Alphabet's loss after its results has deepened to 12.2% since the open

Alphabet is down 12.2% after the company reported quarterly results on Wednesday (8-K Item 2.02). It was down 11.1% premarket, so the move has extended since the open. That is 11.8 points behind SPY (−0.4%). SPY is down 0.4% and QQQ down 1.4% at 12:31 PM ET. Health Care (+2.1%) leads the sector funds and Communication Services (−1.7%) trails them. The premarket direction is holding: SPY was down 0.4% at 8:15 AM ET. 160 of the 224 large companies Blockhaven tracks are higher and 64 lower. Of the Morning's 4 tests, 2 are holding so far and 2 are now measured. After the close, Amazon, Intel, Gilead Sciences, and Starbucks are listed to report.

SPY is down 0.4% and QQQ down 1.4% at 12:31 PM ET versus the prior close. IWM is up 1.2%.

Sector funds range from Health Care (+2.1%) to Communication Services (−1.7%); 8 of 11 are higher.

Leaders: Health Care (XLV) +2.1%; Real Estate (XLRE) +1.9%; Utilities (XLU) +1.6%.

Laggards: Communication Services (XLC) −1.7%; Technology (XLK) −1.3%; Energy (XLE) −0.1%.

160 of the 224 large companies Blockhaven tracks are higher and 64 lower. This is not market-wide breadth.

• GOOGL Alphabet is down 12.2% after the company reported quarterly results on Wednesday (8-K Item 2.02). It was down 11.1% premarket, so the move has extended since the open. That is 11.8 points behind SPY (−0.4%).
• NOW ServiceNow is down 25.6% after the company reported quarterly results on Wednesday (8-K Item 2.02). It was down 18.8% premarket, so the move has extended since the open. Its Q3 FY2026 results show gross margin narrowing to 70.5%. That is 24.3 points behind the Technology fund (XLK, −1.3%).
• FTNT Fortinet is down 22.0% after the company reported quarterly results on Wednesday (8-K Item 2.02). It was down 26.8% premarket, so part of the premarket move has faded since the open. Its Q3 FY2026 results show revenue growth slowing to 20.5% but operating margin widening to 33.9%. That is 20.7 points behind the Technology fund (XLK, −1.3%).
• LLY Eli Lilly is up 6.8% after the company reported quarterly results today (8-K Item 2.02). That is 4.7 points ahead of the Health Care fund (XLV, +2.1%).
• CMG Chipotle is up 8.3% after the company reported quarterly results on Wednesday (8-K Item 2.02). That is 8.7 points ahead of SPY (−0.4%).

The Morning edition set 4 tests; each is checked against this observation, and the session is not over.

• Measured: How SPY trades after GDP at 8:30 AM ET. SPY was at $769.25 at 12:31 PM ET, 0.04% above its $768.93 pre-release level; this measures the move since, not its cause.
• Measured: How SPY trades after PCE at 8:30 AM ET. SPY was at $769.25 at 12:31 PM ET, 0.04% above its $768.93 pre-release level; this measures the move since, not its cause.
• Holding so far: Whether Alphabet stays below Wednesday's $324.89 close. GOOGL was at $285.28 at 12:31 PM ET, 12.2% below the $324.89 level the Morning named.
• Holding so far: Whether QQQ stays behind SPY after the open. QQQ −1.4% against SPY −0.4% at 12:31 PM ET: a gap of 1.0 points, QQQ behind.

Earlier: 8:30 AM ET: GDP (Advance Estimate), 3rd Quarter 2026 (BEA); scheduled time passed; 8:30 AM ET: Personal Income and Outlays, September 2026 (BEA); scheduled time passed.

The VIX stood at 16.41 at 12:15 PM ET, down 0.50 points on the day. This is Cboe's delayed quote, not a close.

Treasury publishes one official yield reading a day, after the session; Blockhaven does not report an intraday yield, so rates are not described here.

What remains for the rest of the session.

1. After the close: Amazon, Intel, Gilead Sciences, and Starbucks are listed to report: Results after the close reach the market after the regular session, so they bear on the next open; timing is a calendar listing.

• The session is not over: a midday reading can change by the close, and nothing here is a forecast of it.
• Moves with no verified catalyst are reported, not explained.
• Blockhaven's Macro read is computed once a day and is not recomputed intraday, so it is not used here.

Observation 12:30 PM ET on Thursday; data through 12:31 PM ET. Prices are delayed last trades from Nasdaq's public quotes, not closes.

This edition was compiled and published automatically from public sources under Blockhaven's standing editorial policy for intraday editions, at 12:31 PM ET on Thu, Oct 29, 2026, exactly as generated; an editor did not review it individually before release. It describes what has happened and is not a forecast or investment advice.

1. Nasdaq, Nasdaq market activity (quotes), accessed 2026-10-29
2. U.S. Securities and Exchange Commission, SEC EDGAR company filings, accessed 2026-10-29
3. U.S. Bureau of Economic Analysis, BEA news release schedule, accessed 2026-10-29
4. U.S. Bureau of Labor Statistics, BLS release schedule, accessed 2026-10-29
5. Cboe Global Markets, Cboe delayed quotes, accessed 2026-10-29