U.S. stocks edged modestly higher pre-market Friday (SPX +0.1%, NDX +0.4%) as tech partially recovered from Thursday’s AI-spending rout, the Nasdaq’s worst day since June. Brent crude rose 0.9% to $114/bbl and the 10-year Treasury yield ticked up to 4.97%. S&P 2026 EPS estimates of $368 imply a 20.8x P/E and 4.8% earnings yield—below Treasuries, an inversion last sustained in the late-1990s. I expect treasury yields to retreat as the Iran war ends. I remain cautious on Tesla (220x 2026 P/E, PEG 5x) amid negative revisions, the continued commoditization of autonomy, and its stretched valuation.
Xtrackers NASDAQ 100 ETF 1C
XND86.3800.48% ( -0.420 )
Xtrackers NASDAQ 100 ETF 1C (XND)
- Open
- 86.210
- High
- 86.700
- Low
- 86.000
- Prev. Close
- 86.800
- Volume
- 17.76K
- Turnover
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- Avg Price
- 86.317
- Bid/Ask Ratio
- -95.04%
- Amplitude
- 0.81%
- 52wk High
- 102.330
- Volume Ratio
- 0.00
- Turnover Ratio
- 0.04%
- 52wk Low
- 86.000
- Float Mkt Cap
- --
- Dividend YieldTTM
- --
- DividendTTM
- --
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- --
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- Total Issued
- 42.59M
- Assets
- 3.68B
- Min lot size
- 1
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News
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Stock Market Today: Dow Jones Futures Rise, Nasdaq 100 Falls as Iran Threatens to Target Undersea Cables — SPCX, NFLX, STLD in Focus
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ADP Jobs, ISM Services Data Will Keep Fed On Hold; S&P 500 Steady
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Nasdaq plunges more than 2%, and these 10 names have fanned the flames
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Stock Market: Will S&P 500 Open Up or Down Today?
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Stock Futures Rise as Investors Focus on Earnings from SpaceX and Other Companies
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Hedge Funds Capitulate, Credit Still Screams... Why Won't Nasdaq Break?
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View moreBullish vs. Bearish — Last 3 Months
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Investors are on pace to pour a record $1.3 trillion into global stock funds in 2026, the biggest annual intake ever, per BofA
That would smash the previous record set in 2021, which came in under $1 trillion, based on EPFR fund flow data in BofA's latest Flow ShowUS equity funds are on a record $636 billion pace, and tech funds are on track for a record $196 billionIn the week through Oct 14 alone, $64.5 billion flowed into stock funds while $53.1 billion left cash fundsNow that money is getting tested. The Nasdaq 100 fell 2.9% on Thursday, its worst day since June 23, and $SOXL dropped 20.5%South Korea's KOSPI is down another 2.6% early FridayRecord inflows mean a lot of fresh money bought in near the highs. Even BofA's Michael Hartnett says he's leaning risk-off for the next 3-4 weeks while the cash keeps pouring in, and days like today show how fast crowded trades can unwindSource: StockMarket.News
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Iran just threatened to strike data centers, AI facilities and undersea internet cables across the Gulf
Mohsen Rezaei, secretary of Iran's Supreme National Security Council, said oil facilities, cables, data centers and AI sites in as many as seven Gulf countries could be hit if the US and Israel attack again, per The GuardianHe told Iran's state-run Press TV that more than $2 trillion of US-linked tech infrastructure in the region could be at risk, per Al Arabiya"We have not yet included these assets among our targets. But if war breaks out, many of these cables, data centers, artificial intelligence facilities, and numerous other sites will be destroyed," Rezaei saidUS media report a target list for a new joint US-Israel strike has been drawn up for after the November 3 midterms, per The GuardianBrent crude is up 3.3% to about $113 a barrel today and the Nasdaq 100 is down 3.5%, per Yahoo Finance dataUS tech giants have spent the past year pitching the Gulf as the next AI hub, built on cheap power and sovereign money. Tehran is now openly naming that buildout as a target, which adds a war-risk premium to an AI trade the market is already questioningSource: StockMarket.News