Morning Preview: October 16, 2026

Early Look

Friday, October 16, 2026

U.S. stock futures are mixed after a strong rebound on Thursday, as technology stocks looked to extend their recovery after a difficult week. S&P futures are up/Nasdaq futures down slightly after rising yesterday as a pullback in artificial intelligence-related stocks has weighed on the broader market this week due to concerns of higher borrowing costs amid surging Treasury yields. However, yields tumbled on Thursday despite hotter PPI/CPI inflation data the last two days, giving a reprieve to the selling pressure seen the early part of the week. In tech news, Anthropic’s anticipated $2T valuation ahead of a planned November IPO is facing investor resistance, with some reportedly considering a valuation closer to $1.5T, Reuters reported. Also, semis have been weak as the iShares Semiconductor ETF (SOXX) fell for an eighth consecutive session on Thursday, marking its longest such streak since September 2015. The fund closed at $514.71, down 12.6% from its Oct. 2 close of $588.90. In Asian markets, The Nikkei Index advanced 898 points or 1.39% to 65,324 after tumbling more than -4% the day prior, the Shanghai Index gained 8 points to 3,716, and the Hang Seng Index climbed 124 points to 24,186. The Korean Kospi rose 2% or 17 points to 878. In Europe, the German DAX is up 285 points to 25,668, while the FTSE 100 is up 14 points to 10,854. The U.S. dollar fell after Fed Chair Kevin Warsh-by saying very little-helped bolster market expectations that the Fed will stand pat at its October meeting. On the economic calendar, we get import and export prices and industrial production data.

• The Dow Jones Industrial Average rose 556.21 points, or 1.08%, to 52,177.69
• The Nasdaq Composite gained 20.16 points, or 0.08%, to 26,713.03
• The Russell 2000 Index advanced 37.75 points, or 1.38% to 2,767.28

• International Seaways (INSW) has agreed to buy Bruton in a series of transactions that values its smaller peer at about $370 million. International Seaways said the acquisition would add Bruton’s four very large crude carrier, or VLCC, vessels, to its fleet of roughly 70 vessels that provide seaborne transportation services for crude oil and refined petroleum products.
• JB Hunt (JBHT) Q2 EPS $1.82 vs. est. $1.86; Q3 revs rose 20% y/y to $3.68B vs. est. $3.59B; Q3 net income $172.4M vs. est. $184.9M; said rev increase primarily driven by an 8% increase in Intermodal loads, a 27% increase in Integrated Capacity Solutions revenue per load, excluding fuel surcharge revenue, and a 29% increase in Truckload revenue per load, excluding fuel surcharge revenue, partially offset by a 10% decline in Final Mile Services stops.
• JinkoSolar’s (JKS) Jiangxi Jinko estimates a preliminary unaudited net loss attributable to shareholders of RMB2.98B to RMB3.58B for the nine months ended September 30, 2026. Excluding extraordinary gains and losses, the subsidiary estimates a net loss of RMB3.81B to RMB4.41B for the period, according to the company’s October 16 announcement.

• Citizens Financial (CFG) Q3 EPS $1.41 vs. consensus $1.39 and revs $2.32B vs. est. $2.34B; raises quarterly dividend 13%, increases share buyback plan to $1.95B, an increase of $1.3B above the $650M of capacity currently remaining; Q3 net interest margin 3.19% vs. 3.00% last year.
• Cohen & Steers (CNS) Q3 adj EPS $0.89 vs est $0.89 on adj Revs $156.4Mm vs est $155.11Mm; AUM 95.9B; adj Outperform mgn 37.2%.
• Independent Bancorp (INDB) Q3 adj. EPS $1.90 vs. est. $1.84, +23% YoY and +12% QoQ; net interest Income $220.7Mm vs est $218.19Mm, +9% YoY and +5% QoQ; adj. NIM 3.76%, flat QoQ; provision for credit losses $6.5Mm vs. $38.5Mm YoY and $6.3Mm QoQ, including a specific reserve on an Office real estate loan; net charge-offs 0.02% annualized; nonperforming loans 0.68% of loans vs. 0.56% QoQ; loans $18.55B, +0.5% YoY and +0.9% QoQ.
• Interactive Brokers (IBKR) Q3 adj EPS $0.67 vs est $0.68 on NII $1.154B vs est $1.128B and revs $1.914B vs est $1.888B; raises dividend to $0.15; Q3 Net interest income +19% y/y to $1.15B, primarily on higher average customer margin loans and credit balances; Q3 customer accounts grew 35% y/y to 5,576,000, while customer margin loans jumped 36% to $105.2B.
• Simmons First National (SFNC) Q3 adj. EPS $0.54 vs. est. $0.54, +17% YoY and +8% QoQ, excluding $0.22 of after-tax items tied to branch rightsizing, severance, professional services and accelerated prepaid expenses; net interest Income $204.0Mm vs est $205.67Mm, +9% YoY and +7% annualized QoQ; NIM 3.92%, +42 bps YoY and +8 bps QoQ; loan yield 6.20%, +5 bps QoQ; deposit cost 1.85%, -8 bps QoQ; provision for credit losses $12.2Mm vs. $17.4Mm QoQ and $15.2Mm YoY.
• Truist’s (TFC) Q3 EPS $1.16 vs. est. $1.21, and Q3 revs were $5.3B vs. est. $5.36B; securities losses totaled $1.45B; Q3 credit losses swung to a $253 million benefit from a provision a year earlier, driven by the RAC loan sale’s reserve release.

• MDxHealth (MDXH) preliminary Q3 revenue $22.7M, below consensus $24.55M saying experienced unexpected turnover within our sales force catalyzed by aggressive targeting from recruiters; suspends FY26 revenue guidance of $110M-$115M.
• Roche Holding (RHHBY) said it received approval from the U.S. FDA to market its Enspryng drug as a treatment for rare autoimmune condition thyroid eye disease in adults; said this marks the second indication in the U.S. for Enspryng, which was already authorized in 2020 for autoimmune disease neuromyelitis optica spectrum disorder.

• The iShares Semiconductor ETF (SOXX) fell for an eighth consecutive session on Thursday, marking its longest such streak since September 2015. The fund closed at $514.71, down 12.6% from its Oct. 2 close of $588.90.
• Netflix (NFLX) said that former Disney (DIS) executive Peter Rice will succeed Bela Bajaria as chief content officer, effective Oct. 26. Rice most recently oversaw Disney’s cable channels, news programming, and coverage of major sporting events.
• Taiwan reportedly plans to raise billions of dollars to develop industrial parks in the US that would build a base for a comprehensive supply chain for Nvidia Corp. (NVDA) and other AI hardware makers in the country. The initiative is starting with a complex in Texas that would cost as much as $4B to build, Bloomberg reported, citing Taiwan’s Minister of Economic Affairs.
• Varonis (VRNS) to be acquired by Proofpoint in a $6.3B transaction as shareholders to receive $49.75 per share in cash; until deal closes, Proofpoint & Varonis will continue to operate as separate and Independent companies