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Market Anatomy, Thursday, October 29, 2026

Published Oct 29, 2026, 4:20 PM ET

Market Anatomy, Thursday, October 29, 2026

On October 29, 4 of the 8 tracked indices were above their 50-day average. Servicenow fell 26.9%, Alphabet Inc. fell 12.6%, Eli Lilly & rose 6.6% and Coreweave fell 5.0%, the biggest moves with a cause on record.

Market Anatomy as drawn for the share card of Thursday, October 29, 2026. The same picture is on its share card.

Today's standout, the names around it and how it sits against the market. Tap a name, a sector or an index to move.

Today's relationship

Servicenow

Servicenow made the largest move with a cause on record.

Servicenow

NOW · close 109.67

0.23%
-26.95%1d
Servicenow, stored closes
  • Servicenow-5.3%

Stored daily closes.

Nearest connections

Stored cause

2026-10-29: ServiceNow Shares Plunge 24% After Weak Third-Quarter Results Revive AI Fears

Index membership

In the S&P 500 (holdings file dated 2026-10-28): weight 0.23%, rank 76 of 503.

Sector

Technology. From the S&P 500 holdings file dated 2026-10-28. The Technology fund moved -1.18%, 10 of 11 sectors.

Movers in the same sector

Same sector, same session, not a measured link.

Against the market

Servicenow moved -26.95% on the session, 26.65 points behind the S&P 500.

Its sector

Largest Technology names in the S&P 500, file dated 2026-10-28

  • AVGOBroadcomweight only2.51% of the S&P 500

Indices

Weights, ranks and sectors come from the stored holdings files: S&P 500 (dated 2026-10-28), Dow 30 (dated 2026-10-28), S&P MidCap 400 (dated 2026-10-28), S&P SmallCap 600 (dated 2026-10-28). A sector taken from the SEC SIC code is mapped by us and says so beside it.

The day's board

Market participation

50%

4 of 8 tracked indices above their 50-day average

Counted over ^GSPC, ^IXIC, ^DJI, ^RUT, ^FTSE, ^N225, ^GDAXI, 000001.SS. This is a reading across whole market indices, not a count of the companies inside any one of them.

Today's movers

Sectors, one session

Each bar is scaled against the widest move of the day. Tap a sector to see its largest names.

Key takeaways

  1. 1

    The S&P 500 fell 0.30% while the equal weight fund rose 1.20%, a gap of 1.51 points. The index lagged the average constituent, reversing the pattern from last time when the index had outpaced it.

  2. 2

    Russell 2000 rose 1.01% while the Nasdaq fell 1.38%, so small caps and tech-heavy large caps moved apart. Only 4 of 8 tracked indices sit above their 50-day average, up from 3 last time.

  3. 3

    Health Care rose 2.40% while Communication Services fell 1.87%, a spread of 4.27 points. Technology also fell 1.18%, and nine of eleven sectors rose.

  4. 4

    ServiceNow fell 26.95% against a 1.18% fall for XLK, and Alphabet fell 12.64% against 1.87% for XLC. Both moves were far larger than their sector funds, and each has a stored news cause.

The full day: index block, sentiment, every mover and the open questions
7,720.39 -0.30%1d

Capitalisation weighted, so a move in the largest companies moves it more than a move in the smallest.

the last 40 stored closes, scaled to their own range
26,184.72 -1.38%1d

Every Nasdaq listing, weighted by capitalisation and heavy in technology.

52,342.56 -0.25%1d

Thirty names weighted by price rather than by capitalisation, so it can disagree with the S&P for arithmetic reasons alone.

2,859.22 +1.01%1d

Small capitalisation names. Read against the S&P, it is the size half of how broad a day was.

220.04 +1.20%1d

The same five hundred companies weighted equally, so the largest names count no more than the smallest. Read against the cap-weighted index, the gap is how much of the day belonged to the biggest companies.

Cap weight against equal weight-1.51pp

The equal-weighted index outran the cap-weighted one, so the session was broader than the headline index makes it look.

Sentiment

Sentiment composite
38 -3.06%1d

This system's own composite of up to seven stored inputs, 0 (extreme fear) to 100 (extreme greed), computed after each close; not CNN's index (work item #699). Context for whether sentiment confirms the tape or contradicts it.

17.20 +1.71%1d

Expected thirty day volatility from S&P 500 options. Rising with the index is the contradiction worth seeing.

Open questions

  • Why did Marvell Technology fall?-13.24%
    Read for this move: the stored stories naming Marvell Technology, its filings and corporate actions, over the 7 days to 2026-10-29.
  • Why did Caterpillar fall?-9.25%
    Read for this move: the stored stories naming Caterpillar, its filings and corporate actions, over the 7 days to 2026-10-29.
  • Why did Iren fall?-8.98%
    Read for this move: the stored stories naming Iren, its filings and corporate actions, over the 7 days to 2026-10-29.
  • What is driving Jetblue Airways?+7.02%
    Read for this move: 1 stored story naming Jetblue Airways, its filings and corporate actions, over the 7 days to 2026-10-29.

Built in code from the movers whose evidence did not resolve, so no written summary can shorten this list.

Today's key movers

-13.24%
MRVL 218.34
12.1 pts behind XLK

Read for this move: the stored stories naming Marvell Technology, its filings and corporate actions, over the 7 days to 2026-10-29.

Moved 13.2%, at or above the 3% floor for this strip

-9.25%
CAT 647.39
10.2 pts behind XLI

Read for this move: the stored stories naming Caterpillar, its filings and corporate actions, over the 7 days to 2026-10-29.

Moved 9.3%, at or above the 3% floor for this strip

-8.98%
IREN 26.25
5th of 7 on the strip

Read for this move: the stored stories naming Iren, its filings and corporate actions, over the 7 days to 2026-10-29.

Moved 9.0%, at or above the 3% floor for this strip

+7.02%
JBLU 3.05
6.0 pts ahead of XLI

Read for this move: 1 stored story naming Jetblue Airways, its filings and corporate actions, over the 7 days to 2026-10-29.

Moved 7.0%, at or above the 3% floor for this strip