.
Written with AI (Google Gemini) from the closing data in the tables on this page; every figure in the text was checked against that data before publishing. Prices are end-of-day. Not investment advice.