Vancouver, British Columbia, October 23, 2026 /PRNewswire/ — According to Stock Preachers market commentary, U.S. equities delivered mixed results at the close of a volatile earnings week: the Dow Jones Industrial Average rose 0.64%, and the Russell 2000 gained 2.07%; the Nasdaq Composite fell 0.45%, and the S&P 500 declined 0.22%. As traders processed the Q3 earnings surge, the VIX climbed to 19.40 and the VXN rose to 28.13. Gold dropped 3.47% this week, silver fell 4.90%, while WTI crude oil surged 3.74% on Thursday alone. The yield on the 10-year U.S. Treasury note declined 11 basis points to 4.99%.
This week, major market benchmarks showed clear divergence. The Dow Jones Industrial Average closed at 52,337.54, rising 0.64% for the week despite a 1% decline on Friday. The S&P 500 closed at 7,642.22, falling 0.22% for the week after reaching a weekly high of 7,770.40. The Nasdaq Composite closed at 26,022.45, declining 0.45% for the week, primarily weighed down by weak performance among major tech stocks following their earnings reports.
The Russell 2000 Index performed the strongest, closing at 2,777.63, up 2.07% for the week. Outperforming large-cap peers, the index benefited from investor rotation into smaller-cap stocks. RSI data shows the Nasdaq at 38.9 and the S&P 500 at 43.5, both in a relatively cooled range; the Dow Jones RSI stood at 54.1, reflecting its relative strength this week.
Heading into the weekend, volatility increased, with the VIX rising 0.96 points this week to 19.40 and the VXN climbing a full point to 28.13. In commodities, natural gas surged 8.66% on Thursday alone, though it still ended the week down 0.65%; copper prices rose 2.44% in a single day. The dollar strengthened slightly against the euro, with EUR/USD falling 0.24% this week to 1.12.
This comprehensive report also breaks down key support and resistance levels for each index, other individual stocks driven by earnings reports, and market sentiment ahead of next week’s trading session.
The article then lists other industry developments in this week's market:
Meta Platforms, Inc. (Nasdaq: META) reported third-quarter revenue of $64.6 billion, a 26% year-over-year increase, but net income of $9.86 billion was impacted by a $9.89 billion charge related to an agreement with 52 state attorneys general over lawsuits concerning teen mental health and social media. Diluted earnings per share came in at $3.83, up 265% year-over-year; excluding the litigation charge, earnings per share would have been $7.40.
The operating profit margin declined from 40% in the same period last year to 20%, as costs and expenses increased by 68% to $51.61 billion. Total capital expenditures, including lease payments, amounted to $34.91 billion, resulting in negative free cash flow of $2.12 billion for the quarter.
Meta’s founder and CEO Mark Zuckerberg said, “This quarter, we achieved a major milestone in delivering personal superintelligence for everyone—with the launch of Muse and Muse Wonder, our first frontier models. Our investments are paying off, our core business remains strong, and all lines are accelerating.” The company expects fourth-quarter revenue to range between $73 billion and $76 billion and has raised its full-year 2026 total expense guidance to $175 billion to $179 billion.
Texas Instruments Incorporated (Nasdaq: TXN) reported third-quarter revenue of $6.06 billion, a 28% year-over-year increase; net profit of $2.43 billion, or $2.62 per share. Operating profit rose 73% to $2.87 billion, with revenue increasing 11% sequentially.
Haviv Ilan, Chairman, President, and CEO of Texas Instruments, said: "Revenue increased 11% sequentially and 28% year-over-year, driven by sustained broad growth across industrial, automotive, and data center markets." Operating cash flow over the past 12 months was $9.9 billion, and free cash flow was $8.4 billion.
Over the past 12 months, the company returned $5.8 billion to shareholders and expects fourth-quarter revenue to range between $5.80 billion and $6.30 billion, with earnings per share projected at $2.45 to $2.79.
RTX (NYSE: RTX) reported third-quarter sales of $25 billion, an 11% year-over-year increase, or 12% on an organic basis; adjusted EPS of $2.26, up 33% year-over-year. GAAP EPS was $1.89. Operating cash flow was $2.9 billion, and free cash flow was $2.1 billion, including $0.25 per share in IEPPA cost recovery.
