Monday started in poor moods and it only got worse from there. Weekend COVID statistics were backed by action today as Spain introduced the state of emergency, signaling what might occur elsewhere as well. DE30 is tumbling heavily (3.5% already!) as SAP trimmed revenue outlook citing pandemic as a reason. US indices help up fairly well for a while but seem to be bending under pressure eventually. Crucially, US100 has just broken the key support at 11550 and the next support line is at a distant 10670. Keep in mind that all top4 tech companies will publish reports on Thursday (make sure to follow the “News” section for details).

Daily Summary: Valuations Under Pressure, Capital Moves Away From Technology
US OPEN: Earnings misses and rising oil push indexes lower
Market Wrap: "Decent" results are not enough – tech stocks fall further; oil highest since May (22.10.2026)
Lam Research: Strong Numbers, Limited Upside Surprise