US Pre-Market 28 October 2026: Nasdaq Futures +0.44% on SK Hynix Profit Jump; Vertiv +16.23%
Sentiment: mixed S&P 500 futures: +0.24%
Nasdaq 100 futures are +0.44% and S&P 500 futures +0.24% at 8:32am ET on 28 October 2026 after SK Hynix reported a more than sevenfold jump in quarterly profit and lifted US memory names, per Reuters, while Dow futures are -0.02%. VRT.US is +16.23% pre-market after Vertiv beat third-quarter estimates and raised its full-year outlook, and ENPH.US is -20.50% on a revenue miss and weak guidance. December WTI is +1.86% to $101.76 after the Houthis said they hit Saudi Arabia's Ras Tanura refinery, with the Fed decision due at 2:00pm.
Overnight drivers
- SK Hynix and memory: KRW 83.33 trillion of third-quarter operating profit, up 632% from a year earlier on KRW 104.62 trillion of revenue, an 80% margin, per Investing.com. SKHY.US is +7.38%, MU.US +3.47% and SNDK.US +4.03% pre-market; STX.US is -2.16% after its own results.
- Chips: SMH.US +1.14%, with AMD.US +1.59%, MRVL.US +1.47% and NVDA.US +0.82%. NXPI.US -7.89% is the exception after a fourth-quarter revenue guide of $3.85 billion at the midpoint came in below estimates.
- Oil: December WTI +1.86% to $101.76, and Brent rose 0.7% to $114.68 a barrel, per CNBC, after the Houthis claimed a ballistic missile strike on Ras Tanura, Saudi Arabia's largest refinery. XOM.US +0.56% and CVX.US +0.46% pre-market after falling 2.51% and 1.63% on Tuesday.
- Fed: the FOMC announces at 2:00pm ET with consensus on a pause after last month's hike, per Reuters; the target range is 3.75% to 4.00%. LSEG data shows traders pricing at least three 25-basis-point hikes by late 2027 as energy costs lift inflation, per Reuters.
- Rates and dollar: the 10-year Treasury yield closed Tuesday at 4.993%. DXY is -0.01% to 102.30 and December gold -0.07% to $4,071.60.
Tuesday on Wall Street
The S&P 500 closed at 7,722.60 on 27 October 2026, up 0.60%, as chipmakers rallied on Meta's $25 billion share sale, which drew $3 billion from Nvidia and $1 billion from AMD.
- S&P 500: 7,722.60 (+0.60%)
- Nasdaq: 26,477.81 (+1.18%)
- Dow: 52,377.57 (+0.03%)
- Russell 2000: 2,818.87 (+1.16%)
- VIX: 17.43 (-0.51% from Tuesday's 17.52 close)
AMD.US gained 5.45% and BA.US fell 10.69% after Boeing pushed its 737 production target into early 2027. The Nasdaq is up about 2% this week after Anthropic's US IPO filing on Monday, per Reuters.
Overnight Asia and Europe
South Korea's KOSPI closed at 6,012.44 on 28 October 2026, up 6.63%, on SK Hynix's results, and the Nikkei 225 rose 1.08%, while European indices traded within 0.2% of Tuesday's close.
- Nikkei 225: 63,954.19 (+1.08%)
- KOSPI: 6,012.44 (+6.63%)
- Hang Seng: 23,094.83 (+0.23%)
- Shanghai Composite: 3,681.47 (+0.91%)
- S&P/ASX 200: 8,847.30 (-0.03%)
- STOXX 600: 642.83 (-0.13%)
- DAX: 25,639.27 (+0.19%)
- CAC 40: 7,888.81 (+0.02%)
- FTSE 100: 10,669.74 (-0.16%)
Australia's September CPI came in at 4.3% annual against 4.2% expected and reversed a 0.94% morning gain in the ASX 200.
Pre-market movers
| Ticker | Move | Reason |
|---|---|---|
| ULBI.US | +144.65% | EnerSys agrees to buy it for $16 a share in cash |
| VRT.US | +16.23% | Q3 EPS $2.21 against $1.82; revenue +61%; outlook raised |
| UCTT.US | +14.90% | Record Q3 revenue of $759 million; EPS $1.15 against $0.94 |
| GEHC.US | +8.79% | Q3 EPS $1.34 against $1.20; full-year outlook raised |
| SKHY.US | +7.38% | Record quarter; KRW 100 trillion shareholder return plan |
| ENPH.US | -20.50% | Q3 revenue $293.3 million, down from $410.4 million; weak Q4 guide |
| BSX.US | -12.40% | Q3 EPS $0.73 against $0.75; full-year outlook cut |
| SEDG.US | -9.20% | Solar peers follow the Enphase guide |
| NXPI.US | -7.89% | Q4 revenue guide of $3.85 billion below estimates |
| FFIV.US | -7.29% | Fiscal 2027 revenue growth guide of 8% to 9% |
- VRT.US +16.23% after Vertiv's organic orders more than doubled from a year earlier and revenue reached $4.31 billion against $3.75 billion expected, per Investing.com.
- ENPH.US -20.50% after Enphase guided fourth-quarter revenue to $225 million to $255 million and missed on third-quarter EPS ($0.41 against $0.51), per Investing.com.
- BSX.US -12.40% after Boston Scientific cut its 2026 adjusted EPS outlook to $3.16 to $3.18 from $3.28; Investing.com reported -3.6% at 7:33am, and the loss widened into 8:30am.
- HOOD.US -6.41% after Robinhood missed third-quarter profit estimates as crypto trading slowed, per Reuters. V.US is -1.20% after Visa's fiscal fourth-quarter results.
- GOOGL.US +1.17% after a media report that OpenAI plans to buy Google's AI chips, per Reuters. MSFT.US is -0.14% ahead of results after the close.
- PPG.US +4.95% after PPG reported record quarterly earnings, per CNBC.
US economic calendar today (ET)
- 7:00am: MBA mortgage applications.
- 8:30am: September advance goods trade balance; August's deficit was $132.6 billion, per the Census Bureau.
- 10:30am: EIA weekly crude inventories.
- 2:00pm: FOMC rate decision.
- After the close: Microsoft and Alphabet report fiscal results.
- This week: Amazon and Intel report later in the week; third-quarter GDP (3.2% expected) and September PCE inflation follow, per Reuters.
What to watch
- Nasdaq 100 futures (+0.44%) lead Dow futures (-0.02%) by 0.46 points at 8:32am.
- VIX is 17.43 at 8:32am, 0.09 points below Tuesday's close, with the FOMC decision six and a half hours away.
- Russell 2000 futures are +0.01% after the index closed Tuesday +1.16%, ahead of the S&P 500 (+0.60%).
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