Following the acquisition of over $81 billion in new orders, including contracts for Tomahawk missiles and multi-year production of AMRAAM, the company’s backlog reached a record $340 billion, comprising $176 billion in commercial business and $164 billion in defense business.
RTX Chairman and CEO Chris Calio said, "Strong execution and operational focus in the third quarter enabled RTX to achieve double-digit organic sales growth in both commercial aerospace and defense." The company raised its full-year adjusted earnings per share guidance to $7.65 to $7.75 and increased its adjusted sales guidance to $97 billion to $97.5 billion.
IBM (NYSE: IBM) reported third-quarter revenue of $17.1 billion, representing a 5% increase on a reported basis and a 6% increase on a constant currency basis. Software revenue increased by 8%, while infrastructure revenue grew by 4%. GAAP diluted earnings per share were $2.31, up 26% year-over-year; non-GAAP operating earnings per share were $2.95, up 11% year-over-year.
The company generated net cash from operating activities of $4 billion this quarter, with free cash flow of $3 billion, an increase of $700 million year-over-year. Year to date, free cash flow has reached $7.8 billion.
Arvind Krishna, Chairman, President, and CEO of IBM, said: "Rigorous execution throughout the quarter drove accelerated revenue growth and strong free cash flow." IBM now expects full-year free cash flow to increase by more than $1 billion year-over-year, while maintaining its revenue growth guidance of 4% to 5% at constant currency.
First Citizens BancShares, Inc. (Nasdaq: FCNCA) reported third-quarter net income of $606 million, below $672 million in the prior corresponding quarter. Net income attributable to common shareholders was $577 million, or $51.23 per common share, a decrease of $63 million from $640 million in the prior quarter.
Net interest income increased to $1.7 billion, up $43 million from the prior linked quarter; net interest margin declined 3 basis points to 3.07%. The company completed the acquisition of BMO branch assets on September 4, 2026, assuming approximately $4.9 billion in deposits and acquiring approximately $650 million in loans.
Chairman and CEO Frank B. Holding, Jr. said, “We returned $6 billion to shareholders through share repurchases and further optimized our balance sheet by repaying an additional $8 billion in purchase notes.” The board has approved a new repurchase program authorizing the repurchase of up to $1.2 billion in Class A common stock through 2027.
This article is described as market commentary, not a paid advertisement. It was published by Stock Preachers, which is wholly owned and operated by Market Equities Limited (MEL), incorporated in Ireland. The article states that this is an independent market commentary published without payment; MEL did not receive any fees from any companies mentioned in the article for its creation or distribution, nor has it entered into any advertising or digital media agreements with any of these companies. The companies mentioned in the article have not reviewed or approved it.
The article also discloses that Market Equities, along with its owners, operators, directors, and affiliated parties, may from time to time hold positions in the securities mentioned herein or in broad market index funds that track these securities, and reserves the right to buy, sell, or hold such securities at any time without prior notice. The information in this article is sourced from what are considered reliable sources, including company press releases and public market data, but its accuracy is not guaranteed. Market data is current as of the time stated in the article and may be delayed. Some commentary was generated using automated tools based on relevant data and has been reviewed accordingly.
Investing in securities involves risks, including the potential loss of some or all of your investment. Technical analysis describes past price and volume behavior and does not predict future results; support and resistance levels may fail at any time. References to companies in this text are provided solely for market and industry context and as summaries of their respective public press releases; they do not imply any partnership, affiliation, or endorsement, nor do they constitute a recommendation to buy, sell, or hold any securities. Quotes attributed to company executives are reproduced verbatim from their respective company press releases.
Forward-looking statements: This document may contain forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements made by the companies mentioned in their press releases. Such statements involve risks and uncertainties, and actual results may differ materially. Readers are advised to review the filings made by each company with the U.S. Securities and Exchange Commission and applicable Canadian securities regulators.
The article also states that Eagle Eye is an investment signals intelligence platform associated with the publisher of this article. Eagle Eye is not a broker-dealer, and any content it provides does not constitute investment advice. Data may be delayed, and readers should conduct their own research.