Overview

• Nasdaq rose 0.66% and the S&P 500 gained 0.4% while the Dow slipped 0.04% after a volatile session driven by bank earnings.
• Technology and semiconductor shares stayed under pressure following reciprocal U.S.–China trade measures, with Nvidia sliding 4.4% on Tuesday.
• The VIX saw sharp swings in recent days, including a 31% jump on Friday and further gains Tuesday, signaling heightened uncertainty.
• The Federal Reserve’s Beige Book said economic activity was stable compared with the prior report, and the CPI release is scheduled for October 24.
• Treasury Secretary Scott Bessent said a South Korea trade deal is close, talks with Canada are on track, and Trump’s ties with Xi could help prevent escalation ahead of an expected APEC meeting.