North Shore Notes · by Kaiyu
中

Daily Brief

October 2026

18 briefs from October 1, 2026 - October 29, 2026.

Alphabet falls over 12%; Fed holds rates with two votes for a hike

Technology shares weigh on US stocks as Alphabet slumps while Meta and Vertiv rise. The Fed holds rates with two hawkish dissents, US jobless claims fall, and Canadian payroll employment declines.

Alphabet (GOOG): -12.13%US federal funds target range: 3.75% to 4.00%US initial jobless claims: 194,000Canadian payroll employment: -49,600

Vertiv jumps over 13%, oil rebounds and Canada raises rates

U.S. equities edge higher intraday as Vertiv and selected chipmakers lead, while platforms and power producers diverge. WTI climbs above $103 and the Bank of Canada raises rates by 25 basis points amid inflation and growth pressures.

Vertiv: +13.23%Canada overnight rate target: 2.50%WTI continuous futures: US$103.27/barrelWeekly U.S. commercial crude inventory change: -1.9 million barrels

AMD details Meta deployments as Dell leads gains and oil stocks retreat

Chips and data-center equipment lead intraday gains. AMD says Meta has tested Helios systems and plans to invest in its equity offering, while Meta and oil stocks fall as the Fed's two-day meeting begins.

Semiconductor ETF SMH: +2.9%AMD's planned investment in Meta's equity offering: $1 billionDell: +8.44%WTI continuous futures: $99.97/barrel

Chips rebound, Tesla gains nearly 6%, and Canada tariff list changes again

US stocks recover intraday, with chips and equipment ahead of platforms and power companies; Tesla and Netflix diverge, the US revises its 50% Canada tariff list, and Anthropic says it filed for an IPO.

Semiconductor ETF SMH: +2.8%Tesla: +5.95%Additional tariff on listed Canadian products: 50%WTI continuous futures: US$102.01/barrel

Chip and power stocks tumble despite Nvidia's capacity plans

AI infrastructure stocks lead an intraday US decline as long Treasuries rise; Nvidia plans supply-chain expansion, Tesla's operating profit falls on flat revenue, and US weekly earnings lag inflation.

Semiconductor ETF SMH: -5.5%Vistra: -9.52%Tesla operating income: USD 718 millionUS median usual weekly earnings: +1.5%

US stocks and long bonds rise as oil falls and Strategy rebounds nearly 7%

US stocks rise intraday with divisions across technology, while oil and energy stocks fall; Strategy outpaces bitcoin and September state employment changes are limited.

S&P 500 ETF VOO: +0.6%Continuous WTI futures: -2.5%Strategy (MSTR): +6.98%US unemployment rate: 4.2%

Chips rebound as power stocks fall; gasoline lifts Canadian inflation

Chips and Amazon lead US stocks higher intraday while power producers fall; Canadian September CPI rises to 3.1% year over year, but inflation excluding gasoline slows.

Semiconductor ETF SMH: +2.8%Amazon: +5.18%Canadian CPI: +3.1%NRG Energy: -4.74%

Chip stocks remain under pressure as import prices accelerate and oil inventories diverge

Technology trails and energy stocks rise in intraday US trading. September import prices increased 1.1% and industrial production rose 0.7%; EIA data show a large crude draw alongside mixed gasoline and demand readings.

Semiconductor ETF SMH: -2.0%US import prices: +1.1%US commercial crude inventories: -8.6 million barrelsStrategy (MSTR): -6.41%

PPI accelerates and long bonds rise as strong TSMC results fail to halt chip losses

US September PPI rose 1.3% month over month, yet long-duration Treasury ETFs advanced; chips and equipment fell despite strong TSMC revenue and Q4 guidance, while the Nikkei closed down 4.9%.

