VANCOUVER, BC, Oct. 28, 2026 /PRNewswire/ — Stock Preachers News Commentary – Major U.S. indices pushed higher midweek, with the S&P 500 up 1.51% and the Nasdaq Composite up 1.98% over the week’s three sessions, as semiconductor and tech earnings drove gains while mega-cap names digested mixed results. The Dow gained 0.62% for the week to 52,536.29. Nasdaq volatility, measured by the VXN, fell 3.51 points for the week to 24.79, while WTI crude jumped 3.47% on the day to $103.37 a barrel. Active Companies from around the markets with current developments this week include: Texas Instruments Incorporated (Nasdaq: TXN), Meta Platforms, Inc. (Nasdaq: META), IBM (NYSE: IBM), Broadcom Inc. (NYSE: BAC) (NYSE: BX) (NYSE: C) (NYSE: MS), and Lockheed Martin (NYSE: LMT).
The S&P 500 closed at 7,739.13, up 0.21% on the day and 1.51% for the week, trading between a weekly low of 7,639.70 and a high of 7,742.75. Its RSI14 sits at 52.6, with resistance at 7,770.40 and support at 7,734.10, the 20-day SMA. The index is up 13.05% year to date.
The Nasdaq Composite slipped 0.03% on the day to 26,468.60 but remains up 1.98% for the week after touching a high of 26,582.01. RSI14 reads 47.5, with resistance at the 50-day EMA near 26,541.13 and support at the 10-day EMA around 26,439.69. The Dow added 158.72 points, or 0.30%, to 52,536.29, within range of resistance near 52,691.31.
The VIX eased to 17.31, down 1.08 points for the week, while the VXN dropped to 24.79 from a weekly high of 28.30, signaling calmer tech sentiment. The 10-year Treasury yield rose 4 basis points on the day and the week to 5.03%. Natural gas surged 13.87% on the day and 18.02% for the week, while gold slipped 0.59% to $4,050.70 an ounce.
The full report also walks through the index level ladder, sector standouts, and sentiment heading into the final sessions of the week.
CONTINUED… Read this and more news for Texas Instruments Incorporated (Nasdaq: TXN), Meta Platforms, Inc. (Nasdaq: META), IBM (NYSE: IBM), Broadcom Inc. (NYSE: BAC) (NYSE: BX) (NYSE: C) (NYSE: MS), and Lockheed Martin (NYSE: LMT) at: https://stockpreachers.com/articles/chipmakers-run-the-table-while-mega-caps-catch-their-breath/
In other industry developments and happenings in the market this week include:
Texas Instruments Incorporated (Nasdaq: TXN) Texas Instruments reported third quarter revenue of $6.06 billion, net income of $2.43 billion and earnings per share of $2.62, with revenue up 28% from the same quarter a year ago and operating profit up 73% to $2.87 billion.
Chairman, president and CEO Haviv Ilan said, “Revenue increased 11% sequentially and 28% from the same quarter a year ago with continued broad growth in industrial, automotive and data center.” He added that trailing 12-month cash flow from operations reached $9.9 billion and free cash flow was $8.4 billion, with $5.8 billion returned to owners over the period.
TI guided fourth quarter revenue in a range of $5.80 billion to $6.30 billion and earnings per share between $2.45 and $2.79. Read the release.
Meta Platforms, Inc. (Nasdaq: META) Meta Platforms reported third quarter revenue of $64.60 billion, up 26% year-over-year, with net income of $9.86 billion, up 264%, and diluted earnings per share of $3.83, up 265% from a year ago.
The quarter included a $9.89 billion charge tied to an agreement with 52 attorneys general on teen mental health and social media litigation, which carries payments of up to approximately $18.59 billion. Excluding the charge, income from operations would have been $22.88 billion and diluted EPS would have been $7.40.
Founder and CEO Mark Zuckerberg said, “We hit major milestones this quarter toward delivering personal superintelligence for everyone… Our investments are paying off, the core business is strong, and we’re seeing velocity across the board.” The company guided fourth quarter revenue of $73 billion to $76 billion and narrowed 2026 capital expenditure guidance to $135 billion to $145 billion. Read the release.
IBM (NYSE: IBM) IBM reported third-quarter revenue of $17.1 billion, up 5%, with Software revenue up 8% and Infrastructure revenue up 4%. Net income reached $2.2 billion with diluted earnings per share of $2.31, up 26% year-over-year.
Chairman, president and CEO Arvind Krishna said, “Disciplined execution throughout the quarter drove accelerated revenue growth and strong free cash flow,” adding that the company now expects free cash flow to increase by more than $1 billion year-over-year for the full year.
CFO James Kavanaugh said the results reflect “strong operational execution” that led to “accelerated growth and solid operating pre-tax margin expansion in the quarter.” IBM generated $4.0 billion in net cash from operating activities in the quarter and returned $1.6 billion to shareholders in dividends. Read the release.
Broadcom Inc. (NYSE: BAC) (NYSE: BX) (NYSE: C) (NYSE: MS) Bank of America, Blackstone, Citi and Morgan Stanley announced a $63 billion financing structure to enable AI compute capacity leveraging Broadcom’s technology for Anthropic, with deliveries expected starting in calendar 2027.
The deal is executed through a special purpose vehicle supporting the purchase of Broadcom XPU AI accelerators and networking solutions to be leased to Anthropic, with Broadcom providing residual value support equivalent to the first lien portion of financing.
Hock Tan, President and CEO of Broadcom, said, “Today’s transaction underscores the power of our advanced technology and our strong conviction in the AI ecosystem… This validates that there is capital available to finance such growth and that Broadcom is uniquely positioned to enable it.” Read the release.
Lockheed Martin (NYSE: LMT) Lockheed Martin was awarded a $694 million contract from the U.S. Air Force for production of the Air-Launched Rapid Response Weapon, a hypersonic missile integrated on the B-52 capable of traveling at speeds greater than Mach 5.
The company broke ground on a Building P-20 expansion in Troy, Alabama, adding 47,000 square feet of production space that will triple the facility’s current capacity and add jobs over the next four years, building on almost 4,000 existing Lockheed Martin employees in the state.
Tim Cahill, president, Lockheed Martin Missiles and Fire Control, said, “The ARRW production contract award showcases Lockheed Martin’s ability to develop and begin production on cutting-edge systems at unprecedented speed and scale.” Read the release.
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