Nasdaq futures fell over 2% due to a sell-off in Big Tech stocks like Intel and Amazon, dragging the tech-heavy index down. Meanwhile, the Dow Jones Industrial Average remained flat, supported by strong earnings beats from companies like Chevron and AbbVie. Utilities and energy sectors showed resilience, with Chevron posting strong refining profits and utilities benefiting from increased data center power demand. The market's reaction suggests a rotation from high-valued tech stocks to companies with solid earnings, with traders cautious but calm as indicated by a stable VIX near 17. Investors will watch closely to see if tech losses remain contained or spread to the broader market after the open.
As of Oct 30, 2026 21:02 WIB, Chevron (CVX) is up 1.70% at USD 235.39 on Pluang, reflecting strength in the energy sector despite tech sell-offs. AbbVie (ABBV) also shows gains with a 1.55% rise to USD 295.49, while Dominion Energy (D) climbs 1.69% to USD 66.22. These moves highlight investor interest in solid earnings plays as Nasdaq futures drop over 2%.
In 2025, Chevron returned nearly 150% of its free cash flow to shareholders through dividends and buybacks, exceeding its cash generation and increasing debt significantly. However, in 2026, improved oil prices and cost cuts boosted free cash flow we...
Chevron reported a nearly 200% increase in Q3 net income to $9.9 billion, driven by U.S. refineries running at 98% capacity to capitalize on soaring diesel prices. The company processed record crude oil volumes, boosting refining profits over 300% to...
BP reported a third-quarter profit of $8.5 billion, nearly four times last year's $2.2 billion, driven by strong refining margins and higher oil prices. Despite this, BP's stock barely moved, reflecting cautious investor sentiment as CEO Meg O’Neill ...
In 2026, Chevron's stock rose nearly 57% with Brent crude around $104 a barrel, making both Chevron and ConocoPhillips strong dividend payers. Chevron, an integrated oil major, has a more resilient dividend history, having maintained payouts through ...
Jim Cramer recommended swapping ExxonMobil for Chevron, citing Chevron as the better investment. Both companies report Q3 earnings on October 30, which will reveal if Chevron's performance outpaces Exxon, especially given Chevron's smaller impact fro...