US final-demand PPI: +1.3%Semiconductor ETF SMH: -2.5%TSMC Q4 revenue guidance: US$52.3–54.3bnNikkei 225: 64,425.95 / -4.90%

Gasoline lifts US inflation as AI equipment and power stocks fall further

September US CPI rose 0.6% month over month, with gasoline contributing more than half; stocks fell at midday while energy gained, and catalysts for steep declines in Dell and power companies remain unconfirmed.

US headline CPI: +0.6%Semiconductor ETF SMH: -3.0%Dell: -10.50%WTI continuous futures: $95.17 / +1.1%

Chips fall further as energy gains; IMF flags AI financing and growth risks

Technology platforms and chips diverge again as the IMF slightly raises its global growth forecast while warning about AI financing and energy transport disruptions; Japanese producer inflation slows.

Semiconductor ETF SMH: -2.0%WTI continuous futures: $94.22 / +0.5%IMF global growth forecast: 3.1%Japan producer prices: +6.8%

US stocks rebound while chips fall, with OpenAI revenue and inflation expectations in focus

Technology platforms outperform chips, Trump's comments ease early oil prices, and storm shutdowns expand; US consumer sentiment falls and Canadian employment declines for a second month.

S&P 500 ETF VOO: +0.6%OpenAI annualized revenue: Just under US$50BUS consumer sentiment: 46.3Canadian employment change: -68,000

Oil surges and chips fall as AI demand grows alongside financing pressure

Shipping attacks and a Gulf storm lift oil and energy stocks; the Fed still favors further tightening, Samsung's profit surge fails to lift chips broadly, and Bitcoin ETFs record large outflows.

WTI continuous futures: $92.91 / +5.2%Samsung Q3 operating profit guidance: KRW 107.4 trillionUS initial jobless claims: 197,000US spot Bitcoin ETF net flows: -$484.9M

Stocks and bonds retreat as the dollar rises; oil shipping risks and AI divergence persist

Attacks in Hormuz intensify while reserve-release details remain unsettled; stocks and long Treasuries fall intraday, nuclear power and chip stocks diverge, and bitcoin slips below $84,000.

S&P 500 ETF VOO: -0.5%U.S. Dollar Index: 102.33U.S. distillate inventories: 12% below five-year averageBitcoin: $83,288

Nuclear deals lift power stocks as US equities and long bonds rise

Google signs long-term nuclear agreements with Constellation and Vistra receives a conditional loan commitment; chips diverge, service-sector costs rise, and Saudi pipeline recovery coexists with shipping and Russian refinery risks.

S&P 500 ETF VOO: +0.7%Constellation Energy: +14.89%Google-backed nuclear expansion: 890 MWISM services prices index: 74.0

Stocks edge higher, power producers lead; reserve releases weigh on oil as long bonds fall

US services keep expanding, but lower near-term rate-hike expectations fail to lift long bonds. Vistra financing reports support power stocks while reserve releases, Middle East risks, European fiscal strains and AI liability questions shape the news.

S&P 500 ETF VOO: +0.5%US ISM Services PMI: 54.9Vistra: +4.39%G7 reserve-release arrangement: 100 million barrels

Slower hiring lifts stocks; oil falls while diesel supplies remain tight

U.S. September payrolls rose by just 29,000 as chips led a midday stock advance. Europe debated diesel reserve releases, Tesla deliveries beat expectations, and AI liability proposals advanced alongside IPO preparations.

U.S. September nonfarm payrolls: +29,000SMH semiconductor ETF: +2.7%WTI continuous futures: $90.97Tesla third-quarter deliveries: 486,532

Oil and dollar rise as U.S. stocks soften and AI results meet mixed reactions

U.S. manufacturing expansion slows slightly while input prices accelerate; Micron's strong results fail to lift its stock, a nuclear power contract supports Constellation, and Japan's rally is concentrated in technology.

S&P 500 ETF VOO: -0.2%U.S. ISM manufacturing prices index: 77.9Micron next-quarter revenue guidance midpoint: $61.5BNikkei 225: +3.30%